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Economy forces changes in holiday office parties

published about 4 hours ago
At O'Keefe Communications, employees will celebrate the holidays this year as they did last, with a potluck in the office rather than dinner at a nice restaurant.

Mel Gibson sells film rights to Len Blavatnik

published about 4 hours ago
Hollywood movie star Mel Gibson has sold the British arm of his film distribution business to Len Blavatnik the Russianborn billionaire.

Merck acquisition of Schering-Plough to close today

published about 4 hours ago
WHITEHOUSE STATION, N.J. - Merck & Co. is set to complete its $41 billion acquisition of Schering-Plough Corp. later Tuesday, creating the world's second-largest drugmaker, behind Pfizer Inc.

At Pfizer, millions awarded in bonuses

published about 4 hours ago
Pfizer Inc.'s acquisition of Wyeth has so far shown little clear benefit to stockholders, with Pfizer's share price largely down since the deal closed on Oct. 15. The deal promises 20,000 in job cuts, about 15 percent of the combined companies' total workforce.

RBS allowed to swell lending by 70bn

published about 5 hours ago
Royal Bank of Scotland has secured the right to increase its corporate lending by up to 70bn £43bn despite the European Commissions's attempt to clamp down on the British bank's market dominance.
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November Starts Strong for M&A

published about 1 hour ago
November is starting off with a bang for mergers and acquisitions dealmakers, with 41 announced U.S. deals worth $47.5 billion.

Polo Profit Rises 10%

published about 2 hours ago
Polo Ralph Lauren, posting a 10% rise in second-quarter profit, said revenue for the full-year won't be down as much as previously expected.

Madoff Accountant Pleads Guilty

published about 5 hours ago
Madoff's longtime auditor David Friehling entered a guilty plea to securities fraud and other charges, but denied knowing about the underlying Ponzi scheme.
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Obesity expert hits at industry's 'free ride'

published about 7 hours ago
The scientist who led research showing that obesity is rising less rapidly than previously predicted has cast doubt on the effectiveness of government policies to ... more

Johnson & Johnson set to cut jobs

published about 7 hours ago
Healthcare firm Johnson & Johnson says it will cut up to 7% of its global workforce as part of restructuring plans.

House price recovery continues

published about 8 hours ago
Recovery in the UK housing markets is continuing at a strong pace, according to a closely watched index, with prices in October posting gains for ... more

Hyundai India to hire executives from overseas

published about 7 hours ago
Hyundai Motor India Ltd will hire NRI's and expatriates in executive positions as part of a new recruitment policy that aims at tapping global talent ... more

Jet to fire 25 expat pilots

published about 7 hours ago
The pilots have been served 30-day notice stating that their services were not required at this stage, a Jet Airways source told PTI on Tuesday.

SBI to foray into wealth management business

published about 7 hours ago
To cash in on its huge branch network and client base, State Bank of India is all set to start wealth management business and financial ... more

Eurozone lending to private sector declines

published Tue, Oct 27 2009 12:06 GMT
The eurozone saw the first year-on-year fall in bank lending to the private sector last month, even as signs became stronger that the 16-country region's ... more

Nato faces dilemma on Russia

published Mon, Oct 26 2009 12:04 GMT
In the long run, the alliance's key question is how to deal with Moscow. This has the potential to open up divisions not only between ... more

Currency threat to beleaguered paper industry

published Sun, Oct 25 2009 22:19 GMT
The weak dollar pushes North American newsprint prices down and buyers are sure to use the threat of cheap imports from across the Atlantic to ... more

US stocks: Volatility returns

published 1 day ago
NEW YORK: After months on hiatus, volatility is back on Wall Street.

KLCI marginally down in early trade

published Wed, Oct 28 2009 22:36 GMT
KUALA LUMPUR: The KLCI was marginally down in early trade Thursday, led by falling share prices of financial institutions such as Hong Leong Bank, CIMB ... more

Petrol price at pump may follow market price next year

published Mon, Oct 26 2009 23:34 GMT
KUALA LUMPUR: Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah Tuesday did not discount the possibility that petrol price at the pump could follow the ... more

Argentina debt move paves way for return to credit markets

published Thu, Oct 22 2009 21:00 GMT
Argentina has formally announced its intention to settle outstanding debts worth more than $29bn with holders of default sovereign bonds in a move that could ... more

Mexican cartel hit in US drugs swoop

published Thu, Oct 22 2009 21:00 GMT
The US justice department said yesterday it had carried out its largest operation yet against a Mexican drugs cartel, in a swoop that involved 3,000 ... more

Mexican cartel hit in US drugs swoop

published Thu, Oct 22 2009 21:00 GMT
The US Department of Justice said yesterday it had carried out its largest ever operation against a Mexican drugs cartel, in a swoop that involved ... more

On the Call: Cablevision COO Tom Rutledge

published about 4 hours ago
Cablevision Systems Corp. is seeing traditional advertisers return to the market, including companies from the battered automotive and financial-services industries. The company said Tuesday that ... more

Germany's Merkel: advocate of strong US ties

published about 4 hours ago
Chancellor Angela Merkel worked during her first term to improve Germany's relations with the U.S., restoring cordiality to ties strained over the Iraq war while ... more

Ford US auto sales rise 3 percent in October

published about 5 hours ago
Ford Motor Co. says its U.S. sales rose 3 percent in October, a positive sign for automakers who are hoping an improving economy brings buyers ... more

October Auto Sales: Daimler sales rise (AP)

published about 4 hours ago
AP - Daimler AG said its U.S. sales last month increased 9.4 percent, led by a jump in Mercedes Benz volumes, as a more stable ... more

Oil prices rise as Fed meets on interest rates (AP)

published about 5 hours ago
AP - Oil prices rose Tuesday as the Federal Reserve began a two-day policy meeting on interest rates.

Insight: WTI is losing its glitter

published about 6 hours ago
What's surprising about Saudi Arabia dropping the Nymex contract as its benchmark oil price is that it took so long to happen, says Ed Morse

British families remain pessimistic

published about 5 hours ago
Economic conditions across the country are showing some signs of improvement but consumers remain unconvinced.

Lenders ease mortgage rationing

published 1 day ago
Lenders have been making it slightly easier for borrowers to take out a mortgage, according to the financial information service Moneyfacts.