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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The tech giant’s website was recently hacked which posed a US$100 billion worth setbacks for American businesses.
The commodity market highlights that time is indeed of the essence. The commodity market is putting another definition to the old adage "time is gold.
Detroit's bankruptcy, the largest in US history, poses a couple of lessons which others should take keep mind.
ONGC and Reliance Industries signed a Memorandum of Understanding that allows them to share infrastructure on the east coast.
Fabrice Tourre, former Goldman Sachs junior executive, contested the charges against him when he took the stand on Wednesday.
Russian billionaire Vladimir Evtushenkov said he is considering takeover targets to expand his business abroad.
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.
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.