The US $1.24 billion between Chevron Corp. and Argentina government's YPF may be turning point in the country's protectionist policy but it comes with an underlying political danger.
Investors
Formula One and FIA sign framework for new Concorde Agreement
The Formula One Group and the FIA signed the framework for the 2013 Concorde Agreement. The Formula One Group and its governing body, the FIA, signed the new framework for the 2013 Concorde Agreement.
Dexia wants to avoid further capital injection
Dexia CEO Karel De Boeck said he wants to avoid further capital injection from taxpayers. CEO of Dexia Karel De Boeck said he does not want any more capital boost.
Cohen Hedge Fund pleads not guilty; SAC Re's future reconsidered
Billionaire Steven Cohen's hedge fund pleaded not guilty to five separate criminal charges in federal court.
Dell special committee not accepting bid below US $14, says source
A source familiar about the deal but requested anonymity claimed that Dell Inc. will not be selling its shares for a bid below US $14.
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Apple Inc's German supplier reported a two-month record high after the sales of iPhones surpassed the estimates of analysts.
The Federal Reserve said that Ally Financial Inc.'s GMAC Mortgage will pay a total of USD 230 million to borrowers as settlement for handling foreclosures improperly.
SAC Capital Advisors' CEO Steven A. Cohen's lawyers will contend he does not have time to look into each of his employees activities to argue his lack of liability over a civil complaint.
A source revealed that Publicis and Omnicom are in late-stage talks about a merger of equals. Two of the world's largest advertising firms are said to be in private talks about a possible merger.
JPMorgan announced that it will no longer be trading in physical commodities. JPMorgan Chase & Co announced that it will no longer be trading in physical commodities.
Zynga planned to abandon real-money gaming, which upset investors. Zynga planned to abandon its plans for real-money gaming in the US. Gambling with real money is illegal in the country.
Microsoft would use solar power and white space for the cheapest broadband in South Africa.
Microsoft South Africa would finance a new trial that would provide internet connectivity.
Apple is gearing for a Chinese invasion. Apple was expected to introduce a new and cheaper iPhone model to the world soon. This cheaper iPhone will also have a bigger screen, something which has been a staple of Samsung offerings.
The report stating Samsung beat Apple in China was false. A report by Melanie Lee and Miyoung Kim for Reuters stated that Samsung beat Apple in China. However, another report from CNNMoney written by Philip Elmer-DeWitt claimed that the real situation in the Chinese smartphone market was actually different.
