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Strauss-Kahn resigns as head of IMF
Dominique Strauss-Kahn has resigned as head of the IMF according to a statement issued late on Wednesday by the global finance body. Strauss-Kahn, who faces charges of sexual assa... -
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Dell profits triple
Texas-based technology company Dell reported late on Tuesday that its Q1 profits had almost tripled due to stronger than expected big business sales. Net income according to the co... -
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BP-Rosneft £10bn deal collapses
BP’s attempt to gain a grip in Russia’s Arctic oilfields through a £10bn share swap deal with state controlled company Rosneft has collapsed after BP failed to address a dispu... -
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Canadian counterbid for TMX beats LSE by 20 percent
In a deal valued an estimated $3.7bn or $49.50 a share, a group of Canadian pension funds and banks collectively known as Maple Group Acquisition, confirmed late on Sunday that it ... -
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Japanese government to help pay plant victims
The Japanese government endorsed a scheme on Friday to help Tepco, Asia’s largest utility company, compensate victims of the disaster at its tsunami-stricken nuclear power plant ... -
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Google braced for possible $500m antitrust settlement
Google’s advertising system is under investigation by the US Justice Department and it has put aside $500m to settle any potential charges, the Internet search engine revealed on... -
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Microsoft on the verge of buying Skype
US software giant Microsoft is in late stage negotiations to buy Internet phone service provider Skype in a deal that could be worth 8.5bn dollars, the Wall Street Journal reported... -
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Apple brand world’s most valuable at $153bn
International consumer electronics giant Apple has beaten search engine Google to the top spot as the most valuable global brand, according to a key study published by Millward Bro... -
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Vale posts record Q1 net profits
Rio de Janeiro based Vale SA, the globe’s biggest iron ore producer, announced record Q1 net profits as revenue doubled due to higher sales of metals such as copper and nickel, t... -
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SocGen sees net profit decline of 13.8%
France’s second largest listed bank by market value, Societe Generale, announced on Thursday lower than anticipated first quarter results due to a charge tied to its own debt and...
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