International Business

New York | March 11, 2013 19:03 (IST)

Prominent short-seller David Einhorn raised eyebrows last month when he popped up on Twitter to disavow that he had tweeted about Herbalife Ltd.

New York | March 11, 2013 15:31 (IST)

In early 2007, as signs of distress began appearing in securities backed by residential mortgages, executives at Standard & Poor's began advising analysts responsible for rating mortgage bonds that they should put the phrase "privileged and confidential" on emails to one another.

Shanghai | March 11, 2013 13:23 (IST)

Jonathan Lu is to replace former leader Jack Ma as chief executive officer of Alibaba Group, starting in the position from May 10, the Chinese e-commerce giant said on Monday.

London | March 10, 2013 19:27 (IST)

British airline Virgin Atlantic is facing record annual losses of 135 million pounds, raising fears of job cuts, The Sunday Times reported.

Washington | March 10, 2013 15:34 (IST)

US President Barack Obama was in his elements over a whopping $85 billion forced spending cuts his administration was facing, saying, "My joke writers have been placed on furlough."

Brussels | March 10, 2013 14:37 (IST)

After reaching an agreement last week to cap bankers' bonuses, the European Union plans to rein in the salaries of managers and board members of all stock exchange listed companies across the EU block.

Tokyo | March 10, 2013 12:57 (IST)

Howard Stringer, who fought to bring a divided and struggling Sony Corp. together as the Japanese electronics and entertainment company's first foreign president, is retiring as chairman in June.

Geneva | March 10, 2013 12:41 (IST)

After being the starring act for several years, the electric car backed into the shadows at this year's International Geneva Motor Show as carmakers grow weary of waiting for sales to take off.

Beijing | March 10, 2013 11:50 (IST)

China today revamped its bloated government structure by reducing the cabinet-level entities, including the corruption-ridden Railways Ministry, to cut down red tape and boost economy as a new government headed by Xi Jinping is set to take over.

March 09, 2013 14:22 (IST)

White House tours will be suspended starting on Saturday due to mandated across-the-board spending cuts known as "sequestration." The move will save the federal government an estimated $74,000 a week.

New York | March 09, 2013 13:57 (IST)

The newest stress tests for U.S. banks produced scores that are at odds with other measures of lenders' safety, in another sign that some institutions may be too big for regulators to understand and executives to manage. For example, Citigroup Inc, which has been bailed out multiple times by the U.S. government, showed up on the score sheets posted by the Federal Reserve on Thursday as being clearly safer than JPMorgan Chase & Co.

New York | March 09, 2013 12:22 (IST)

U.S. stocks closed out a historic week with another day of gains on Friday, as the Dow hit yet another record closing high on a payrolls report that surpassed even the most optimistic forecasts.

Geneva | March 08, 2013 23:12 (IST)

Switzerland's government today rejected calls to axe special rules allowing rich foreigners resident in the country to pay less tax, saying the current system still raised crucial revenue.

Washington | March 08, 2013 20:21 (IST)

The unemployment rate in the US has dropped to 7.7 per cent -- the lowest level since the end of 2008 -- with the addition of 2,36,000 new jobs in February, latest official figures released on Friday said.

London | March 08, 2013 17:48 (IST)

Record high stocks? Currency surges? In the United States maybe, but across emerging markets, slowing economies and collapsing exports are hammering company profits far harder than in the seemingly hobbled West.

March 08, 2013 12:19 (IST)

Google Inc's Motorola Mobility unit will slash 1,200 jobs or 10 per cent of its workforce as the smartphone maker tries to return to profitability, the Wall Street Journal reported on Friday, citing a company email.

Ontario | March 08, 2013 11:24 (IST)

BlackBerry has gotten its new touchscreen mobile device on store shelves in more than 20 countries and is very encouraged by the traction that the smartphone is gaining, chief executive Thorsten Heins said on Thursday.

California | March 08, 2013 10:54 (IST)

Facebooks recent changes to its newsfeed, whose look and feel had remained largely unchanged since Facebook's inception, include a division into several sections, with separate areas for photographs and music.

March 08, 2013 09:54 (IST)

Activist investor Carl Icahn is demanding Dell Inc pay out $15.7 billion in special dividends, joining a growing chorus of opposition to founder Michael Dell's plan to take the world's No. 3 personal computer maker private.

Tokyo | March 08, 2013 09:07 (IST)

Sharp Corp may sell new shares to help it repay a $2.1 billion convertible bond due in September, after a deal with Samsung Electronics Co raised $111 million in return for a 3 per cent stake in the Japanese company, three sources familiar with the matter said.