RIL Q3 net profit drops; share buyback approved
RIL reported its first quarterly profit drop in more than two years as refining margins fell sharply. The board approved spending of up to 104.4 billion rupees to buy back shares. Full Article | Full Coverage
GE revenue lower than expected, Europe a worry
REUTERS - General Electric Co's fourth-quarter revenue fell short of Wall Street expectations, with Europe's weakening economy and weak sales of appliances the main culprits.
- GM regains crown as top-selling automaker, Toyota No.3
- Greece, banks converging towards debt swap deal - source
- Wal-Mart promotes woman to run Sam's Club
- S&P;, Nasdaq dip after Google falls short, but IBM lifts Dow
- Banks battle for business as firms ditch IPOs
- Rupee closes down for 1st day in 7; RBI supports
Is demography really a blessing?
The problems of today are also the key challenges of the future, and a youthful population is only an asset if it can be employed productively, say Jeff Glekin and Hugo Dixon. Full Article
Rushdie cancels visit after death threat warning
Salman Rushdie will not attend the Jaipur Literature Festival after protests from some Indian Muslim groups demanding the author of 'The Satanic Verses' be banned from entering the country. Full Article
Crews tested on Italian ship as weather worsens
The vast wreck of the Costa Concordia shifts on its undersea ledge, forcing a new suspension of rescue work and threatening plans to pump oil out to prevent an environmental disaster. Full Article
Nadal, Federer shine in Rod Laver Arena
A mouthwatering grand slam showdown between Rafa Nadal and Roger Federer moved a step closer to reality when the in-form arch-rivals breezed into the Australian Open's last 16. Full Article
Bhupathi, Lara Dutta welcome baby girl
Mahesh Bhupathi and his actress wife Lara Dutta have become first-time parents to a baby girl. Full Article
Latest Headlines
END OF LEGAL BATTLE
Vodafone wins $2.2 bln India tax case
The Supreme Court ruled in favour of Vodafone in its fight against a $2.2 billion tax bill, a decision analysts said would encourage foreign investment and clear the way for the company's planned initial public offering in India. Full Article | Full Coverage
The limits of the Pakistan-China alliance
While China has an interest in maintaining strong security ties with Pakistan, the notion that Chinese ties could serve as a replacement for U.S. ties is far-fetched. Instead of wringing its hands over Chinese influence with Pakistan, the U.S. should seek Beijing’s cooperation in encouraging a more stable and prosperous Pakistan. Full Article
How much do Apple employees earn?
Apple has been generous in terms of handing out equity to its employees, and there’s no reason to believe it won’t be just as generous going forwards. And the most recent datapoint we have - the 1 million RSUs given to Tim Cook when he became CEO “as a promotion and retention award” - certainly doesn’t make it seem as though Apple is stingy with its equity-based pay. Full Article
Global Economics: When China is not just China
The internal political role China's corporate kings - CNPC and Sinopec - is underappreciated. When push comes to shove, they follow government orders. But they first do some nudging of their own. They are vital in Beijing’s strategy of securing ever-growing oil imports. Thus, their relationship with the central government is no longer one-way. Full Article
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