US regulator fines JP Morgan and Credit Suisse $400mn in securities case
WASHINGTON - JP Morgan Securities LLC and Credit Suisse Securities (USA) have agreed to pay more than $400 million combined fine after being charged by the US markets regulator of misleading ...
Leaders optimistic of being able to avoid fiscal cliff
WASHINGTON - President Barak Obama and congressional leaders commenced discussions Friday on how they might avoid the looming fiscal cliff, under which the US faces the challenge of imposing ...
Indian American's popular energy drink under FDA scanner
NEW YORK - A popular energy drink, produced by a company founded by an Indian-American billionaire, has come under the scanner in the US after reports of 13 deaths possibly linked to the energy ...
TNT Express to offload airlines operations to safeguard UPS merger deal
HOOFDROP, Holland - TNT Express NV, a Netherlands-based express delivery company, has agreed to conditional sale of 100% of its equity interest in TNT Airways SA (TAY) and Pan Air Lineas Areas SA ...
Furniture giant IKEA apologizes for use of forced labour by suppliers
BERLIN - Global furniture chain retailer IKEA Friday conceded that it had benefited from the use of forced prison labour by some of its East German suppliers more than two decades back and that some ...
Elections due in Japan as prime minister dissolves parliament
TOKYO - Japanese Prime Minister Yoshihiko Noda dissolved the lower house of parliament Friday, setting the stage for general elections in December that is expected to strip his centre-left party of ...
Meet the poorest president in the world Uruguayan leader Jose Mujica
Uruguayan president Jose Mujica has been dubbed as the 'poorest president' in the world, as he lives on a ramshackle farm and is known for giving away 90 percent of his earnings to charity. The ...
Israel Authorizes More Reservists After Rockets Hit Gaza
Israeli aircraft pounded Hamas government buildings in Gaza on Saturday, including the building housing the prime minister's office, after Israel's Cabinet authorised the mobilisation of ...
Why Is President Obama Visiting Southeast Asia
Barack Obama will arrive in Bangkok on Sunday, the first leg of a three country tour that will include bilateral talks with Thai prime minister Yingluck Shinawatra and the first visit by a sitting ...
Comet To Close Up To 40 Stores
Comet is preparing to close between 30 and 40 stores by the end of the month, according to reports. Administrators have so far announced 330 redundancies at the electronics retailer but there ...
Optimism sneaks into stock markets
NEW YORK -- Optimism that President Obama and congressional leaders will reach a deal on the budget deficit and avoid the "fiscal cliff" helped stocks notch their first advance in four ...
Wal-Mart files labor complaint over planned worker protests
Wal-Mart Stores Inc., the world's largest retailer, took legal action to block employee protests outside stores that might disrupt its business next week at the start of holiday shopping on ...
Source: http://www.karachinews.net/index.php/sid/210808752/scat/3a8a80d6f705f8cc
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