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.
Sarkozy clinches $6 billion of Kazakh energy deals
ASTANA, Oct 6 (Reuters) - French President Nicolas Sarkozy oversaw oil, gas and nuclear deals worth more than $6 billion with Kazakhstan during a visit on Tuesday, establishing France as a key investor in the resource-rich state.
SYDNEY (Reuters) - Britain's The Independent newspaper Tuesday reported that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.