Companies

BP loses bid to cut oil spill fine

It's a case of two steps forward, one step back for BP. The oil giant has made huge progress turning the company around since the 2010 Gulf of Mexico oil spill which left it with billions of dollars

Feb 20, 2015

Aero India 2015: Airbus in Talks with Indian Firms to Manufacture Helicopters Locally

Airbus's helicopter division has opened talks with major Indian conglomerates to partner in building Indian Armed Forces' next generation light utility and medium lift helicopters

Feb 20, 2015

An Ilyushin-76 plane modified with the Israeli Phalcon strategic airborne radar system

India-Israel Security Ties Are Now in the Open, Says Visiting Israeli Defence Minister

Indo-Israeli strategic partnership is more mature and more visible, remarked visiting Israeli Defence Minister in New Delhi

Feb 20, 2015

Nasdaq up for seventh straight session

The Nasdaq rose for the seventh straight session, driven by biotech stocks. The Composite getting closer to the 5,000 mark. But stocks mostly ended in the red zone amid uncertainty over the prospects

Feb 20, 2015

Apple sued for poaching staff

Apple's being sued for poaching talent. The lawsuit comes from car battery maker A123 Systems. It's a further sign that the iPhone maker may be trying to get into the electric car business. The suit

Feb 20, 2015

Ukraine: what next from the West?

A ceasefire barely a week old. If not already dead, then suffocated by claims and counterclaims. This is from a Ukrainian soldier who - though it wasn't clear whether he was speaking under duress -

Feb 19, 2015

Wal-Mart hikes wages, profit tops estimates in the fourth quarter

Walmart posted a strong profit and raised wages for its employees. The world's largest retailer topped earnings estimates in the key holiday quarter. It also said starting in April… hourly workers

Feb 19, 2015

Ball says we can together to UK's Rexam

They're already the world's two biggest makers of drinks cans. Now they want to combine to become a global packaging giant. US company Ball Corp has offered a cash-and-stock deal valued at 4.43

Feb 19, 2015

Swiss treats from Re and Nestle

Some disappointment - but sweetened by the promise of better things to come from two of Switzerland's biggest companies, Nestle and Swiss Re. Nestle - maker of KitKat chocolate and Nescafe, reported

Feb 19, 2015

Germany pours cold water on Greece deal

Not good enough - Germany's response to Greece's request for a six month loan extension. Athens offered up major concessions but ran into strong objections from the EU paymaster. The German finance

Feb 19, 2015

Sheepish year ahead for global economy?

A celebratory mood, as Zhang Qiyue, China's consul general in New York rang the Nasdaq opening bell to celebrate Chinese New Year, the most important holiday season on the Chinese calendar. 2015 is

Feb 19, 2015

Greek compromise hopes rise

A six-month loan extension. That's the formal request from Greece to its euro zone peers. Without it, the country could run out of money within weeks. But Athens officials say the request would be

Feb 19, 2015

BSE closes points 142.01 up on Feb 19

New Delhi, Feb 19 (ANI): Trading at the Bombay Stock Exchange today closed 142.01 points up to stand at 29,462.27. At the National Stock Exchange the Nifty closed 26.20 points up to stand at 8,895.30. JINDAL STEEL and FSL were among the top gainers of Group A with an increase of 28.59% and 8.04% along with HIND COPPER and ADANI POWER with an increase of 8.00% and 7.98% respectively, while the top losers of Group A include SUZLON and WELCORP with a decrease of 6.72% and 5.79% along with SKF INDIA and AURO PHARMA with a decrease of 4.98% and 4.58% at the close of the markets. The Auto sector is up 6.70 points at 19,855.74 while the banking sector is down 110.30 points at 21,978.47 and the reality sector is up at 17.09 points at 1,748.04. The Indian currency is up 0.03% at Rs 62.34 per dollar.

Feb 19, 2015