A central bank survey of corporate Japan is expected to show top executives grew more cautious in the fourth quarter due to worries about the health of the global economy and rising costs, analysts said.
Northern Rock Plc, DSG International Plc, and Daily Mail and General Trust Plc are among the seven companies that will be demoted from the FTSE 100 Index in the biggest reshuffle of the UK benchmark in six years.
Alitalia's board will meet today to pick a preferred bidder for the troubled Italian airline, Alitalia, as key business and labor leaders threw their weight behind domestic airline Air One over much larger rival Air France-KLM.
Wyndham Worldwide Corp forecast 2008 earnings that disappointed Wall Street on Tuesday as the biggest US hotel company expects the first quarter to be burdened by deferred timeshare revenue.
Billionaire investor Warren Buffett criticized US tax policy as being too lenient on the "super-rich", such as himself, during a fundraiser for presidential hopeful Hillary Clinton in San Francisco.
Citigroup Inc named investment banking head Vikram Pandit as chief executive and acting CEO Win Bischoff as chairman on Tuesday, disappointing investors who wanted a big-name outsider to overhaul the bank.
A US economic downturn could give a boost to India's flagship outsourcing industry even though it is being hit by a rupee trading at near decade highs, says the head of leading Indian computer services provider Wipro.
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