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Snowden gets Russian sanctuary

He has been awarded asylum in Russia for a year, his presence has raised tensions with US a month before Obama's planned visit

Citigroup ordered to pay $10.8 mn for soured RBS investment

An arbitration panel found the New York-based lender liable to pay a customer over his losses on investments in RBS

ArcelorMittal cuts profit target

The Lakshmi Mittal-headed company's profit has been damaged by falling steel demand in its biggest markets

EADS to adopt Airbus name to reflect heft of civilian aircraft

EADS plans to reorganise into three divisions and adopt the name of its planemaker unit Airbus in a bid to unite its businesses and boost shareholder returns

Potash's $20-bn market transformed by Uralkali

Facebook tops $38 IPO price for first time since day of debut

Facebook increased 1.5 per cent to $38.20 at 9:31 am in New York on Wednesday, erasing losses since the May 18, 2012 IPO and rebounding from a low of $17.55 in September

'Facebook plans to sell TV-style ads for $2.5 million each'

Facebook Inc, seeking to break the long-held dominance of television over advertising budgets, plans to sell TV-style commercials on its site for as much as $2.5 million a day, two people familiar wit

JPMorgan to pay $410 mn to settle US energy market probe

Of the $410 mn, $124 mn will go to the California electric-grid operator and $1 mn will go to an operator in the Midwest

SBI chief predicts RBI would raise repo rate

As of now, the effective repo rate in India is 10.25% and CRR is 4.25%: Chaudhuri

Publicis-Omnicom deal sees Levy oust adland king Sorrell

WPP has been the biggest ad company since its 2008 acquisition of Taylor Nelson Sofres Plc

Founder says method for Dell buyout vote makes no sense

The conditional increase of $150 million to $24.6 billion is substantial

Publicis to merge with Omnicom to form $35-bn advertising giant

Shareholders of Paris-based Publicis and New York-based Omnicom would each hold about 50% in the new entity

Obama narrows down on next Fed chief

GM fires employees after probe into Tavera recall

Vice-president for global engine engineering among those let go

China's industrial profit growth moderates as economy cools

For Cohen, freedom may cost a fortune

The US wants to recover hundreds of millions of dollars from Steven Cohen's fund, SAC Capital Advisors LP, representing the money it made from its alleged illegal trading

UBS to pay $885 mn to settle US lawsuit

Citigroup Inc and General Electric Co both paid undisclosed amounts to settle the regulator's claims

Facebook surges after rising sales quiet sceptics

The results sent shares of the world's most popular social- networking service up as much as 28%, a record intra-day gain

Baidu profit beats estimates

Revenue jumps 39% to 7.56 bn yuan

Dow Chemical earnings top estimates

Net income rose to $1.87 a share from 55 cents a year earlier