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LATEST BUSINESS, FINANCE AND MARKET NEWS

  • Top economist Jagdish Bhagwati eyes role in Modi government

    Eminent Indian-born economist Jagdish Bhagwati, who is positioning himself to advise Narendra Modi if the opposition leader becomes India's next prime minister, would urge him to allow more foreign investment and trade to spur slow growth and curtail government spending. Modi is favourite to … More »

    Reuters - 19 minutes ago
  • ICICI Bank fourth quarter profit up 15 percent, beats estimates

    ICICI Bank Ltd , India's biggest private sector lender by assets, posted a 15 percent rise in quarterly net profit, beating estimates, helped by a surge in demand for loans from retail customers and higher ... … More »

    Reuters - 32 minutes ago
  • Maruti Suzuki net profit falls 35.5 pct, misses estimate

    Maruti Suzuki Ltd , India's biggest carmaker, reported a 35.5 percent fall in fourth-quarter profit, missing estimates, as potential car buyers postponed their purchases and waited for a slowing economy ... … More »

    Reuters - 34 minutes ago
  • Sensex in red; oil and gas stocks slump

    Mumbai, April 25 (IANS) The benchmark Sensex index of the Indian stock markets fell 29 points Friday due to selling pressure in oil and gas and FMCG stocks on disappointing earnings of some companies. ... … More »

    IANS - 39 minutes ago
  • Nikkei edges up, inflation data keeps easing hopes alive

    Tokyo's Nikkei edged up on Friday, helped by a slightly lower-than-expected inflation print for April which reinforced some hopes for further monetary easing by the Bank of Japan. The Nikkei's gains were limited by weakness in other Asian bourses, notably Chinese shares, and as investors cut … More »

    Reuters - 1 hour 22 minutes ago
  • ACC, Ambuja slump on non-operational boost in earnings

    Reuters Market Eye - Shares in ACC Ltd and Ambuja Cements India Ltd fall even as their earnings beat forecasts as dealers say other income and tax credit contributed significantly to their net profits. ... … More »

    Reuters - 1 hour 30 minutes ago
  • Asian shares, dollar struggle on Ukraine anxiety

    Asian stocks stumbled on Friday and the dollar languished against a basket of currencies, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its … More »

    Reuters - 1 hour 35 minutes ago
  • NTT DoCoMo to sell Tata Teleservices stake if targets not achieved

    NTT DoCoMo to sell Tata Teleservices stake if targets not achieved

    Japan's NTT DoCoMo Inc said on Friday it would exercise the option to sell its 26.5 pct stake in Tata Teleservices Ltd by June if the Indian mobile phone joint venture failed to achieve performance targets ... … More »

    Reuters - 1 hour 38 minutes ago
  • Nokia to name Rajeev Suri as next CEO on Tuesday - report

    Nokia, which is set to close the sale of its phone business to Microsoft, will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday. Citing unnamed sources, daily Helsingin Sanomat said Nokia would also … More »

    Reuters - 2 hours 17 minutes ago
  • Cairn India slumps as Jan-March earnings disappoint

    Cairn India slumps as Jan-March earnings disappoint

    Reuters Market Eye - Shares in Cairn India Ltd (CAIL.NS) slump 4.5 percent as its net profit lags some analysts' estimates, especially after adjusting for other income. Cairn India's January-March net profit rose 18.4 percent to 30.35 billion rupees ($497.1 million) from a year earlier, the … More »

    Reuters - 2 hours 33 minutes ago
  • BSE Sensex edges lower after hitting record highs

    Reuters Market Eye - The BSE Sensex is down 0.11 percent, while the broader Nifty is 0.21 percent lower, after earlier marking their fourth consecutive record highs. The Sensex rose as much as 0.27 percent ... … More »

    Reuters - 2 hours 47 minutes ago
  • Japan's NTT DoCoMo to exit India telecoms joint venture - sources

    TOKYO/NEW DELHI (Reuters) - NTT DoCoMo Inc (9437.T), Japan's biggest telecom network by subscribers, will sell its stake in its loss-making Indian mobile phone joint venture to partner Tata Group, people with direct knowledge of the matter said on Friday. NTT DoCoMo will make a formal decision on … More »

    Reuters - 2 hours 51 minutes ago
  • Brent holds near 7-week high above $110 as Ukraine crisis worsens

    Brent futures held near seven-week highs above $110 a barrel on Friday as escalating tensions over Ukraine between top oil producer Russia and the West worsened supply disruption fears. Ukrainian forces killed up to five pro-Moscow rebels in what amounted to the first use of lethal force to … More »

    Reuters - 3 hours ago
  • Alstom's Indian units surge on report of sale talks

    Reuters Market Eye - Shares in Alstom SA's Indian units surge after Bloomberg reported on Wednesday that General Electric Co was in talks to buy the struggling French turbine and train maker parent for ... … More »

    Reuters - 3 hours ago
  • Gold holds near 2-1/2 month low as jewellers stay away; Ukraine eyed

    Gold slipped on Friday and held near its weakest level in more than two months on muted demand from jewellers as they waiting for a further drop in prices, although tensions in the Crimean peninsula could underpin the metal's safe-haven appeal. Gold bar premiums were mostly unchanged in Asia this … More »

    Reuters - 3 hours ago
  • Ambuja net profit up 6.6 percent, expects recovery after elections

    Ambuja net profit up 6.6 percent, expects recovery after elections

    Cement maker Ambuja Cements Ltd reported a forecast-beating 6.6 percent rise in quarterly profit on higher sales, and expects a revival in the economy after ongoing elections ending on May 16. "Although ... … More »

    Reuters - 3 hours ago
  • Rupee largely steady; shares, month-end dollar demand key

    Reuters Market Eye - The rupee is trading at 61.10/11 versus its previous close of 61.07/08 amid lack of any major triggers though month-end dollar demand from oil importers could push the pair higher ... … More »

    Reuters - 3 hours ago
  • Trend-setter Apple's stock split could bring out the copycats

    Apple has long been a trend-setter whose hot products attract imitators, and now its recent stock split might help revive a trend from the 1990s that has all but disappeared on Wall Street. On Wednesday, ... … More »

    Reuters - 4 hours ago
  • GM says facing multiple probes into recent recalls

    General Motors (GM.N) revealed on Thursday it is the subject of five different government probes related to its massive recalls, including two previously unreported investigations by the U.S. Securities and Exchange Commission and a state prosecutor. GM disclosed the probes in a regulatory filing … More »

    Reuters - 5 hours ago
  • Obama wraps up Japan visit after security pledge but no trade deal

    Obama wraps up Japan visit after security pledge but no trade deal

    U.S. President Barack Obama neared the end of a state visit to Japan on Friday during which he assured America's close ally that Washington would come to its defence but failed to clinch a trade deal vital to his promised "pivot" to Asia. Failure to reach a trade deal has delayed a joint statement … More »

    Reuters - 5 hours ago
  • 100-Square-Foot Cabin is a Kaleidoscopic Wonderland

    Photo via NYMag Plucked from New York magazine's annual Spring Design issue, which published this week, this technicolor dream of a microhome right outside Santa Fe, N.M. serves as a wee "reverse country house," for couple Linda and Jack Oldham—who... … More »

    Curbed - 6 hours ago
  • Asian shares struggle, dollar slips as Ukraine tensions rise

    Asian shares struggle, dollar slips as Ukraine tensions rise

    Asian stocks struggled to rise on Friday, as the impact of upbeat U.S. economic data and robust U.S. tech shares faced off against fears of an escalating Ukraine crisis that bolstered the safe-haven yen. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to … More »

    Reuters - 7 hours ago
  • Starbucks cafe sales heat up slightly in latest quarter

    The results from the world's biggest coffee chain came after McDonald's Corp (MCD.N), Dunkin' Donuts parent Dunkin' Brands (DNKN.O) and other major U.S. restaurant operators said last quarter's severe winter storms chilled results. Starbucks executives said the inclement weather also hit its … More »

    Reuters - 7 hours ago
  • Amazon's revenue increases even as spending rises

    Amazon's revenue increases even as spending rises

    Amazon.com Inc's (AMZN.O) revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses. Amazon's international unit, which accounts for 40 percent of sales, … More »

    Reuters - 8 hours ago
  • Microsoft beats Wall Street on new CEO debut

    Microsoft Corp's (MSFT.O) new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales. Microsoft shares are up about 8 percent since company veteran Satya … More »

    Reuters - 9 hours ago
  • Apple, Google agree to pay over $300 million to settle conspiracy lawsuit

    Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin. The … More »

    Reuters - 10 hours ago
  • Explore a Wright-Designed Office in This Hokey Old Newsreel

    Photo via Arch Daily British newsreel service British Pathe recently uploaded a huge cache of vintage newsreels to its YouTube channel, and we all know what that means. Time to listen to an Englishman marvel at the Frank Lloyd Wright-designed... … More »

    Curbed - 10 hours ago
  • Alstom shares jump on report of $13 bln GE bid

    Shares of Alstom (ALSO.PA) jumped 10.9 percent on Thursday after a report that U.S. conglomerate General Electric (GE.N) was in talks to buy the struggling French turbine and train maker for about $13 billion. The companies may announce the deal as early as next week, Bloomberg cited people with … More »

    Reuters - 10 hours ago
  • Apple, Google agree to settle lawsuit alleging hiring conspiracy

    Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin. The settlement was disclosed in a court filing on Thursday, which did not … More »

    Reuters - 11 hours ago
  • Inside the 2014 San Francisco Decorator Showcase

    Click here to view the full photogallery.Photos by Patricia Chang/Curbed SF This year, the hotly anticipated San Francisco Decorator Showcase—the biggest design event in the city, to be sure—celebrated its 37th anniversary with rooms festooned by 26 design studios.... … More »

    Curbed - 11 hours ago
  • Buy Prince's Fittingly Flamboyant Spanish Villa for $7.75M

    Ever since one of Prince's landlords filed suit claiming he had violated the terms of his lease by installing monogrammed purple carpeting and painting the house with purple stripes, it's been a bit of a letdown to hear that... … More »

    Curbed - 11 hours ago
  • Ban on Tesla's direct-to-consumer sales 'bad policy': FTC officials

    In an unusual move, three top officials with the U.S. Federal Trade Commission on Thursday expressed their opposition to laws that ban automakers such as Tesla Motors Inc from selling their cars directly to consumers. Laws that ban auto manufacturers from selling their own products are "bad … More »

    Reuters - 11 hours ago
  • Austin Modern With Replica Cadillac Showroom Asks $1.6M

    Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We'd love to see what you've got. Click here to view the full... … More »

    Curbed - 12 hours ago
  • Tour the Arresting Interiors of the World's Top Meeting Rooms

    The Federal Parliament Building in Bern, Switzerland. Photo by Luca Zanier/Wired How much did the outcome of the Cuban Missile Crisis depend on the decor of the Situation Room? An open question, to be sure, but Swiss photographer Luca Zanier... … More »

    Curbed - 12 hours ago
  • L.A.'s 'Design, Bitches' on Building Vegan Centers, Designing Ice Cream Menus, and Why They Owe Their Name to the AIA

    Coolhaus Pasadena. Photos via Design, Bitches With a studio name like Design, Bitches Los Angeles architects Catherine Johnson and Rebecca Rudolph get an unconscionably hip set of projects: Bauhaus-inspired ice cream parlors, rehabbed auto body warehouses now serving buttermilk drop... … More »

    Curbed - 12 hours ago
  • 'Being Minimalist is Not an Option' in This Florida Townhouse

    Photo via Houzz Antiques dealer Charlsie Shine first encountered her current home by chance, stopping by to buy a vintage mirror from the then-owners, and subsequently falling in love with the place. About a year later, when the 1980s townhouse... … More »

    Curbed - 12 hours ago
  • Alert! Curbed's Hiring a Social Media Editor. Is it You?

    Effective immediately, Curbed is on the hunt for a full-time social media editor to join our growing team at the HQ here in New York. Interested? Read on. Curbed is looking for a social media master to oversee all social... … More »

    Curbed - 12 hours ago
  • Apple lifts Nasdaq; Ukraine drags on broader market

    The Nasdaq rose modestly in choppy trade on Thursday as Apple's shares rallied a day after the iPad maker's strong results, though tensions in Ukraine held back the broader market. Caterpillar Inc (CAT.N) shares jumped nearly 2 percent and helped limit the Dow’s loss after the world's largest … More »

    Reuters - 13 hours ago
  • Johnson's Glass House Stages a Misty Disappearing Act

    Photo via Design Boom Starting in May, Philip Johnson's Glass House, that venerated icon of pared-back modernism, will change its game from utter transparency to smoke and mirrors, following in the footsteps of disappearing homes the world over. In recent... … More »

    Curbed - 13 hours ago
  • Pink Estate 'Steeped in History and Folklore' Wants $2.749M

    Click here to view the full photogallery. Built in 1815 for Covington, Kentucky founder Thomas D. Carneal, this opulent, Federal-style mansion is newly on the market for $2.749M. While The Carneal House counts itself as one of the oldest... … More »

    Curbed - 13 hours ago
  • Met office sees below-average monsoon in 2014

    Met office sees below-average monsoon in 2014

    India is likely to have below-average monsoon rainfall in 2014, raising the possibility that drought could stoke inflation and hit a sluggish economy dependent on the elements because half the country's farmland lacks irrigation. To cut dependence on rains, India plans to expand irrigated farmland … More »

    Reuters - 14 hours ago
  • Japan's NTT Docomo to exit Indian market - Nikkei

    REUTERS - Japan's NTT DoCoMo Inc will unload its 26 percent stake in its loss-making Indian mobile phone joint venture, Tata Teleservices Ltd, and withdraw from the country, the Nikkei newspaper reported. ... … More »

    Reuters - 14 hours ago
  • Here's a Barn Reno Made Possible By Antiques and Disco Balls

    Photo by Luke White/Elle Decor When it was built in 1927, this barn in England's Suffolk region provided milk and cheese for the Royal Hospital School. It also, oddly enough, won design awards. Its boast as one of the first... … More »

    Curbed - 14 hours ago
  • Bootleggers' Homes; Reborn Philly Mansions; More!

    Photo via Curbed Philly · Reborn Chestnut Hill mansion literally rose from the ashes. · Inside the enormous Istanbul Airport by Grimshaw, Nordic, and Haptic. · West Village duplex with helix staircase wants $4.25M. · How to become a Legoland... … More »

    Curbed - 15 hours ago
  • Sri Lanka opposition protest to block Packer's casino plans

    Hundreds of Sri Lankan opposition party members held a protest march in Colombo on Thursday, calling on the government to stop Australian gambling tycoon James Packer from opening casinos in hotel projects planned by his Crown Resorts group. President Mahinda Rajapaksa's coalition government holds … More »

    Reuters - 16 hours ago
  • Air India to lease aircraft to generate cash

    New Delhi, April 24 (IANS) In a bid to generate extra revenue, the cash-strapped national carrier Air India Thursday sought to lease 14 old Airbus A320 aircraft. The company issued a tender for dry-lease bid for the A320 aircraft for a maximum six years. The new bid number should also be around … More »

    IANS - 17 hours ago
  • India faces below normal monsoon under El Nino effect

    New Delhi, April 24 (IANS) Monsoon rainfall in India this year is likely to be below average and there is a 60 percent chance that El Nino will affect farm output and economic growth, the weather office said Thursday. Average rainfall during the 2014 monsoon season (June to September) across the … More »

    IANS - 18 hours ago
  • Infotech's net up by 15 percent

    Hyderabad, April 24 (IANS) Infotech enterprises, a Hyderabad-based engineering solutions provider, Thursday said its net profit during 2013-14 stood at Rs.266 crore, an increase of 15 percent over last fiscal. Infotech chairman B.V.R. Mohan Reddy told reporters that the firm registered a revenue … More »

    IANS - 18 hours ago
  • India may witness below normal monsoon rainfall

    New Delhi, April 24 (IANS) India is likely to witness below average monsoon rainfall in 2014 that will affect farm output and economic growth, the government's weather office said Thursday. Rainfall during the 2014 monsoon season (June to September) averaged over the country as a whole is likely … More »

    IANS - 18 hours ago
  • 69 percent cyber attacks targeted at large companies in India: Report

    New Delhi, April 24 (IANS) Despite stepped up information security measures, businesses in India continue to be an attractive target for cybercriminals with as many as 69 percent targeted attacks being focused on large enterprises, a report said here Thursday. In India, cyber criminals are … More »

    IANS - 19 hours ago
  • IGIA to become zero-diversionary by October: Committee

    New Delhi, April 24 (IANS) The Indira Gandhi International Airport (IGIA) is set to become a zero-diversionary airport by October as the government is set to implement the recommendations set out by an expert committee which was formed to look into the matter. According to the Civil Aviation … More »

    IANS - 19 hours ago
  • Air India seeks to lease 14 Airbus A320 aircraft

    Air India Ltd [AIN.UL] is seeking to lease 14 Airbus A320 aircraft, according to a tender document posted on the state-run carrier's website. Air India has asked for bids for up to six-year-old A320 aircraft ... … More »

    Reuters - 19 hours ago
  • Debit cards with an extended credit limit!

    The use of plastic money and the increasing popularity of such formats have revolutionized the way payments are made and received. The most popular types of plastic … Read more » … More »

    Bankbazaar.com - 21 hours ago
  • Nokia says India plant unlikely to be part of Microsoft deal

    Nokia says India plant unlikely to be part of Microsoft deal

    Nokia said that due to an ongoing tax dispute, its Indian mobile phone handset plant was unlikely to be included in a deal due to be concluded on Friday for the sale of its global handset business to Microsoft. Nokia will instead operate the factory as a contract manufacturing unit for Microsoft … More »

    Reuters - 21 hours ago
  • Asia FX sentiment less optimistic as yuan stays weak: Reuters Poll

    Sustained weakness in the Chinese yuan has soured sentiment on emerging Asian currencies while views on the Singapore dollar turned negative in the past two weeks, a Reuters poll showed on Thursday. Growing pessimism on the Chinese currency weighed on other emerging Asian currencies as they tend … More »

    Reuters - 23 hours ago
  • Bond market's take on Indian election outcome

    This, on expectations that Narendra Modi, the prime ministerial candidate of the main opposition party, the BJP, will head the next federal government. The mood is supremely bullish in the equities market and the common joke doing the rounds on Dalal Street is that the fair value of the Sensex is … More »

    IANS - 23 hours ago
  • Juicy Apple buoys global shares

    Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. The gains were boosted by the region's tech stocks and come after iPhone giant Apple (AAPL.O) reported … More »

    Reuters - Thu 24 Apr, 2014 1:52 PM IST
  • Russian JV venture promises to end India's butyl rubber import

    New Delhi, April 24 (IANS) India's $360 million imports of synthetic butyl rubber, used mainly to make tyres, may soon be rendered unnecessary after a Russian joint venture with Reliance Industries starts production end-2015, a top official has said. Russian gas processing and petrochemicals major … More »

    IANS - Thu 24 Apr, 2014 1:12 PM IST
  • Unilever first quarter sales rise despite later Easter

    Consumer goods maker Unilever reported higher first-quarter underlying sales on Thursday, despite a later Easter holiday that pushed some food sales into the second quarter. The Anglo-Dutch company said ... … More »

    Reuters - Thu 24 Apr, 2014 1:02 PM IST
  • Bharti Infratel's fourth quarter net up 64 percent

    New Delhi, April 24 (IANS) Telecom tower provider Bharti Infratel's net profit for the fourth quarter (January-March) of 2013-14 jumped by 64 percent, a company statement said here Thursday. The company ... … More »

    IANS - Thu 24 Apr, 2014 12:56 PM IST
  • Securing your future with best-suited insurance policy

    Thus begins your hunt for a financial tool that offers the most competitive return and stability. It plays the role of income-replacement by offering financial protection. It also provides stability and completeness to an individual's financial planning, drawn by taking into account the present … More »

    IANS - Thu 24 Apr, 2014 11:26 AM IST
  • Hyundai Motor Q1 profit unchanged; misses estimates

    South Korea's Hyundai Motor Co on Thursday missed analyst estimates by posting nearly flat net profit, as lacklustre U.S. performance offset increased sales in Korea and China. Hyundai, the world's fifth-biggest ... … More »

    Reuters - Thu 24 Apr, 2014 10:51 AM IST
  • Apple resets the clock as investors await next big thing

    Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had expected. To top it all off, Apple unveiled a 7-for-1 stock split that should go down well with … More »

    Reuters - Thu 24 Apr, 2014 10:32 AM IST
  • Bharti Infratel Q4 net profit jumps 64 percent

    Bharti Infratel Q4 net profit jumps 64 percent

    Telecommunications tower operator Bharti Infratel Ltd reported a 64 percent jump in its quarterly profit, beating estimates on higher revenue from leasing mobile phone masts to phone carriers. Bharti Infratel, ... … More »

    Reuters - Thu 24 Apr, 2014 9:58 AM IST
  • Facebook Q1 revenue grows 72 percent on rising mobile ads

    Facebook Q1 revenue grows 72 percent on rising mobile ads

    Facebook Inc's (FB.O) mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday. Facebook said that … More »

    Reuters - Thu 24 Apr, 2014 9:58 AM IST
  • Apple expands buybacks by $30 billion, OKs 7-for-1 stock split

    Apple expands buybacks by $30 billion, OKs 7-for-1 stock split

    Apple Inc (AAPL.O) has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had … More »

    Reuters - Thu 24 Apr, 2014 9:57 AM IST
  • Apple shares reach 2014 highs, Asian stocks lag

    Apple shares reach 2014 highs, Asian stocks lag

    Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer on the news. South Korea's Samsung Electronics did gain 0.6 percent but the main KOSPI index dipped … More »

    Reuters - Thu 24 Apr, 2014 9:52 AM IST
  • Indian markets closed on Thursday for elections

    Indian debt, currency and equity markets will be closed on Thursday as Mumbai takes part in the five-week long Parliament election process set to conclude in mid-May. Trading will resume on Friday. The ... … More »

    Reuters - Thu 24 Apr, 2014 9:25 AM IST
  • White House considers former banking lawyer for Fed board - sources

    NEW YORK/WASHINGTON (Reuters) - A former lawyer with the American Bankers Association is being considered by the White House as a possible nominee to the board of the Federal Reserve, according to sources familiar with the efforts The lawyer's name emerged as the White House weighs candidates with … More »

    Reuters - Thu 24 Apr, 2014 8:19 AM IST
  • Beachfront Stunner By a High-Society Standby Wants $45M

    Click here to view the full photogallery. Though some Florida homes by upper-upper-crust society architect Maurice Fatio have been torn down and replaced with huge new contemporaries, many are still receiving ritzy renovations and commanding astronomical asks. The latest... … More »

    Curbed - Thu 24 Apr, 2014 7:29 AM IST
  • Buffett: moving oil by rail safely major industry concern

    Warren Buffett, chairman of conglomerate Berkshire Hathaway (BRKa.N), said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline … More »

    Reuters - Thu 24 Apr, 2014 7:05 AM IST
  • Motorola's New HQ Could Not Be Pinker or Sparklier

    Photo via Curbed Chicago Created by the Global Gensler firm—with maybe a few design pointers taken from some very girly middle schools—the extremely pretty new Motorola HQ is a vision of bright pink, sparkling neon signs, and quirky, interactive hangout... … More »

    Curbed - Thu 24 Apr, 2014 6:45 AM IST
  • Eames and Saarinen Should've Decorated the Star Trek Set

    Watch one episode of the original Star Trek—heck, watch one minute of the show—and it's clear how much the 1960s Space Age aesthetic, one marked by Googie architecture and post-war car culture, inspired its set designers. Still, the midcentury... … More »

    Curbed - Thu 24 Apr, 2014 6:30 AM IST
  • Asia markets: Tech sector brightens as Apple jumps 8 percent

    Asian markets could get a lift on Thursday after tech heavyweights Apple and Facebook beat Wall Street expectations, sending their stock up sharply and boosting Nasdaq futures. The Nasdaq futures were up 1 percent and the S&P 500 0.3 percent. Sentiment on the tech sector brightened after Apple … More »

    Reuters - Thu 24 Apr, 2014 6:11 AM IST
  • India may cede top rice exporter spot under Southeast Asian price onslaught

    India's rice exports could slide by nearly a quarter this year and knock the country off its perch as top exporter of the grain due to stiff competition from Southeast Asian rivals that have recently slashed prices, Indian industry executives said. A drop in Indian exports could help Thailand trim … More »

    Reuters - Thu 24 Apr, 2014 6:01 AM IST
  • Catherine Deneuve Lists Resplendent French Chateau for $5.5M

    Click here to view the full photogallery. For the past few decades, when Catherine Deneuve wasn't hanging out with princes and spending time at her L.A. mansion (which, fun fact, later housed multiple ABBA members and a hippie cult),... … More »

    Curbed - Thu 24 Apr, 2014 6:00 AM IST
  • Apple slice: Share split makes joining the Dow more likely

    Apple slice: Share split makes joining the Dow more likely

    The iPhone maker's market value has stood high above most U.S. corporations' for a few years, yet Apple still isn't a component of that blue-chip stock benchmark. That is because the Dow weighs its 30 components by price, so a $500 stock would overwhelm the index. A seven-for-one stock split that … More »

    Reuters - Thu 24 Apr, 2014 4:23 AM IST
  • Green groups urge U.S. to drop solar trade case against India

    Environmental groups urged the United States on Wednesday to drop a challenge to India's massive solar program and said the World Trade Organization case would only hurt the growth of renewable energy resources. The United States is taking action at the WTO over the domestic content requirements … More »

    Reuters - Thu 24 Apr, 2014 3:48 AM IST
  • Apple expands buybacks by $30 billion

    Apple expands buybacks by $30 billion

    Apple Inc (AAPL.O) has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had … More »

    Reuters - Thu 24 Apr, 2014 2:46 AM IST
  • Eco-Friendly Prefab House Fits Together Like a 3D Puzzle

    In It's Not Easy Being Green, Curbed pulls back the curtain on cutting-edge, environmentally friendly design, from urban passive houses to green tweaks on suburban living. Have a suggestion for an upcoming column? Pass it along. Photo via Remodelista Despite... … More »

    Curbed - Thu 24 Apr, 2014 2:30 AM IST
  • 65 Shots of Concrete Houses Not at All Like Parking Garages

    Click here to view the full photogallery. Raw concrete buildings have come a long way since Brutalist architects started rattling them out in the '50s. No longer reserved for government pseudo-fortresses and parking structures, architects from Chile to Japan... … More »

    Curbed - Thu 24 Apr, 2014 1:30 AM IST
  • $2.8M Carolina 'Villa' Boasts Taxidermy and a Chicken Coop

    Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We'd love to see what you've got. Click here to view the full... … More »

    Curbed - Thu 24 Apr, 2014 12:30 AM IST
  • Wall St slips after six-day S&P run; biotechs drop

    U.S. stocks declined on Wednesday after a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. AT&T Inc fell 3.6 percent to $35 a day after the Dow component reported adjusted earnings that beat expectations by a penny, though that … More »

    Reuters - Thu 24 Apr, 2014 12:03 AM IST
  • Clocking in With Stylist Gregory Bissonnette: Go Behind the Scenes on House Beautiful's May 2014 Cover Shoot

    Welcome back to Clocking In, a video series in which Curbed explores one individual's artistic contributions to the great, wide "wheel" of design; in other words, cool stuff cool people create. Care to nominate someone noteworthy? Do send a... … More »

    Curbed - Wed 23 Apr, 2014 11:30 PM IST
  • Gold flat, holds above key support after U.S. housing data

    NEW YORK/LONDON (Reuters) - Gold prices were little changed on Wednesday, holding above a key technical support near $1,275 an ounce, though the metal is vulnerable to further losses as investor demand remains slack, analysts said. The bullion market found some support after Commerce Department … More »

    Reuters - Wed 23 Apr, 2014 11:27 PM IST
  • How America's Oldest Baseball Fields Prepare for the Future

    The smell of freshly cut grass, the warm burst of the summer sun, and Cracker Jacks: baseball is here. We like our baseball drenched in nostalgic Americana. We call franchises "storied." We remember lineups and stats from our favorite... … More »

    Curbed - Wed 23 Apr, 2014 10:30 PM IST
  • Live Out Your Retro-Future Dreams in a Prefab Bubble House

    Photo via Gizmodo Dreamed up by architect and urban design theorist Jean Maneval and presented in theoretical model to France's Salon Des Arts Ménagers in 1956, the Maison Bulle à Six Coques (which literally translates to "Six-Shell Bubble House") could... … More »

    Curbed - Wed 23 Apr, 2014 9:30 PM IST
  • India to make May-July oil payments to Iran - sources

    India is set to pay Iran $1.65 billion over the next three months under an interim nuclear deal that eases sanctions on Tehran and gives it access to $4.2 billion in blocked funds, four sources with knowledge of the matter said. As long as Tehran complies with the terms of its preliminary … More »

    Reuters - Wed 23 Apr, 2014 8:59 PM IST
  • $4.5 Wine Country Estate Offers a 'Personal Form of Heaven'

    Click here to view the full photogallery. Inspired by a client's relatively open-ended request for "an easy-living space that incorporated the color blue," Calif.-based architect Juan Carlos Fernandez built this modern Casa Cielo Azul (or the Blue Sky Home)... … More »

    Curbed - Wed 23 Apr, 2014 8:30 PM IST
  • Gold edges off 2-1/2-month low as dollar, stocks ease

    Gold edged up on Wednesday from a 2-1/2-month low hit in the previous session as a softer tone to equities and the dollar helped arrest its slide, though the metal is vulnerable to further losses as investor demand remains slack. Spot gold was up 0.1 percent at $1,283.60 an ounce at 1419 GMT, … More »

    Reuters - Wed 23 Apr, 2014 8:22 PM IST
  • Wall Street edges lower following six-day S&P rally

    U.S. stocks edged lower on Wednesday as strong results from Boeing failed to inspire investors to keep pushing equities higher following six straight days of gains. Better-than-expected corporate earnings ... … More »

    Reuters - Wed 23 Apr, 2014 8:19 PM IST
  • UltraTech Cement Q4 net up 15 pct on cost controls

    UltraTech Cement Q4 net up 15 pct on cost controls

    UltraTech Cement Ltd (ULTC.NS) reported a forecast-beating 15 percent rise in net profit for the January-March quarter as India's largest cement maker kept a lid on rising costs. "Optimisation of fuel mix and other initiatives helped in maintaining costs almost at the previous year levels," … More »

    Reuters - Wed 23 Apr, 2014 7:25 PM IST
  • Wockhardt says Himachal Pradesh drug regulator suspends product

    Indian drugmaker Wockhardt Ltd, which has been hit by a slew of overseas regulatory rebukes due to poor production quality, said the regulator in Himachal Pradesh has suspended the manufacture and sale of a product. The state's drug controller suspended the manufacture, sale or distribution of … More »

    Reuters - Wed 23 Apr, 2014 7:15 PM IST
  • DLF leases 3 million sq ft office space in 2013-14

    New Delhi, April 23 (IANS) India's largest real estate developer DLF Wednesday said it leased out three million sq ft of office space in the financial year ended March 31, 2014. Of the three million sq ft it leased out, a record 1.7 million sq ft has been leased out in Gurgaon alone, the company … More »

    IANS - Wed 23 Apr, 2014 7:08 PM IST
  • Global share rally peters out, euro lifted by PMI boost

    Global share rally peters out, euro lifted by PMI boost

    European shares edged down on Wednesday after three days of gains as signs of a slowing Chinese economy and rising worries about Ukraine offset reassuring European economic data. U.S. stock futures also pointed to a subdued start for Wall Street on a heavy day of company earnings as well as U.S. … More »

    Reuters - Wed 23 Apr, 2014 6:47 PM IST
  • Procter & Gamble quarterly profit rises on home care sales

    Procter & Gamble quarterly profit rises on home care sales

    Procter & Gamble Co , the world's largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products sales and better cost control. ... … More »

    Reuters - Wed 23 Apr, 2014 6:38 PM IST
  • Beach Cottages For Sale; Austria's Stunning Mountain Villas

    Photo via Automatism · A Kansas city energy plant converted into performance hall. · Look inside the Bronx's crumbling 'Castle on the Concourse'. · How much for this Montauk oceanview house? · A seductive abstraction: architecture & photography's tacit pact.... … More »

    Curbed - Wed 23 Apr, 2014 6:30 PM IST
  • DGCA allows in-flight use of electronic devices

    New Delhi, April 23 (IANS) In a major air safety reform, the aviation regulator Wednesday allowed the use of electronic devices, including mobile phones, during flights. "The use of portable electronic devices (PEDs) shall be in the non-transmitting mode commonly called flight mode," the … More »

    IANS - Wed 23 Apr, 2014 6:18 PM IST
  • Paris Motor Show woes Indian visitors

    New Delhi, April 23 (IANS) The world's oldest automobile exhibition - the Paris Motor Show - expects to attract more Indian tourists and visitors at this year's edition, its organisers said Wednesday. "We expect to attract more Indian visitors, exhibitors and want to promote the show in India. We … More »

    IANS - Wed 23 Apr, 2014 6:02 PM IST
  • Delhi HC asks why coins with Vaishno Devi image issued

    New Delhi, April 23 (IANS) The Delhi High Court Wednesday questioned the issuance of Rs.5 denomination coins with the image of Mata Vaishno Devi embossed on the reverse, saying it "may create problem if members of other community raise the issue". A division bench of Chief Justice G. Rohini and … More »

    IANS - Wed 23 Apr, 2014 6:02 PM IST
  • Top economist Jagdish Bhagwati eyes role in Modi government Reuters - 19 minutes ago

    Eminent Indian-born economist Jagdish Bhagwati, who is positioning himself to advise Narendra Modi if the opposition leader becomes India's next prime minister, would urge him to allow more foreign investment and trade to spur slow growth and curtail government spending. Modi is favourite to become prime minister for the Hindu nationalist Bharatiya Janata Party (BJP), which has a strong lead in opinion polls. For the first time addressing his potential role in a Modi government, Bhagwati, known as the most famous living economist never to win a Nobel prize, told Reuters he saw himself on an external council advising the prime minister. In a possible sign of the influence of Bhagwati's brand of free-market thinking, he said his pro-growth protege Arvind Panagariya was a strong candidate for the more hands-on role of chief economist to the prime minister, if Modi is elected. More »

  • ICICI Bank fourth quarter profit up 15 percent, beats estimates Reuters - 32 minutes ago

    ICICI Bank Ltd , India's biggest private sector lender by assets, posted a 15 percent rise in quarterly net profit, beating estimates, helped by a surge in demand for loans from retail customers and higher ... More »

  • Maruti Suzuki net profit falls 35.5 pct, misses estimate Reuters - 35 minutes ago

    Maruti Suzuki Ltd , India's biggest carmaker, reported a 35.5 percent fall in fourth-quarter profit, missing estimates, as potential car buyers postponed their purchases and waited for a slowing economy ... More »

  • Sensex in red; oil and gas stocks slump IANS - 39 minutes ago

    Mumbai, April 25 (IANS) The benchmark Sensex index of the Indian stock markets fell 29 points Friday due to selling pressure in oil and gas and FMCG stocks on disappointing earnings of some companies. ... More »

  • Nikkei edges up, inflation data keeps easing hopes alive Reuters - 1 hour 22 minutes ago

    Tokyo's Nikkei edged up on Friday, helped by a slightly lower-than-expected inflation print for April which reinforced some hopes for further monetary easing by the Bank of Japan. The Nikkei's gains were limited by weakness in other Asian bourses, notably Chinese shares, and as investors cut positions ahead of the weekend. More »

  • ACC, Ambuja slump on non-operational boost in earnings Reuters - 1 hour 30 minutes ago

    Reuters Market Eye - Shares in ACC Ltd and Ambuja Cements India Ltd fall even as their earnings beat forecasts as dealers say other income and tax credit contributed significantly to their net profits. ... More »

  • Asian shares, dollar struggle on Ukraine anxiety Reuters - 1 hour 35 minutes ago

    Asian stocks stumbled on Friday and the dollar languished against a basket of currencies, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. President Barack Obama was expected to speak to European leaders on Friday to try to nudge the European Union towards fresh sanctions against Russia, sources familiar with the matter said. Ukrainian forces killed up to five pro-Russia separatists on Thursday and Russia conducted army drills near the border, raising fears its troops would invade. More »

  • NTT DoCoMo to sell Tata Teleservices stake if targets not achieved
    NTT DoCoMo to sell Tata Teleservices stake if targets not achieved Reuters - 1 hour 38 minutes ago

    Japan's NTT DoCoMo Inc said on Friday it would exercise the option to sell its 26.5 pct stake in Tata Teleservices Ltd by June if the Indian mobile phone joint venture failed to achieve performance targets ... More »

  • Nokia to name Rajeev Suri as next CEO on Tuesday - report Reuters - 2 hours 17 minutes ago

    Nokia, which is set to close the sale of its phone business to Microsoft, will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday. Citing unnamed sources, daily Helsingin Sanomat said Nokia would also on Tuesday, along with its first-quarter results, announce how much cash it would pay out to shareholders. Investors have been looking forward to hearing about Nokia's next steps since it announced the 5.4 billion euro ($7.5 billion) Microsoft deal in September. Nokia said earlier this week it expected the deal to close on Friday after the companies had agreed to modify certain deal conditions. More »

  • Cairn India slumps as Jan-March earnings disappoint
    Cairn India slumps as Jan-March earnings disappoint Reuters - 2 hours 33 minutes ago

    Reuters Market Eye - Shares in Cairn India Ltd (CAIL.NS) slump 4.5 percent as its net profit lags some analysts' estimates, especially after adjusting for other income. Cairn India's January-March net profit rose 18.4 percent to 30.35 billion rupees ($497.1 million) from a year earlier, the company said in a statement after the market close on Wednesday. The oil and gas explorer's net profit was helped by a more than fourfold jump in other income to 3.20 billion rupees from a year earlier. More »

  • BSE Sensex edges lower after hitting record highs Reuters - 2 hours 47 minutes ago

    Reuters Market Eye - The BSE Sensex is down 0.11 percent, while the broader Nifty is 0.21 percent lower, after earlier marking their fourth consecutive record highs. The Sensex rose as much as 0.27 percent ... More »

  • Japan's NTT DoCoMo to exit India telecoms joint venture - sources Reuters - 2 hours 51 minutes ago

    TOKYO/NEW DELHI (Reuters) - NTT DoCoMo Inc (9437.T), Japan's biggest telecom network by subscribers, will sell its stake in its loss-making Indian mobile phone joint venture to partner Tata Group, people with direct knowledge of the matter said on Friday. NTT DoCoMo will make a formal decision on the sale of its 26.5 percent stake in Tata Teleservices Ltd at a board meeting on Friday, executives at the Japanese company said, without specifying a buyer. NTT DoCoMo had invested 266.7 billion yen ($2.61 billion) in Tata Teleservices in 2009. In India, an industry source familiar with the matter said the diversified Tata Group conglomerate would buy the stake, but did not specify a price. More »

  • Brent holds near 7-week high above $110 as Ukraine crisis worsens Reuters - 3 hours ago

    Brent futures held near seven-week highs above $110 a barrel on Friday as escalating tensions over Ukraine between top oil producer Russia and the West worsened supply disruption fears. Ukrainian forces killed up to five pro-Moscow rebels in what amounted to the first use of lethal force to recapture territory from the fighters, with the United States accusing Russia of trying to destabilise the region. Brent crude, set to post a third week of gains - the longest streak since one that ended in early September - rose 2 cents to $110.35 a barrel by 0406 GMT, after settling up $1.22. "There was use of military aggression by Ukraine against pro-Russian rebels and that has helped prop up prices," said Tan Chee Tat, investment analyst at Singapore's Phillip Futures. More »

  • Alstom's Indian units surge on report of sale talks Reuters - 3 hours ago

    Reuters Market Eye - Shares in Alstom SA's Indian units surge after Bloomberg reported on Wednesday that General Electric Co was in talks to buy the struggling French turbine and train maker parent for ... More »

  • Gold holds near 2-1/2 month low as jewellers stay away; Ukraine eyed Reuters - 3 hours ago

    Gold slipped on Friday and held near its weakest level in more than two months on muted demand from jewellers as they waiting for a further drop in prices, although tensions in the Crimean peninsula could underpin the metal's safe-haven appeal. Gold bar premiums were mostly unchanged in Asia this week, with a soft yuan curbing demand from top consumer China. Investors are now eyeing next week's U.S. Federal Reserve Open Market Committee's meeting on interest rates for trading cues. Spot gold eased $1.49 an ounce to $1,291.75 by 0345 GMT, hovering above a 2-1/2 month low of $1,268.24 reached on Thursday amid firmer equities and a weaker technical picture. More »

  • Ambuja net profit up 6.6 percent, expects recovery after elections
    Ambuja net profit up 6.6 percent, expects recovery after elections Reuters - 3 hours ago

    Cement maker Ambuja Cements Ltd reported a forecast-beating 6.6 percent rise in quarterly profit on higher sales, and expects a revival in the economy after ongoing elections ending on May 16. "Although ... More »

  • Rupee largely steady; shares, month-end dollar demand key Reuters - 3 hours ago

    Reuters Market Eye - The rupee is trading at 61.10/11 versus its previous close of 61.07/08 amid lack of any major triggers though month-end dollar demand from oil importers could push the pair higher ... More »

  • Trend-setter Apple's stock split could bring out the copycats Reuters - 4 hours ago

    Apple has long been a trend-setter whose hot products attract imitators, and now its recent stock split might help revive a trend from the 1990s that has all but disappeared on Wall Street. On Wednesday, ... More »

  • GM says facing multiple probes into recent recalls Reuters - 5 hours ago

    General Motors (GM.N) revealed on Thursday it is the subject of five different government probes related to its massive recalls, including two previously unreported investigations by the U.S. Securities and Exchange Commission and a state prosecutor. GM disclosed the probes in a regulatory filing after reporting earlier in the day that first-quarter profit tumbled 88 percent due to the recall. The five government investigations are from the U.S. Attorney's Office for the Southern District of New York, the SEC, the National Highway Traffic Safety Administration (NHTSA), a state attorney general, and Congress. GM did not specify which state attorney general is involved. More »

  • Obama wraps up Japan visit after security pledge but no trade deal
    Obama wraps up Japan visit after security pledge but no trade deal Reuters - 5 hours ago

    U.S. President Barack Obama neared the end of a state visit to Japan on Friday during which he assured America's close ally that Washington would come to its defence but failed to clinch a trade deal vital to his promised "pivot" to Asia. Failure to reach a trade deal has delayed a joint statement on security and economic ties that Obama and Prime Minister Shinzo Abe were expected to issue after their summit on Thursday. Obama and Abe had ordered their top aides to make a final push to reach a trade agreement but Economy Minister Akira Amari told reporters on Friday that gaps remained despite recent progress. Obama, who ends his three-day Japan state visit early on Friday and heads for South Korea, assured Japan that Washington was committed to its defence, including over tiny isles at the heart of a row with China, but denied he had drawn any new "red line" and urged peaceful dialogue over the dispute. More »

  • 100-Square-Foot Cabin is a Kaleidoscopic Wonderland Curbed - 6 hours ago

    Photo via NYMag Plucked from New York magazine's annual Spring Design issue, which published this week, this technicolor dream of a microhome right outside Santa Fe, N.M. serves as a wee "reverse country house," for couple Linda and Jack Oldham—who... More »

  • Asian shares struggle, dollar slips as Ukraine tensions rise
    Asian shares struggle, dollar slips as Ukraine tensions rise Reuters - 7 hours ago

    Asian stocks struggled to rise on Friday, as the impact of upbeat U.S. economic data and robust U.S. tech shares faced off against fears of an escalating Ukraine crisis that bolstered the safe-haven yen. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan was a few ticks higher in early trade, while Japan's Nikkei stock average skidded 0.5 percent as disappointment over a failed attempt to reach a U.S.-Japan trade pact weighed on sentiment. The two countries made progress in trade talks at a bilateral summit in Tokyo but did not reach the trade deal that they were hoping to seal, Economy Minister Akira Amari said on Friday. More »

  • Starbucks cafe sales heat up slightly in latest quarter Reuters - 7 hours ago

    The results from the world's biggest coffee chain came after McDonald's Corp (MCD.N), Dunkin' Donuts parent Dunkin' Brands (DNKN.O) and other major U.S. restaurant operators said last quarter's severe winter storms chilled results. Starbucks executives said the inclement weather also hit its business, but did not quantify the impact. Global sales at Starbucks cafes open at least 13 months were up 6 percent for the second quarter, versus analysts' average estimate of a 5.4 percent gain, according to Consensus Metrix. That figure included a 6 percent increase for the Americas region that contributes the majority of Starbucks' revenue. More »

  • Amazon's revenue increases even as spending rises
    Amazon's revenue increases even as spending rises Reuters - 8 hours ago

    Amazon.com Inc's (AMZN.O) revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses. Amazon's international unit, which accounts for 40 percent of sales, continued to be a drag as sales growth slowed to 18 percent during the quarter. Global unit sales, a closely watched measure of how many items Amazon has sold, also decelerated, rising only 23 percent. "A lot of the things that we've done - making sure that we have the right pricing in place on behalf of the customers, making sure that our service levels are where we need them to be - those are the things we continue to work on in China," Chief Financial Officer Tom Szkutak said during a conference call. More »

  • Microsoft beats Wall Street on new CEO debut Reuters - 9 hours ago

    Microsoft Corp's (MSFT.O) new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales. Microsoft shares are up about 8 percent since company veteran Satya Nadella took over as CEO in early February, and are up 19 percent since his predecessor Steve Ballmer announced plans to retire last August, easily outpacing the Standard & Poor's 500. Investors are excited about Nadella's focus on mobile and cloud, or Internet-based, computing, designed to take Microsoft beyond its traditional PC-based Windows business. "This quarter is a nice step in the right direction for Nadella and Microsoft," said Daniel Ives, an analyst at FBR Capital Markets. More »

  • Apple, Google agree to pay over $300 million to settle conspiracy lawsuit Reuters - 10 hours ago

    Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin. The settlement was disclosed in a court filing earlier on Thursday, which did not spell out terms. Tech workers filed a class action lawsuit against Apple Inc (AAPL.O), Google Inc (GOOGL.O), Intel Inc (INTC.O) and Adobe Systems Inc (ADBE.O) in 2011, alleging they conspired to refrain from soliciting one another's employees in order to avert a salary war. The case has been closely watched due to the potentially high damages award and a steady disclosure of emails in which Apple's late co-founder Steve Jobs, former Google CEO Eric Schmidt and some of their Silicon Valley rivals hatched plans to avoid poaching each other's prized engineers. More »

  • Explore a Wright-Designed Office in This Hokey Old Newsreel Curbed - 10 hours ago

    Photo via Arch Daily British newsreel service British Pathe recently uploaded a huge cache of vintage newsreels to its YouTube channel, and we all know what that means. Time to listen to an Englishman marvel at the Frank Lloyd Wright-designed... More »

  • Alstom shares jump on report of $13 bln GE bid Reuters - 10 hours ago

    Shares of Alstom (ALSO.PA) jumped 10.9 percent on Thursday after a report that U.S. conglomerate General Electric (GE.N) was in talks to buy the struggling French turbine and train maker for about $13 billion. The companies may announce the deal as early as next week, Bloomberg cited people with knowledge of the matter as saying late on Wednesday. If confirmed, a takeover offer from a foreign company would raise concern among politicians and unions in France, where Alstom employs around 18,000 people, or 20 percent of its global workforce. While Alstom is well known for both its transport and power turbine business, the latter is likely to be of most interest to GE, one person familiar with the industry said. More »

  • Apple, Google agree to settle lawsuit alleging hiring conspiracy Reuters - 11 hours ago

    Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin. The settlement was disclosed in a court filing on Thursday, which did not spell out terms. The case has been closely watched due to the potentially high damages award and a steady disclosure of emails in which Apple's late co-founder Steve Jobs, former Google CEO Eric Schmidt and some of their Silicon Valley rivals hatched plans to avoid poaching each other's prized engineers. Tech workers filed a class action lawsuit against Apple Inc (AAPL.O), Google Inc (GOOGL.O), Intel Inc (INTC.O) and Adobe Systems Inc (ADBE.O) in 2011, alleging they conspired to refrain from soliciting one another's employees in order to avert a salary war. More »

  • Inside the 2014 San Francisco Decorator Showcase Curbed - 11 hours ago

    Click here to view the full photogallery.Photos by Patricia Chang/Curbed SF This year, the hotly anticipated San Francisco Decorator Showcase—the biggest design event in the city, to be sure—celebrated its 37th anniversary with rooms festooned by 26 design studios.... More »

  • Buy Prince's Fittingly Flamboyant Spanish Villa for $7.75M Curbed - 11 hours ago

    Ever since one of Prince's landlords filed suit claiming he had violated the terms of his lease by installing monogrammed purple carpeting and painting the house with purple stripes, it's been a bit of a letdown to hear that... More »

  • Ban on Tesla's direct-to-consumer sales 'bad policy': FTC officials Reuters - 11 hours ago

    In an unusual move, three top officials with the U.S. Federal Trade Commission on Thursday expressed their opposition to laws that ban automakers such as Tesla Motors Inc from selling their cars directly to consumers. Laws that ban auto manufacturers from selling their own products are "bad policy" and outdated, the FTC officials said in a blog post. The authors were Andrew Gavil, director of the FTC's Office of Policy Planning; The views are their own and not those of the commission, the three said in the posting, which marked a rare occasion in which FTC officials weighed in directly to a dispute. More »

  • Austin Modern With Replica Cadillac Showroom Asks $1.6M Curbed - 12 hours ago

    Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We'd love to see what you've got. Click here to view the full... More »

  • Tour the Arresting Interiors of the World's Top Meeting Rooms Curbed - 12 hours ago

    The Federal Parliament Building in Bern, Switzerland. Photo by Luca Zanier/Wired How much did the outcome of the Cuban Missile Crisis depend on the decor of the Situation Room? An open question, to be sure, but Swiss photographer Luca Zanier... More »

  • L.A.'s 'Design, Bitches' on Building Vegan Centers, Designing Ice Cream Menus, and Why They … Curbed - 12 hours ago

    Coolhaus Pasadena. Photos via Design, Bitches With a studio name like Design, Bitches Los Angeles architects Catherine Johnson and Rebecca Rudolph get an unconscionably hip set of projects: Bauhaus-inspired ice cream parlors, rehabbed auto body warehouses now serving buttermilk drop... More »

  • 'Being Minimalist is Not an Option' in This Florida Townhouse Curbed - 12 hours ago

    Photo via Houzz Antiques dealer Charlsie Shine first encountered her current home by chance, stopping by to buy a vintage mirror from the then-owners, and subsequently falling in love with the place. About a year later, when the 1980s townhouse... More »

  • Alert! Curbed's Hiring a Social Media Editor. Is it You? Curbed - 12 hours ago

    Effective immediately, Curbed is on the hunt for a full-time social media editor to join our growing team at the HQ here in New York. Interested? Read on. Curbed is looking for a social media master to oversee all social... More »

  • Apple lifts Nasdaq; Ukraine drags on broader market Reuters - 13 hours ago

    The Nasdaq rose modestly in choppy trade on Thursday as Apple's shares rallied a day after the iPad maker's strong results, though tensions in Ukraine held back the broader market. Caterpillar Inc (CAT.N) shares jumped nearly 2 percent and helped limit the Dow’s loss after the world's largest maker of earth-moving machinery reported earnings that exceeded Wall Street's expectations. The three major U.S. stock indexes had opened sharply higher, with the Nasdaq initially climbing more than 1 percent before turning negative in the first half-hour of trading. Wall Street bounced off session lows with gains again concentrated in the Nasdaq, but stocks remained well off earlier highs. More »

  • Johnson's Glass House Stages a Misty Disappearing Act Curbed - 13 hours ago

    Photo via Design Boom Starting in May, Philip Johnson's Glass House, that venerated icon of pared-back modernism, will change its game from utter transparency to smoke and mirrors, following in the footsteps of disappearing homes the world over. In recent... More »

  • Pink Estate 'Steeped in History and Folklore' Wants $2.749M Curbed - 13 hours ago

    Click here to view the full photogallery. Built in 1815 for Covington, Kentucky founder Thomas D. Carneal, this opulent, Federal-style mansion is newly on the market for $2.749M. While The Carneal House counts itself as one of the oldest... More »

  • Met office sees below-average monsoon in 2014
    Met office sees below-average monsoon in 2014 Reuters - 14 hours ago

    India is likely to have below-average monsoon rainfall in 2014, raising the possibility that drought could stoke inflation and hit a sluggish economy dependent on the elements because half the country's farmland lacks irrigation. To cut dependence on rains, India plans to expand irrigated farmland by at least a tenth by 2017. The Indian Meteorological Department's (IMD) first monsoon forecast on Thursday was in line with the outlook of the World Meteorological Organisation that predicted mostly below-average rains in much of South Asia, including India. Below-average monsoons would have a negative impact on production of sugar, edible oil and pulses, potentially pushing up retail food inflation by one percentage point, he said. More »

  • Japan's NTT Docomo to exit Indian market - Nikkei Reuters - 14 hours ago

    REUTERS - Japan's NTT DoCoMo Inc will unload its 26 percent stake in its loss-making Indian mobile phone joint venture, Tata Teleservices Ltd, and withdraw from the country, the Nikkei newspaper reported. ... More »

  • Here's a Barn Reno Made Possible By Antiques and Disco Balls Curbed - 14 hours ago

    Photo by Luke White/Elle Decor When it was built in 1927, this barn in England's Suffolk region provided milk and cheese for the Royal Hospital School. It also, oddly enough, won design awards. Its boast as one of the first... More »

  • Bootleggers' Homes; Reborn Philly Mansions; More! Curbed - 15 hours ago

    Photo via Curbed Philly · Reborn Chestnut Hill mansion literally rose from the ashes. · Inside the enormous Istanbul Airport by Grimshaw, Nordic, and Haptic. · West Village duplex with helix staircase wants $4.25M. · How to become a Legoland... More »

  • Sri Lanka opposition protest to block Packer's casino plans Reuters - 16 hours ago

    Hundreds of Sri Lankan opposition party members held a protest march in Colombo on Thursday, calling on the government to stop Australian gambling tycoon James Packer from opening casinos in hotel projects planned by his Crown Resorts group. President Mahinda Rajapaksa's coalition government holds a two-thirds majority in parliament, but its stance on casinos has drawn criticism from Buddhist and other religious leaders, opposition parties and even from within its own ranks. Currently, there are only a few, mostly small-scale, casinos in Sri Lanka run by local businessmen. While the government has said it will not allow casinos in Crown's proposed hotel projects, opponents suspect that it is little more than double-talk as the government had earlier proposed designating an exclusive gaming zone in the capital. More »

  • Air India to lease aircraft to generate cash IANS - 17 hours ago

    New Delhi, April 24 (IANS) In a bid to generate extra revenue, the cash-strapped national carrier Air India Thursday sought to lease 14 old Airbus A320 aircraft. The company issued a tender for dry-lease bid for the A320 aircraft for a maximum six years. The new bid number should also be around 14 A320 aircraft," a senior official with the state-run carrier told IANS. "Air India additionally will shortly invite tender for dry lease of up to 14 new A320 aircraft with sharklets. More »

  • India faces below normal monsoon under El Nino effect IANS - 18 hours ago

    New Delhi, April 24 (IANS) Monsoon rainfall in India this year is likely to be below average and there is a 60 percent chance that El Nino will affect farm output and economic growth, the weather office said Thursday. Average rainfall during the 2014 monsoon season (June to September) across the country is likely to be 88 percent with a margin for error of plus or minus five percent, according to data released by the India Meteorological Department and Earth System Science Organisation (ESSO). Deficient monsoon will negatively impact farm output and economic growth. Nearly half of India's farmland lacks irrigation and is dependent on monsoon. More »

  • Infotech's net up by 15 percent IANS - 18 hours ago

    Hyderabad, April 24 (IANS) Infotech enterprises, a Hyderabad-based engineering solutions provider, Thursday said its net profit during 2013-14 stood at Rs.266 crore, an increase of 15 percent over last fiscal. Infotech chairman B.V.R. Mohan Reddy told reporters that the firm registered a revenue of Rs.595 crore in the quarter ended March 31, a growth of 28 percent year-on-year. We are very confident that this momentum will continue during the current financial year (FY 2014-15)," said Mohan Reddy. The company elevated Krishna Bodanapu, son of Mohan Reddy, as managing director and chief executive officer. More »

  • India may witness below normal monsoon rainfall IANS - 18 hours ago

    New Delhi, April 24 (IANS) India is likely to witness below average monsoon rainfall in 2014 that will affect farm output and economic growth, the government's weather office said Thursday. Rainfall during the 2014 monsoon season (June to September) averaged over the country as a whole is likely to be 88 percent with a margin for error of plus or minus five percent of long period average, according to data released by the India Meteorological Department and Earth System Science Organization (ESSO). The deficient monsoon will negatively impact farm output and economic growth. Nearly a half of India's farmland lacks irrigation and is dependent on monsoon rain. More »

  • 69 percent cyber attacks targeted at large companies in India: Report IANS - 19 hours ago

    New Delhi, April 24 (IANS) Despite stepped up information security measures, businesses in India continue to be an attractive target for cybercriminals with as many as 69 percent targeted attacks being focused on large enterprises, a report said here Thursday. In India, cyber criminals are unrelenting in their focus on large enterprises with a staggering 69 percent targeted attacks carried out against them. "Despite stepping up their information security measures, businesses in India continue to be an attractive target for cybercriminals," said the Internet Security Threat Report, based on data from Symantec's Global Intelligence Network. More »

  • IGIA to become zero-diversionary by October: Committee IANS - 19 hours ago

    New Delhi, April 24 (IANS) The Indira Gandhi International Airport (IGIA) is set to become a zero-diversionary airport by October as the government is set to implement the recommendations set out by an expert committee which was formed to look into the matter. According to the Civil Aviation Ministry, in a meeting held Thursday with all stakeholders including India Meteorological Department (IMD), Airports Authority of India (AAI), Delhi International Airport Pvt Ltd (DIAL), Bureau of Civil Aviation Security (BCAS) and Director General of Civil Aviation (DGCA), it was decided that various key recommendations on making Delhi a zero-diversionary airport should be implemented before October. Data furnished by the ministry shows that during the last three winter seasons IGIA witnessed a total of 289 diversions due to fog and other technical reasons. More »

  • Air India seeks to lease 14 Airbus A320 aircraft Reuters - 19 hours ago

    Air India Ltd [AIN.UL] is seeking to lease 14 Airbus A320 aircraft, according to a tender document posted on the state-run carrier's website. Air India has asked for bids for up to six-year-old A320 aircraft ... More »

  • Debit cards with an extended credit limit! Bankbazaar.com - 21 hours ago

    The use of plastic money and the increasing popularity of such formats have revolutionized the way payments are made and received. The most popular types of plastic … Read more » More »

  • Nokia says India plant unlikely to be part of Microsoft deal
    Nokia says India plant unlikely to be part of Microsoft deal Reuters - 21 hours ago

    Nokia said that due to an ongoing tax dispute, its Indian mobile phone handset plant was unlikely to be included in a deal due to be concluded on Friday for the sale of its global handset business to Microsoft. Nokia will instead operate the factory as a contract manufacturing unit for Microsoft after the deal, a spokeswoman for the Finnish company's Indian unit said on Thursday. "It's highly unlikely that the plant will transfer, given that the (deal) closing with Microsoft is tomorrow," the spokeswoman said. "If the asset doesn't get transferred, we are entering into a service agreement with Microsoft." More »

  • Asia FX sentiment less optimistic as yuan stays weak: Reuters Poll Reuters - 23 hours ago

    Sustained weakness in the Chinese yuan has soured sentiment on emerging Asian currencies while views on the Singapore dollar turned negative in the past two weeks, a Reuters poll showed on Thursday. Growing pessimism on the Chinese currency weighed on other emerging Asian currencies as they tend to closely track the yuan due to the region's heavy dependence on the world's second-largest economy. Long positions in the Taiwan dollar and the Malaysian ringgit, which are often used as a proxy to bet on yuan moves, fell. Sentiment on the Singapore dollar, another yuan proxy currency, turned bearish after the central bank trimmed this year's headline inflation forecast. More »

  • Bond market's take on Indian election outcome IANS - 23 hours ago

    This, on expectations that Narendra Modi, the prime ministerial candidate of the main opposition party, the BJP, will head the next federal government. The mood is supremely bullish in the equities market and the common joke doing the rounds on Dalal Street is that the fair value of the Sensex is the number of seats secured by the NDA multiplied by 100. The swiftness with which the anticipated next National Democratic Alliance (NDA) government will introduce policy reforms will only be seen in the coming months. Looking through the prism of another asset class in the prevailing bullish market, the context tells a different story. More »

  • Juicy Apple buoys global shares Reuters - Thu 24 Apr, 2014 1:52 PM IST

    Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. The gains were boosted by the region's tech stocks and come after iPhone giant Apple (AAPL.O) reported record first quarter sales and laid out plans for a $30 billion share buy back and seven-for-one stock split. Facebook Inc (FB.O) shares jumped 3.7 percent after hours as the Internet social networking company topped Wall Street's expectations. The Nikkei (.N225) slipped 0.97 percent with some investors apparently disappointed that a meeting between Japanese Prime Minister Shinzo Abe and U.S. President Barack Obama made no concrete progress on a trade deal. More »

  • Russian JV venture promises to end India's butyl rubber import IANS - Thu 24 Apr, 2014 1:12 PM IST

    New Delhi, April 24 (IANS) India's $360 million imports of synthetic butyl rubber, used mainly to make tyres, may soon be rendered unnecessary after a Russian joint venture with Reliance Industries starts production end-2015, a top official has said. Russian gas processing and petrochemicals major Sibur has a 25:75 joint venture with Reliance and the upcoming plant at Jamnagar is set to commence production by the end of next year, said Evgeny Griva, chief executive of Sibur Petrochemical India. "Sibur believes that once production begins at Jamnagar, India will stop importing butyl rubber," Griva told IANS, adding the current imports were estimated at 60,000 tonnes per annum as against the plant's capacity of 100,000 tonnes. More »

  • Unilever first quarter sales rise despite later Easter Reuters - Thu 24 Apr, 2014 1:02 PM IST

    Consumer goods maker Unilever reported higher first-quarter underlying sales on Thursday, despite a later Easter holiday that pushed some food sales into the second quarter. The Anglo-Dutch company said ... More »

  • Bharti Infratel's fourth quarter net up 64 percent IANS - Thu 24 Apr, 2014 12:56 PM IST

    New Delhi, April 24 (IANS) Telecom tower provider Bharti Infratel's net profit for the fourth quarter (January-March) of 2013-14 jumped by 64 percent, a company statement said here Thursday. The company ... More »

  • Securing your future with best-suited insurance policy IANS - Thu 24 Apr, 2014 11:26 AM IST

    Thus begins your hunt for a financial tool that offers the most competitive return and stability. It plays the role of income-replacement by offering financial protection. It also provides stability and completeness to an individual's financial planning, drawn by taking into account the present and future value of assets and liabilities. Life insurance, thus, becomes a must and the first step towards financial planning. More »

  • Hyundai Motor Q1 profit unchanged; misses estimates Reuters - Thu 24 Apr, 2014 10:51 AM IST

    South Korea's Hyundai Motor Co on Thursday missed analyst estimates by posting nearly flat net profit, as lacklustre U.S. performance offset increased sales in Korea and China. Hyundai, the world's fifth-biggest ... More »

  • Apple resets the clock as investors await next big thing Reuters - Thu 24 Apr, 2014 10:32 AM IST

    Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had expected. To top it all off, Apple unveiled a 7-for-1 stock split that should go down well with individuals who want a piece of a household name but could not afford to fork over $500 a share. The litany of positive numbers sent Apple's long-stagnant shares up 8 percent. More »

  • Bharti Infratel Q4 net profit jumps 64 percent
    Bharti Infratel Q4 net profit jumps 64 percent Reuters - Thu 24 Apr, 2014 9:58 AM IST

    Telecommunications tower operator Bharti Infratel Ltd reported a 64 percent jump in its quarterly profit, beating estimates on higher revenue from leasing mobile phone masts to phone carriers. Bharti Infratel, ... More »

  • Facebook Q1 revenue grows 72 percent on rising mobile ads
    Facebook Q1 revenue grows 72 percent on rising mobile ads Reuters - Thu 24 Apr, 2014 9:58 AM IST

    Facebook Inc's (FB.O) mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday. Facebook said that mobile ads represented 59 percent of its ad revenue in the first quarter, up from 30 percent in the year-ago period. Facebook's overall revenue grew 72 percent year-on-year to $2.5 billion in the first quarter, above the $2.36 billion expected by analysts polled by Thomson Reuters I/B/E/S. More »

  • Apple expands buybacks by $30 billion, OKs 7-for-1 stock split
    Apple expands buybacks by $30 billion, OKs 7-for-1 stock split Reuters - Thu 24 Apr, 2014 9:57 AM IST

    Apple Inc (AAPL.O) has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had famously called on the iPhone maker to boost its buyback program, tweeted his approval of the move on Wednesday. On Wednesday, Apple reported sales of 43.7 million iPhones in the quarter ended March, far outpacing the roughly 38 million that Wall Street had predicted. But whether Apple can again produce a revolutionary new product remains the central question in investors' and Silicon Valley executives' minds. More »

  • Apple shares reach 2014 highs, Asian stocks lag
    Apple shares reach 2014 highs, Asian stocks lag Reuters - Thu 24 Apr, 2014 9:52 AM IST

    Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer on the news. South Korea's Samsung Electronics <005930.KS> did gain 0.6 percent but the main KOSPI index dipped a fraction. Markets were mixed across the region with Japan's Nikkei off 0.6 percent but Singapore up 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan edged ahead by 0.1 percent. More »

  • Indian markets closed on Thursday for elections Reuters - Thu 24 Apr, 2014 9:25 AM IST

    Indian debt, currency and equity markets will be closed on Thursday as Mumbai takes part in the five-week long Parliament election process set to conclude in mid-May. Trading will resume on Friday. The ... More »

  • White House considers former banking lawyer for Fed board - sources Reuters - Thu 24 Apr, 2014 8:19 AM IST

    NEW YORK/WASHINGTON (Reuters) - A former lawyer with the American Bankers Association is being considered by the White House as a possible nominee to the board of the Federal Reserve, according to sources familiar with the efforts The lawyer's name emerged as the White House weighs candidates with community banking backgrounds to fill gaps on the Federal Reserve's powerful but depleted board, the sources said. People familiar with the White House's process said administration officials may fill one of the remaining openings with someone with banking experience, as opposed to an economist. Two sources said the administration is considering Diana Preston, a lawyer who recently left a post at the American Bankers Association, which represents many small banks. More »

  • Beachfront Stunner By a High-Society Standby Wants $45M Curbed - Thu 24 Apr, 2014 7:29 AM IST

    Click here to view the full photogallery. Though some Florida homes by upper-upper-crust society architect Maurice Fatio have been torn down and replaced with huge new contemporaries, many are still receiving ritzy renovations and commanding astronomical asks. The latest... More »

  • Buffett: moving oil by rail safely major industry concern Reuters - Thu 24 Apr, 2014 7:05 AM IST

    Warren Buffett, chairman of conglomerate Berkshire Hathaway (BRKa.N), said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline was unlikely to prompt additional purchases of tank cars at Berkshire railroad unit BNSF. Buffett also said, in an interview with CNBC the same day, that he thinks Coca-Cola's (KO.N) equity compensation plan was excessive, but that Berkshire Hathaway abstained in a shareholders vote. Earlier on Wednesday, Coca-Cola said 83 percent of shareholders approved the plan. More »

  • Motorola's New HQ Could Not Be Pinker or Sparklier Curbed - Thu 24 Apr, 2014 6:45 AM IST

    Photo via Curbed Chicago Created by the Global Gensler firm—with maybe a few design pointers taken from some very girly middle schools—the extremely pretty new Motorola HQ is a vision of bright pink, sparkling neon signs, and quirky, interactive hangout... More »

  • Eames and Saarinen Should've Decorated the Star Trek Set Curbed - Thu 24 Apr, 2014 6:30 AM IST

    Watch one episode of the original Star Trek—heck, watch one minute of the show—and it's clear how much the 1960s Space Age aesthetic, one marked by Googie architecture and post-war car culture, inspired its set designers. Still, the midcentury... More »

  • Asia markets: Tech sector brightens as Apple jumps 8 percent Reuters - Thu 24 Apr, 2014 6:11 AM IST

    Asian markets could get a lift on Thursday after tech heavyweights Apple and Facebook beat Wall Street expectations, sending their stock up sharply and boosting Nasdaq futures. The Nasdaq futures were up 1 percent and the S&P 500 0.3 percent. Sentiment on the tech sector brightened after Apple (AAPL.O) decided to buy back $30 billion of its shares out to the end of 2015 and authorized a seven-for-one stock split. Apple reported sales of 43.7 million iPhones in the quarter ended March, far outpacing forecasts. More »

  • India may cede top rice exporter spot under Southeast Asian price onslaught Reuters - Thu 24 Apr, 2014 6:01 AM IST

    India's rice exports could slide by nearly a quarter this year and knock the country off its perch as top exporter of the grain due to stiff competition from Southeast Asian rivals that have recently slashed prices, Indian industry executives said. A drop in Indian exports could help Thailand trim a record inventory chalked up under a controversial rice-buying scheme. Thailand may also be able to reclaim its status as the world's biggest rice exporter, which it lost to India two years ago. Thailand and Vietnam are selling aggressively and it is difficult for Indian exporters to match those prices," B.V. Krishna Rao, managing director at Pattabhi Agro Foods Pvt Ltd, India's biggest non-basmati rice exporter, told Reuters. More »

  • Catherine Deneuve Lists Resplendent French Chateau for $5.5M Curbed - Thu 24 Apr, 2014 6:00 AM IST

    Click here to view the full photogallery. For the past few decades, when Catherine Deneuve wasn't hanging out with princes and spending time at her L.A. mansion (which, fun fact, later housed multiple ABBA members and a hippie cult),... More »

  • Apple slice: Share split makes joining the Dow more likely
    Apple slice: Share split makes joining the Dow more likely Reuters - Thu 24 Apr, 2014 4:23 AM IST

    The iPhone maker's market value has stood high above most U.S. corporations' for a few years, yet Apple still isn't a component of that blue-chip stock benchmark. That is because the Dow weighs its 30 components by price, so a $500 stock would overwhelm the index. A seven-for-one stock split that will chop the price to about $75 changes the picture. Apple stunned the market with that announcement when reporting earnings on Thursday, and the change seems to increase the chance that the stock will be added to the index. More »

  • Green groups urge U.S. to drop solar trade case against India Reuters - Thu 24 Apr, 2014 3:48 AM IST

    Environmental groups urged the United States on Wednesday to drop a challenge to India's massive solar program and said the World Trade Organization case would only hurt the growth of renewable energy resources. The United States is taking action at the WTO over the domestic content requirements in India's program, which aims to ease chronic energy shortages in Asia's third-largest economy. U.S. Trade Representative Michael Froman has said making Indian solar developers use locally made equipment discriminates against U.S. producers, in breach of WTO rules, and could hinder the spread of solar power globally by making equipment more expensive. But green groups including the Sierra Club, Greenpeace USA and Friends of the Earth U.S. said supporting the U.S. industry should not come at the expense of India's push to cut fossil fuels and build a viable domestic renewables industry, which would in turn help global efforts to tackle climate change. More »

  • Apple expands buybacks by $30 billion
    Apple expands buybacks by $30 billion Reuters - Thu 24 Apr, 2014 2:46 AM IST

    Apple Inc (AAPL.O) has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had famously called on the iPhone maker to boost its buyback program, tweeted his approval of the move on Wednesday. On Wednesday, Apple reported sales of 43.7 million iPhones in the quarter ended March, far outpacing the roughly 38 million that Wall Street had predicted. But whether Apple can again produce a revolutionary new product remains the central question in investors' and Silicon Valley executives' minds. More »

  • Eco-Friendly Prefab House Fits Together Like a 3D Puzzle Curbed - Thu 24 Apr, 2014 2:30 AM IST

    In It's Not Easy Being Green, Curbed pulls back the curtain on cutting-edge, environmentally friendly design, from urban passive houses to green tweaks on suburban living. Have a suggestion for an upcoming column? Pass it along. Photo via Remodelista Despite... More »

  • 65 Shots of Concrete Houses Not at All Like Parking Garages Curbed - Thu 24 Apr, 2014 1:30 AM IST

    Click here to view the full photogallery. Raw concrete buildings have come a long way since Brutalist architects started rattling them out in the '50s. No longer reserved for government pseudo-fortresses and parking structures, architects from Chile to Japan... More »

  • $2.8M Carolina 'Villa' Boasts Taxidermy and a Chicken Coop Curbed - Thu 24 Apr, 2014 12:30 AM IST

    Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We'd love to see what you've got. Click here to view the full... More »

  • Wall St slips after six-day S&P run; biotechs drop Reuters - Thu 24 Apr, 2014 12:03 AM IST

    U.S. stocks declined on Wednesday after a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. AT&T Inc fell 3.6 percent to $35 a day after the Dow component reported adjusted earnings that beat expectations by a penny, though that was offset by weak service revenue growth. Verizon Communications shed 1.2 percent to $47.36 while the S&P telecom sector index dropped 2.1 percent, easily making it the session's worst-performing sector so far. Biotech shares tumbled, pulling the Nasdaq lower. More »

  • Clocking in With Stylist Gregory Bissonnette: Go Behind the Scenes on House Beautiful's May 2014 … Curbed - Wed 23 Apr, 2014 11:30 PM IST

    Welcome back to Clocking In, a video series in which Curbed explores one individual's artistic contributions to the great, wide "wheel" of design; in other words, cool stuff cool people create. Care to nominate someone noteworthy? Do send a... More »

  • Gold flat, holds above key support after U.S. housing data Reuters - Wed 23 Apr, 2014 11:27 PM IST

    NEW YORK/LONDON (Reuters) - Gold prices were little changed on Wednesday, holding above a key technical support near $1,275 an ounce, though the metal is vulnerable to further losses as investor demand remains slack, analysts said. The bullion market found some support after Commerce Department data showed sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. Spot gold was up 0.1 percent at $1,283.70 an ounce by 11:25 a.m. EDT (1525 GMT). Investment demand also remained weak with the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, seeing sharp outflows in recent days. More »

  • How America's Oldest Baseball Fields Prepare for the Future Curbed - Wed 23 Apr, 2014 10:30 PM IST

    The smell of freshly cut grass, the warm burst of the summer sun, and Cracker Jacks: baseball is here. We like our baseball drenched in nostalgic Americana. We call franchises "storied." We remember lineups and stats from our favorite... More »

  • Live Out Your Retro-Future Dreams in a Prefab Bubble House Curbed - Wed 23 Apr, 2014 9:30 PM IST

    Photo via Gizmodo Dreamed up by architect and urban design theorist Jean Maneval and presented in theoretical model to France's Salon Des Arts Ménagers in 1956, the Maison Bulle à Six Coques (which literally translates to "Six-Shell Bubble House") could... More »

  • India to make May-July oil payments to Iran - sources Reuters - Wed 23 Apr, 2014 8:59 PM IST

    India is set to pay Iran $1.65 billion over the next three months under an interim nuclear deal that eases sanctions on Tehran and gives it access to $4.2 billion in blocked funds, four sources with knowledge of the matter said. As long as Tehran complies with the terms of its preliminary agreement with western powers, which took effect on Jan. 20, Iran receives some of its funds frozen abroad in eight payments from various buyers over six months. Iran has cut its most sensitive nuclear stockpile by nearly 75 percent in implementing the pact, the International Atomic Energy Agency said in its latest report, as the OPEC member allays fears about its atomic aims. The final $550 million installment, due on July 20, is contingent on confirmation that Iran has fulfilled all of its commitment. More »

  • $4.5 Wine Country Estate Offers a 'Personal Form of Heaven' Curbed - Wed 23 Apr, 2014 8:30 PM IST

    Click here to view the full photogallery. Inspired by a client's relatively open-ended request for "an easy-living space that incorporated the color blue," Calif.-based architect Juan Carlos Fernandez built this modern Casa Cielo Azul (or the Blue Sky Home)... More »

  • Gold edges off 2-1/2-month low as dollar, stocks ease Reuters - Wed 23 Apr, 2014 8:22 PM IST

    Gold edged up on Wednesday from a 2-1/2-month low hit in the previous session as a softer tone to equities and the dollar helped arrest its slide, though the metal is vulnerable to further losses as investor demand remains slack. Spot gold was up 0.1 percent at $1,283.60 an ounce at 1419 GMT, while U.S. gold futures for June delivery were up $2.90 an ounce at $1,284.00. More »

  • Wall Street edges lower following six-day S&P rally Reuters - Wed 23 Apr, 2014 8:19 PM IST

    U.S. stocks edged lower on Wednesday as strong results from Boeing failed to inspire investors to keep pushing equities higher following six straight days of gains. Better-than-expected corporate earnings ... More »

  • UltraTech Cement Q4 net up 15 pct on cost controls
    UltraTech Cement Q4 net up 15 pct on cost controls Reuters - Wed 23 Apr, 2014 7:25 PM IST

    UltraTech Cement Ltd (ULTC.NS) reported a forecast-beating 15 percent rise in net profit for the January-March quarter as India's largest cement maker kept a lid on rising costs. "Optimisation of fuel mix and other initiatives helped in maintaining costs almost at the previous year levels," UltraTech, part of the $40 billion Aditya Birla Group, said in a statement to the stock exchange on Wednesday. UltraTech also said it had earmarked 100 billion rupees to set up grinding units, cement terminals and other capital expenditures as part of its current round of expansions. The company reported a net profit of 8.4 billion rupees ($138 million) for the quarter ended March 31, beating market estimates of 6.5 billion rupees, according to Thomson Reuters I/B/E/S. Net sales rose 9 percent to 58.3 billion rupees. More »

  • Wockhardt says Himachal Pradesh drug regulator suspends product Reuters - Wed 23 Apr, 2014 7:15 PM IST

    Indian drugmaker Wockhardt Ltd, which has been hit by a slew of overseas regulatory rebukes due to poor production quality, said the regulator in Himachal Pradesh has suspended the manufacture and sale of a product. The state's drug controller suspended the manufacture, sale or distribution of fixed dose combination of Dicyclomine Hydrochloride IP 10mg, Tramadol Hydrochloride IP 50mg and Acetamenophen IP 325mg, the company said in a statement on Wednesday. Wockhardt did not give the reason for the suspension. But Navneet Marwah, Himachal Pradesh's drug regulator, told Reuters that some of the chemicals which the company used in making a painkiller sold under the brandname of Spasmo Proxyvon Plus have been banned by the Indian government. More »

  • DLF leases 3 million sq ft office space in 2013-14 IANS - Wed 23 Apr, 2014 7:08 PM IST

    New Delhi, April 23 (IANS) India's largest real estate developer DLF Wednesday said it leased out three million sq ft of office space in the financial year ended March 31, 2014. Of the three million sq ft it leased out, a record 1.7 million sq ft has been leased out in Gurgaon alone, the company said in a statement. Significantly most tenants who are completing the 9-year-lease term in DLF CyberCity, Gurgaon, chose to renew their leases reinforcing their faith and relationship with DLF, the statement said. DLF Offices has approximately 27 million sq.ft. of leasable space pan India with certain projects having achieved above 95 percent occupancy. More »

  • Global share rally peters out, euro lifted by PMI boost
    Global share rally peters out, euro lifted by PMI boost Reuters - Wed 23 Apr, 2014 6:47 PM IST

    European shares edged down on Wednesday after three days of gains as signs of a slowing Chinese economy and rising worries about Ukraine offset reassuring European economic data. U.S. stock futures also pointed to a subdued start for Wall Street on a heavy day of company earnings as well as U.S. PMI readings. The PMI readings for Europe showed that France's economy was still lagging, but Germany continued to power the euro zone's recovery. Europe's private sector has started the second quarter on its strongest footing in nearly three years, according to the PMIs, although new orders were again mainly buoyed by price cuts. More »

  • Procter & Gamble quarterly profit rises on home care sales
    Procter & Gamble quarterly profit rises on home care sales Reuters - Wed 23 Apr, 2014 6:38 PM IST

    Procter & Gamble Co , the world's largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products sales and better cost control. ... More »

  • Beach Cottages For Sale; Austria's Stunning Mountain Villas Curbed - Wed 23 Apr, 2014 6:30 PM IST

    Photo via Automatism · A Kansas city energy plant converted into performance hall. · Look inside the Bronx's crumbling 'Castle on the Concourse'. · How much for this Montauk oceanview house? · A seductive abstraction: architecture & photography's tacit pact.... More »

  • DGCA allows in-flight use of electronic devices IANS - Wed 23 Apr, 2014 6:18 PM IST

    New Delhi, April 23 (IANS) In a major air safety reform, the aviation regulator Wednesday allowed the use of electronic devices, including mobile phones, during flights. "The use of portable electronic devices (PEDs) shall be in the non-transmitting mode commonly called flight mode," the Directorate General of Civil Aviation (DGCA) said in a statement. The development comes after the scheduled operators, during their meeting on April 17 with the director general of DGCA raised the demand for allowing use of PEDs during all phases of flight. Currently Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) allow the use of PDAs in the airplane mode in all phases of flight. More »

  • Paris Motor Show woes Indian visitors IANS - Wed 23 Apr, 2014 6:02 PM IST

    New Delhi, April 23 (IANS) The world's oldest automobile exhibition - the Paris Motor Show - expects to attract more Indian tourists and visitors at this year's edition, its organisers said Wednesday. "We expect to attract more Indian visitors, exhibitors and want to promote the show in India. We have had Bajaj and Mahindra from the Indian automobile industry which have participated in the Paris Motor Show. Even Tata Motors through their subsidiary Jaguar Land Rover (JLR) has been present at the show," Thierry Hesse, executive director, Paris International Motor Show told IANS. More »

  • Delhi HC asks why coins with Vaishno Devi image issued IANS - Wed 23 Apr, 2014 6:02 PM IST

    New Delhi, April 23 (IANS) The Delhi High Court Wednesday questioned the issuance of Rs.5 denomination coins with the image of Mata Vaishno Devi embossed on the reverse, saying it "may create problem if members of other community raise the issue". A division bench of Chief Justice G. Rohini and Justice Pradeep Nandrajog directed the central government and the Reserve of India to file their reply on a plea seeking ban on issuance of coins with religious symbols embossed on them. The PIL was filed by advocate Nafis Qazi against the finance ministry and the RBI and the court was told that secular democratic credentials of governance are damaged when the government issues currency with religious symbols. It said the government, by bringing out coins at regular intervals with religious symbols such as figures of a deity or temple embossed on them, was indulging in anti-secular actions. More »

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    • Price % Losers
      Price % Losers
      NamePriceChange% Chg
      -29.95-100.00%
      BRADYM.BO
      -10.71-100.00%
      CITADEL.BO
      -16.15-100.00%
      CJGEL.BO
      -10.46-100.00%
      COSBOARD.BO
      -22.00-100.00%
      EMAINDIA.BO