October 22: Snapshots for the day
October 22: Snapshots for the day
Chevy Volt is seen in Washington in this December 4, 2008 file photo.
The Chevy Volt and the Nissan Leaf, two electric-powered vehicles that will go on sale in the United States later this year are among the five cars named on Thursday as finalists for 2011 Green Car of the Year.
Ford Motor Co's new Fiesta, which is the only of the five not to use electric drive, is in the group because it can achieve 40 miles per gallon in highway driving, the Green Car Journal said in announcing the finalists.
The winner will be revealed at the Los Angeles Auto Show in mid-November.
Two hybrid versions were named, the Hyundai Sonata, and Lincoln MKZ.
Azim Premji, chairman of Wipro, speaks as he presents the quarterly results at the Wipro campus in Bangalore
Wipro, India's No.3 software services exporter, missed market estimates with a 9.7 per cent rise in quarterly profit as salary hikes and currency volatility hit gains from improving demand for outsourcing services.
Wipro, which develops software applications, integrates IT systems and manages call centres, said net profit for July-September rose to Rs 1,285 crore ($290 million) under international accounting standards from Rs 1,171 crore reported a year ago.
Analysts had forecast net profit of Rs 1,342 crore for Wipro, whose clients include Citigroup, Cisco and Credit Suisse.
A man stands in front of an AIG logo in Tokyo
AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia.
The pricing of the IPO, set to be the world's third biggest, comes amid a boom of new listings in Asia and puts an end to a long-running saga for American International Group Inc.
Its bid to sell AIA and use some of the proceeds to pay back part of a whopping $182.3 billion US bailout it received during the financial crisis began two years ago and included two failed auction attempts and two floatation efforts.
AIA said on Friday the IPO was priced at HK$19.68 each and fully exercised the upsize option, confirming an earlier Reuters report. If the underwriters exercise the overallotment option, the IPO size will rise by 15 per cent to $20.5 billion. AIA's trading debut is set for Oct
A Google search page is seen through the spectacles of a computer user in Leicester, central England
Google Inc is actively negotiating with three television networks that have blocked access to their websites on Google TV, a source familiar with the matter said.
Three of the biggest US television broadcasters have blocked the Web-based versions of their shows from Google's new Web TV service, throwing a wrench into the company's plans to expand from computers to the living room.
Representatives from Walt Disney Co and NBC Universal confirmed on Thursday that the companies blocked access to the broadcast TV shows available on their websites from Google TV. Disney owns ABC network and cable TV business ESPN.
News Corp's Fox is also considering blocking access to shows on its website, but a decision has not yet been made, a source familiar with the matter said.
A woman walks past the entrance of the headquarters of China National Offshore Oil Corp (CNOOC) in Beijing
China's CNOOC and Ghana National Petroleum Corp (GNPC) have bid $5 billion for Kosmos Energy LLC's assets in the West African state, including its stake in the Jubilee field, a source close to the deal said on Friday.
The offer tops an earlier, failed bid of more than $4 billion from Exxon Mobil for the Kosmos assets, which includes a coveted 23.49 per cent stake in a large, Ghana oil discovery known as the Jubilee field.
CNOOC and domestic rivals Sinopec and PetroChina have all been chasing global energy assets hard there in their race to feed China's rapid growth.
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