PNB restructures insurance, MF joint ventures
State-run lender Punjab National Bank restructured its insurance and mutual fund joint ventures by buying out its partners' stake from the insurance venture and selling its entire stake in the mutual fund joint venture, the bank said in a release on Thursday.
French PM: Eurozone to do everything for stability
French Prime Minister Francois Fillon said on Thursday that eurozone members would do "absolutely everything" for the bloc's economic stability, but stressed no additional bail out funding was currently required.
ECB says ready to act on inflation if needed
The eurozone faces short-term price pressures which could linger, the European Central Bank said on Thursday, showing it could raise interest rates to contain inflation even while the bloc is gripped by a debt crisis.
Lehman says needs more time for bankruptcy plan
Lehman Brothers Holdings Inc said it will take longer than expected to win approval of its bankruptcy reorganization plan as it tries to settle differences with creditors, who are owed well over USD 300 billion.
US judge approves $7.2 bn Madoff settlement
A US judge approved a USD 7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme.
Starbucks signs pact to enter India
Starbucks Corp unveiled a deal that sets the stage for the world's largest coffee company to bring its iconic cafes to India, where Western-style coffee shops are increasingly popular.
Microsoft has best month for Xbox despite shortage
Microsoft Corp notched its best ever month for the Xbox in December, selling 1.9 million of the game consoles, helped by its new Kinect hands-free system and the latest in the blockbuster 'Fable' and 'Halo' game series.
Nadal faces tricky path to grand slam sweep
Rafa Nadal faces Brazilian world number 96 Marcos Daniel in his first round of the Australian Open but faces a rocky path in his bid to become the first man to hold all four grand slam crowns simultaneously in more than four decades.
NZ batsmen need to back up bowlers: Vettori
New Zealand captain Daniel Vettori has echoed coach John Wright and asked his batsmen to back up their bowlers if the home side have any chance of squaring the series against Pakistan when the second test begins at the Basin Reserve on Saturday.
RIM shares jump after India deal; new phones leaked
Shares of Research In Motion jumped as much as 4% to near an eight-month high on Thursday after it reached a deal with India that appeared to protect its secure corporate email service.
Nikkei set to rise on Intel, gains seen limited
Japan's Nikkei average is expected to open higher on Friday on rises in tech shares thanks to brisk earnings results from Intel Corp, but gains may be limited by weak earnings results from domestic retailer Fast Retailing.
Real on the hunt for a striker until end of season
Real Madrid are on the look out for a striker to help them through to the end of the season, club director general Jorge Valdano told Spanish television on Thursday.
Mel Gibson movie 'The Beaver' finds a home
Mel Gibson's new movie "The Beaver," which saw its release postponed last year following the release of audio tapes that damaged the actor's reputation, will finally receive a premiere in March at a Texas festival.
Merck, materials drag Wall St lower, Intel up late
US stocks edged lower on Thursday, hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies.
Intel results and forecast beat estimates
Intel Corp cheered investors with a strong quarterly revenue forecast and better-than-expected fourth-quarter earnings as sales to corporations grew.
Bernanke says joblessness to linger despite growth
The outlook for the US economy has brightened, Federal Reserve Chairman Ben Bernanke said on Thursday, though he warned that growth this year won't be strong enough to bring down the jobless rate as speedily as policy makers would like.
France sets quota for women on big companies' boards
France's parliament gave final approval on Thursday to a law forcing large companies to reserve at least 40% of their boardroom positions for women within six years.
US calls for 'more equitable' trade with China
US Commerce Secretary Gary Locke complained that China often fails to keep promises to open its markets and called for a "more equitable commercial relationship," days before China's president visits Washington.
Citi still too big after 'ad-hoc' bailout audit
Citigroup's 2008 bailout was "strikingly ad hoc" and the bank is arguably still too big and interconnected to be allowed to fail, a new government watchdog audit showed on Thursday.
US may challenge Google's ITA deal: Source
US regulators are putting together a possible antitrust challenge to Google Inc's planned USD 700 million acquisition of airline ticketing software company ITA Software, sources knowledgeable about the deal said on Thursday.
London 2012 Olympics to have airport style security
Sports fans attending the London 2012 Olympics can expect airport-style security screening at venues, the policeman in charge of safety at the Games said on Thursday.
US court: Filmmaker must surrender Chevron footage
A US appeals court on Thursday upheld a lower court's order that a filmmaker must hand over to Chevron Corp raw footage from a documentary as part of a legal fight over oil pollution in Ecuador's Amazon rainforest.
German watchdog touts impact study on global banks
German financial watchdog Bafin wants an international impact study in the coming months to develop ways of identifying banks that could threaten the global financial system.
Tinie Tempah leads BRIT music award nominations
British rapper Tinie Tempah led the field on Thursday at the BRIT awards with four nominations, just ahead of singer-songwriter Plan B, folk rock act Mumford & Sons and London's The XX, who each had three nods.
