An uneasy calm settled on Asian markets on Wednesday as a brewing financial crisis in Russia and the rout in oil prices sent investors scurrying for the cover of top-rated bonds.
Regions
Citgo valued at more than $10 billion in revised bids
Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter.
Uber says only some employees have access to 'God View'
Taxi service provider Uber Technologies Inc said only some of its employees have access to "God View", or a real-time aerial view of the movement of its cars.
3D printing points way to smarter cancer treatment
British scientists have developed a new use for 3D printing, putting it to work to create personalized replica models of cancerous parts of the body to allow doctors to target tumors more precisely.
U.S. judge OKs Seattle artist's 'Angry Birds' lawsuit
A U.S. judge has allowed a Seattle artist's intellectual property lawsuit to go forward over her claims she was cheated out of possibly millions of dollars from the sale of "Angry Birds" pet toys she designed, her attorney said on Tuesday.
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The boomtown in the heart of Canada's oil sands region is getting nervous. Fort McMurray, surrounded by the boreal forest of northern Canada, has long drawn thousands with jobs that paid six-figure salaries to a region that produces more crude than anywhere else in the Western Hemisphere.
American Apparel Inc has officially fired its founder and former Chief Executive Officer Dov Charney, months after it suspended him for misconduct, according to a news release Tuesday.
U.S. stocks fell for a third day in a volatile session Tuesday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy.
U.S. housing starts and permits fell in November, but remained at levels consistent with a gradually improving housing market. Groundbreaking declined 1.6 percent to a seasonally adjusted annual pace of 1.028 million units, the Commerce Department said on Tuesday. October's starts were revised up to a pace of 1.045 million units.
Dutch insurer Delta Lloyd NV (DLL.AS) has agreed to sell its Belgian banking operations to China's privately-held Anbang Insurance Group for 219 million euros ($273 million).
Destined to form models of the Burj Khalifa and Tokyo Tower, 90 million toy bricks will be used in new Legoland Parks in Dubai, Japan and Korea by 2017, building blocks in British operator Merlin's (MERL.L) expanding empire.
The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis.
The ruble plunged more than 10 percent for the second day on Tuesday and recorded its worst fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual overnight rate hike.
Belgian biotech group Galapagos said on Tuesday that its research partner Janssen Pharmaceutica, a unit of Johnson & Johnson, had pulled out of a program to develop a new drug to treat bowel disease.
