Business

Owners of a third of 3PAR back HP bid

Photo

NEW YORK (Reuters) - Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co's proposal to buy the company for $2.4 billion.

Conundrum: M&A/credit binge vs double-dip fear

LONDON (Reuters) - A new conundrum faces financial markets -- why, if the global economy is heading back into trouble, are companies on an M&A binge and big investors snapping up so much corporate debt?

03 Sep 2010

Q+A - What options does Obama have to boost U.S. hiring?

WASHINGTON (Reuters) - The U.S. economy needs more help and President Barack Obama says he will address new ideas next week to boost hiring.

12:23am IST

China tells state firms to explore Potash bid - source

HONG KONG/MELBOURNE (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.

03 Sep 2010

Athens shops pull down shutters on recovery hopes

ATHENS (Reuters) - There are more employees than clients in Andreas Triandafillidis' clothes shop in central Athens. Austerity has kicked in and the shirts stay on the shelves despite a 50 percent discount.

03 Sep 2010

Petrobras to sell $65 bln stock in record offer

RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock -- the largest in capital markets history --

03 Sep 2010

BofA Merrill Lynch names Malhotra India risk manager - memo

MUMBAI (Reuters) - Bank of America Merrill Lynch has named Sanjiv Malhotra as risk manager and a member of its leadership team for India, according to a company memo seen by Reuters on Friday.

03 Sep 2010

FY11 tax collection may top budget estimate

NEW DELHI (Reuters) - India's tax collections could beat budget estimates of 7.46 trillion rupees ($160 billion) in the fiscal year to end-March 2011, Revenue Secretary Sunil Mitra said on Friday.

03 Sep 2010

GLOBAL MARKETS WEEKAHEAD - Poised for a risk rally?

LONDON (Reuters) - With little fanfare, equity markets have started to rally, investors have become sated with government bonds and cash levels are high enough to prompt a search for better yield.

03 Sep 2010

SPECIAL REPORT- An outgunned FDA tries to get tough with drug ads

SILVER SPRING, Md., (Reuters) - It wasn't what you would call a casual get-together.

03 Sep 2010

REUTERS SHOWCASE

Stock Sale

Stock Sale

Brazil oil firm Petrobras plans $65 bln stock sale.  Full Article 

New Conundrum

New Conundrum

M&A/credit binge vs double-dip fear.  Full Article 

A Tricky Job

A Tricky Job

Columnist T Bhanu bats for the local weatherman.  Full Article 

BRIC Stocks

BRIC Stocks

Stocks from the so-called BRIC group are starting to move in lock-step with developed market indices.  Full Article 

Ferrari recalls supercars after fires

Ferrari Recall

Ferrari said it is recalling more than 1,240 of its 458 Italia supercars to replace an adhesive prone to melting.   Full Article | Slideshow 

Oil Spill Costs

Oil Spill Costs

BP said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion.   Full Article 

Gold ETFs

Gold ETFs

Here we explain what are gold ETFs and why they might be preferable to owning physical gold.  Full Article 

News @ Facebook

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Markets

India Indices

-16.88
18,221.43
-0.09%
-6.75
5,479.40
-0.12%
75.21
7,859.11
+0.97%
1.38
653.39
+0.21%

Int'l Indices

112.24
10,432.34
+1.09%
51.29
9,114.13
+0.57%
57.11
5,428.15
+1.06%
102.58
20,971.50
+0.49%
-0.38
2,655.39
-0.01%

Currencies

46.460
71.813
59.896
0.55021