Microsoft CEO Steven Ballmer announced leaving the company within 12 months which also left the software maker in woes to find a replacement.
Investors
Hinduja co-chairmen lauds Indian Finance Minister
Hinduja co-chairmen Gopichand and Srichand Hinduja had issued a laudatory statement to the Finance Minister's reassurances.
Tata Steel to improve black dust emanations from its plant`
Tata Steel had purchased expensive equipment to lower black dust emanation from its plants. Tata Steel. the Indian steel conglomerate, had invested GBP800,000 in new machinery able to reduce the black dust particles produced from its Wales located facility.
Judge throws out pension fund claim against Moody's
US District Judge George B. Daniels dismissed the suit filed by Teamsters Local 282 Pension Trust Fund against the credit ratings agency Moody's.
Alitalia and Etihad in discussion
Alitalia and Etihad are in discussion as to possible stake purchase from the Italian flag carrier. Alitalia is in discussion with Etihad Airways, resulting in the Abu Dhabi based airline purchasing a stake in the floundering Italian aircarrier.
Latest News
Atlas Elektronik and Rheinmetall Defence Electronics were raided by German authorities in relation to bribery accusations on a submarine equipment order.
Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.
Agustin Carstens, Governor of the Mexican central bank, asked the US Federal Reserve to clarify its plans for the reduction of its monthly bond purchases.
The presence of wild pigs had become a huge problem in the United States. Agriculture authorities in the US said wild pigs had become a tremendous problem in the country.
Banks were prompted to look at their tradition of "client hires" as the SEC deepened its investigation of JPMorgan's hiring of two Chinese nationals.
A recovery in the US housing market lifted the sales and earnings of Home Depot. Home Depot Inc gained from the rebound experienced in the US housing market.
A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.
Rexnord Aerospace announced acquisition for Micro-Precision Technology assets that would allow the two companies to expand their portfolio..
Wells Fargo said it had intended to expand its fund services clients in the Asian region by as much as 20% a year.
