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(AP:MUMBAI, India) Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit but warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.
Oil prices have slid below $60 a barrel as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.
MUMBAI, India - Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit in dollar terms but warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.
By Denis Pinchuk
Final paperwork pending; efforts to block emergence from bankruptcy fall short A new General Motors Corp. appears in the clear to emerge from a rapid bankruptcy reorganization as soon as final paperwork is completed, after an order that had put the action on hold expired.
Lagos — Global oil market was on Thursday gripped with apprehension as crude sunk further below $61 a barrel suggesting that the attack on oil installations in Nigeria do no longer have effects oil price direction.
An international graffiti vandal was sentenced yesterday to six months in jail for defacing subway cars in Queens -- the same six months she's serving for tagging trains in three other boroughs. Danielle Bremner, who used the tags "Erin," "Dani"...
VIENNA — Oil prices slid below $60 a barrel Friday as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.
General Motors Corp. is entering a new phase of its fight for existence as the new GM officially emerges from bankruptcy.
After a night spent signing mounds of paperwork authorizing the transfer of cash, real estate, technology and other property, GM attorneys are expected to officially usher the new General Motors out of bankruptcy protection on Friday and onto a path toward a hopefully profitable future.
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