News

02/05/2012

Delta Air Lines has agreed to buy an oil refinery from ConocoPhillips  for $180m (£111m) in an unprecedented effort by an airline to get tighter control over its fuel bill. The US carrier said the novel move... Read More

02/05/2012

Construction continued to power ahead in April with strong levels of new business and employment, according to a closely-watched economic indicator. The strength of the reading may offer some encouragement to hopes for the recovery but continu... Read More

01/05/2012

REUTERS - Tata Group targets revenues of $500 billion by the financial year ending in March 2021, the Business Standard newspaper reported on Monday, as the steel-to-software conglomerate aims to increase sales five times over nine years... Read More

01/05/2012

BP said Tuesday that first quarter net profit sank 18 percent on a large accounting provision and lower output, which was hit by asset sales to meet clean-up costs for the Gulf of Mexico disaster. Earnings after tax fell to $5.92 billion (4.46... Read More

01/05/2012

Swedish-Swiss engineering group ABB said it has got approval from US anti-trust regulators for a $3.9-billion (3.0-billion-euro) takeover of electrical components maker Thomas & Betts. "The clearance by the United States Departme... Read More