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International Business News
Global property sector M&A touched $152 bn in 2009: Dealogic
The global merger and acquisition activity in the property sector so far this year amounted to $151.8 billion (around Rs 7 lakh crore), the lowest
Morgan Stanley to set up risk committee; overhaul pay plan
Financial services major Morgan Stanley has said it will set up a committee to supervise the company's risk management. ...
ArcelorMittal issues $750mn convertible bonds
Global steel giant ArcelorMittal on Tuesday said it has raised $750 million (Rs 3,500 crore) through issue of convertible bonds by its wholly-owned arm based ...
Audi plans $10.5 bn investments through 2012
Audi AG said on Monday it plans to spend euro7.3 billion ($10.51 billion) on plant upgrades, new products and technology research as it moves to ...
US Consumer confidence extends rise in December
A more upbeat outlook on jobs pushed Americans' confidence in the economy higher in December for the second month in a row, a survey released ...
Virtual goods give Web firms new revenue in ad slump
The Internet made shopping without checkout lines a no-brainer. Now, some Web companies are betting that people are ready to forsake another shopping tradition: tangible ...
Morgan Stanley sued over failed $1.2 bn CDO
Many banks face lawsuits from investors who say they were misled into investing in securities they believed were safe. Best banks for investors I Strong ...
Indra Nooyi faces flak for falling PepsiCo shares
The falls in sales is attributed partly to the company replacing Gatorade's name on its bottles with the letter "G". ...
Nigerian charged with trying to blow up US airliner
A 23-year-old Nigerian man was charged on Saturday with trying to blow up a packed airplane as it descended toward Detroit on Christmas Day, US ...
China PM blasts trade protectionism, pressure on yuan
Prime Minister Wen Jiabao blasted trade protectionism by China's trading partners on Sunday and vowed not to yield to pressure to allow the Chinese yuan ...
