We intend to close MTN deal this time: BhartiAMRITSAR - The Bharti group Saturday expressed confidence that it will seal the proposed $23-billion deal with South African telecom giant MTN, after restarting negotiations that had collapsed last year. Bharti, Wal-Mart open first joint store in IndiaAMRITSAR - India’s Bharti group and Wal-Mart, the world’s largest retailer, opened their first cash-and-carry joint venture store here Saturday on an investment of $7 million, and are planning to open at least 15 stores in the next three years. Bharti, Wal-Mart defer launch of first wholesale storeNEW DELHI - India’s Bharti group and Wal-Mart, the world’s largest retailer, have postponed the launch of their first cash-and-carry or wholesale store in Amritsar following the violence in Punjab over the death of a Sikh leader in Vienna. Wal-Mart set to open its first Indian wholesale outletNEW DELHI - Wal-Mart, the world’s largest retailer, is set to open its first wholesale or cash-and-carry store in India next week and has chosen Amritsar as the location to kick-start the venture, company officials said. Bharti group eyes farm produce retail with $2.5 bn investmentNEW DELHI - Agriculture and retailing of farm-based products will be the next focus areas for the diversified Bharti group with a war chest of $2.5 billion. The group reached a major milestone last week with a telecom subscriber base of 100 million. Wall Street sees moderate buying as investors hunt for beaten-down shares after week’s slideNEW YORK — Investors cautiously returned to Wall Street Thursday, lured by beaten down financial and retail stocks. Wall Street sees moderate buying as investors hunt for beaten-down shares after week’s slideNEW YORK — Investors cautiously returned to Wall Street Thursday, lured by better-than-expected earnings at several big retailers. European stock markets regain ground after unexpected gains on Wall StreetLONDON — A stronger than anticipated opening on Wall Street helped Europe’s main stock markets recoup losses Thursday despite big selling in Asia earlier. Wall Street modestly higher despite worse-than-expected unemployment reportNEW YORK — Hard-hit retail stocks drew investors into the market Thursday after some profit reports weren’t as bad as feared. Stock futures mostly lower after worse-than-expected unemployment reportNEW YORK — Stock futures pointed toward a mostly lower opening Thursday after a worse-than-expected report on unemployment benefit claims reinforced worries about the timing of an economic recovery. Retail sales fall for second straight month in April, raising doubts about recoveryWASHINGTON — Retail sales fell for a second straight month in April, a disappointing performance that raised doubts about whether consumers were regaining their desire to shop. A rebound in consumer demand is a necessary ingredient for ending the recession. World markets up modestly ahead of key US retail dataLONDON — World stock markets were mostly higher Wednesday after Wall Street rallied towards the end of the previous day, though investors remained cautious ahead of key U.S. consumer news. Wall Street fluctuates after sell-off; investors look for next catalyst for 2-month rallyNEW YORK — Investors searching for fuel to extend a two-month rally are finding little reason to step into the market. Oil well above $59 as investors bet worst of US recession overVIENNA — Oil prices rose well above $59 a barrel on Tuesday, boosted by investor hopes that the U.S. recession may have bottomed out. Carrefour plans to revamp French hypermarkets in bid to gain market sharePARIS — Carrefour SA said Monday it plans to rethink and renovate its 220 French hypermarkets to gain market share and win over an increasingly cash-conscious clientele in its home country of France. Target’s activist shareholder to hold town meeting to press case for a new slate of directorsNEW YORK — Less than three weeks ahead of what’s expected to be a heated proxy contest at Target’s annual shareholders’ meeting, activist shareholder William Ackman aims to strengthen his case to investors for a new slate of directors by personally introducing his roster at a town hall meeting here Monday. Cut-and-dry theft cases in North Dakota stalled by rules protecting food stamp recipientsBISMARCK, N.D. — John Schweitzer swiped his credit card, bagged his groceries and walked out of a Wal-Mart without his wallet. When he returned a moment later, it was gone. Oil rises to $58 as investors bet worst of economic downturn is overOil prices rose to $58 a barrel Friday as better than expected U.S. unemployment figures boosted the mood among investors betting that a year-end recovery in the global economy will help oil demand. Oil rises above $58 as investors bet on global economic recovery this yearHOUSTON — Oil prices climbed above $58 a barrel Thursday for the first time in nearly 6 months as the U.S. economy showed some signs of recovery, though analysts continue to search for fundamental reasons why energy prices are rising. Treasurys slide after weak response to 30-year long bond auction, upbeat weekly jobs reportNEW YORK — Treasury prices fell Thursday after weak demand at an auction for 30-year bonds unnerved investors. Stores post smaller sales declines in April as shoppers feel a little better about the economyNEW YORK — Consumers enticed by warmer weather and glimmers of hope for the economy bought a few more items in April, helping discounter Wal-Mart Stores and many mall clothing chains post better results for the month than expected. Layoffs may be easing but employers in no mood to hire as they cope with recessionWASHINGTON — Employers are letting up a bit on the mass layoffs they resorted to earlier this year to cope with the recession, but the unemployment rate is climbing because many businesses remain wary of hiring given all the economic and financial uncertainties. Oil prices rise again, briefly above $58 for the first time this yearHOUSTON — Oil prices continued to rise Thursday and climbed above $58 a barrel for the first time in nearly six months as the U.S. economy showed some signs of recovery. Still, oil analysts continue to search for fundamental reasons as to why energy prices have risen to current levels. Wal-Mart Stores same-store sales rise 5 percent in April, ahead of expectationsBENTONVILLE, Ark. — Wal-Mart Stores Inc., the world’s largest retailer, said Thursday that sales of Easter merchandise and higher traffic helped April same-store sales rise 5 percent, ahead of expectations. Wall Street locks in gains after rally in financials; Weak bond auction stirs worriesNEW YORK — Investors might think the economy is stabilizing but they’re not ready to celebrate. Traders say ’sell’ as weak bond auction stirs worries about government financingNEW YORK — Weak demand at a Treasury bond auction touched off worries in the stock market Thursday about the government’s ability to raise funds to fight the recession. ‘Class of Katrina’ is graduating from college, 4 years after storm hit; ‘It made us closer’NEW ORLEANS — In the months after Hurricane Katrina swamped the University of New Orleans campus in August 2005, the basketball team practiced at a school six hours away in Texas and played almost its entire season on the road, winning just three games. AP IMPACT: Mexico holds huge stash of seized weapons, but it makes tracing weapons painstakingMEXICO CITY — Deep inside a heavily guarded military warehouse, the evidence of Mexico’s war on drug cartels is stacked two stories high: tens of thousands of seized weapons, from handguns and rifles to AK-47s, some with gun sights carved into the shape of a rooster or a horse’s head. Wal-Mart agrees to pay $2M to avoid charges in probe of stampede death at Long Island storeMINEOLA, N.Y. — Wal-Mart agreed Wednesday to pay nearly $2 million and improve safety at its 92 New York stores as part of a deal with prosecutors that avoids criminal charges in the trampling death of a temporary worker. Ballot measure could bring package alcohol sales to Lubbock, Texas’ largest dry cityLUBBOCK, Texas — When Prohibition was lifted way back in 1933, Texas was a little reluctant to go along with the trend. |
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