ArcelorMittal workers in France and Belgium said on Thursday that the company has told them it will stop steel output at some plants this winter as demand drops. 
The Luxembourg-based steelmaker, the world’s largest, declined to confirm that it will temporarily halt output but said it was “taking prudent and responsible steps to adapt supply to [...]

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Britain’s Financial Services Authority has approved an application by the Anil-Ambani owned Reliance Asset Management (RAM) to open an office in London.
The company has launched an offshore fund ‘Emergent India’ targeted at international investors, according to the Wealth Bulletin, a Dow Jones-owned online service for the global wealth management industry.
RAM manager Sunil Singhania said: “The [...]

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Yahoo Inc on Monday sought to rally shareholder support in the face of a proxy battle with billionaire Carl Icahn, saying the activist investor had an “ill-defined plan” for the future of the Internet company.
Yahoo detailed its rationale for rejecting a $47.5 billion takeover offer by Microsoft Corp, questioning whether the [...]

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Yahoo Inc and arch rival Google Inc said on Thursday they had entered a non-exclusive partnership on search advertising expected to add as much as $800 million in annual revenue.
Under the agreement, Yahoo can run ads supplied by Google alongside its own search results and on some of its websites in [...]

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The US decision to cut visas to skilled manpower from countries like India would not protect American jobs, but goad American companies to opt for outsourcing, a leading think tank has warned.
In a report released on Wednesday, RAND Corp, a non-profit global policy think tank, said curbing the inflow of foreign science [...]

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Oil jumped nearly 9 percent to a record $139 a barrel on Friday, extending a two-day rally to more than $16 as the slumping U.S. dollar and mounting tensions between Israel and Iran attracted a stampede of buyers.Oil prices could top $150 by July 4, one of the busiest U.S. travel holidays, as strong demand [...]

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