Toshiba eyes rare metals JV with Kazatomprom in '09
TOKYO, Oct 23 (Reuters) - Toshiba Corp (6502.T) said on Friday that it aims to set up a joint venture by year-end with Kazakhstan state-owned firm Kazatomprom on the procurement of rare metals, eyeing growing demand for materials such as rare earth, used in motors for electric vehicles. (Reporting by Mayumi Negishi)
Nokia could seek up to $1 billion for iPhones: analysts
HELSINKI (Reuters) - Apple faces the possibility of having to pay the world's top cellphone maker Nokia up to $1 billion for the technologies used in iPhones sold so far if it loses a lawsuit brought by Nokia, analysts said.
WASHINGTON (Reuters) - The U.S. economy is firmly poised for a recovery from its deep recession but growth may be moderate and the job market will not revive immediately, senior White House aide Lawrence Summers predicted on Wednesday.
Carrefour, Europe's biggest retailer, is to pull out of Russia only months after opening its first stores there, blaming its rapid departure on its inability to reach a "leadership" position in the market.
Bruce Wasserstein, the head of the Lazard investment bank and "the father of modern M&A", died on Wednesday after a career that put him at the centre of global dealmaking from the go-go days of the 1980s to the current Kraft bid for Cadbury.
Germany's new government will appoint the Bundesbank, the German central bank, as sole regulator for banks and strip Bafin, the financial market watchdog, of its banking remit, officials said on Thursday.
Exxon Mobil Regains Top Ranking as PetroChina Falls
Oct. 7 (Bloomberg) -- Exxon Mobil Corp. regained its ranking as the world's most valuable company, overtaking PetroChina Co. after Chinese price controls failed to keep pace with rising crude costs, squeezing profits on refined fuels.