Goldman Sachs Group Inc, the New York-based bank that eliminated 2,400 jobs last year, reduced its compensation and benefits expense 21 per cent to $12.2 billion in 2011 as revenue slid 26 per cent.

Goldman Sachs compensation falls 21%

Business Standard

Iran has asked India to pay for oil partly in yen as the two nations seek an agreement on how to maintain trade amid tightening global sanctions, according to three people with knowledge of the matter.

Iran wants yen for oil

Research In Motion Ltd (RIM) shook up its top management, replacing co-Chief Executive Officers Jim Balsillie and Mike Lazaridis, who guided the BlackBerry maker for two decades and struggled to compete against Apple Inc.

RIM replaces co-CEOs

Maruti Suzuki India Ltd, the country&rsquo;s biggest car maker, posted an 64 per cent drop in third-quarter profit after a strike by workers and lower demand for its models damped sales.

Maruti net profit down 64%, says worst over

Ex-Galleon Group LLC trader David Slaine, who helped lead US authorities to investigate the hedge fund firm&rsquo;s co-founder, Raj Rajaratnam, was sentenced to three years probation for securities fraud.

Probation for trader who nailed Rajaratnam

The European Union had its long- and short-term issuer credit ratings of AAA/A-1+ affirmed by Standard &amp; Poor's Ratings Services, a week after the company cut the AAA ratings of France and Austria.

EU's ratings affirmed by S&P, outlook negative

Asian currencies had a third weekly gain, led by the rupee and South Korea&rsquo;s won, as signs of a global economic recovery and falling European borrowing costs boosted demand for emerging-market assets.

Asian currencies strengthen for a third week, led by rupee, won

Google Inc, owner of the world&rsquo;s most popular web search engine, reported fourth-quarter revenue and profit that missed analysts&rsquo; estimates, as weaker European demand and a shift to mobile advertising crimped growth.

Google sales, profit miss estimates 

China Unicom Hong Kong Ltd, the nation's number two carrier, is adding a record number of high-speed wireless subscribers and gaining market share by pushing smartphones that cost 80 per cent less than Apple Inc's iPhone.

China Unicom adds record 3G subscribers undercutting iPhone

Moody&rsquo;s Investors Service cut financial-strength ratings for Commerzbank AG (CBK), Germany&rsquo;s second- largest lender, citing the &ldquo;weakening resilience and eroding franchise&rdquo; of its public-finance unit. The shares fell. The standalone bank financial strength ratings of Commerzbank AG (CBK) and Commerzbank Europe (Ireland) were cut to D+ from C- and that of Eurohypo (EHY)to E+ from D-, it said in a statement.

Moody's cuts Commerzbank financial rating

Internet companies led by Google Inc are using their online clout to stoke opposition to Hollywood-backed anti-piracy measures in the US Congress that they say will encourage censorship and chill innovation.

Google rallies opposition to Murdoch-backed anti-piracy Bill

UK unemployment rose to the highest rate in 16 years in the quarter through November, deepening concerns Britain is heading for another recession as turmoil in the euro area damps the global economic outlook.

UK jobless rate at 16-yr high 

Since Google Inc introduced its Android operating system in 2007, the company's strategy has been simple: Give it to developers for free and make money when consumers click ads on the Web or through apps. That model is hitting a snag.

Amazon Fire takes Android, leaves Google apps

GlaxoSmithKline Plc&rsquo;s best-seller in India isn&rsquo;t a treatment for asthma or cancer. It&rsquo;s a malted milk drink called Horlicks.

GSK to replicate Horlicks' success

Treasury Secretary Timothy F Geithner, the last member of the Obama administration&rsquo;s original economic team, said he didn&rsquo;t expect to remain in office if the president was re-elected.

Obama will not ask me to stay, says Geithner

Apple Inc has Wall Street&rsquo;s full attention after hinting at plans for the company&rsquo;s $100 billion cash pile that may lead to stockholders receiving a dividend.

Apple investors await dividend gusher 

European finance ministers and private bond holders seek an early solution as costs up postponing a solution is high.

Greek debt talks resume as policy makers squabble

Company heads armed with strong balance sheets and lots of cash have a lot of confidence, say analysts.

CEOs discuss takeovers amid gloomy forecast

PepsiCo Inc Chief Executive Officer Indra Nooyi has taken over a coconut-water company, acquired a dairy in Russia and spent millions on a philanthropic marketing campaign. Her next big investment has a more familiar name: Pepsi-Cola.

PepsiCo likely to boost marketing to take on Coke

Lehman Brothers Holdings (LEHMQ) investors traded $32.4 billion of the defunct investment bank&rsquo;s debt last year as a hearing on its plan to pay creditors approached, according to a report.

Lehman investors traded $32 bn of firm's debt last year

The credit ratings of Italy, Spain and three other euro-area countries were cut by Fitch Ratings, which said the five nations lack financing flexibility in the face of the regional debt crisis.

Bloomberg