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Business 14 Nov 2013 | 7:36 AM

Google warns of 'splinter net' fallout from US Spying

WASHINGTON: Search giant Google Inc on Wednesday warned that U.S. spying operations risk fracturing the open Internet into a "splinter net" that could hurt American business.

Business 08 Nov 2013 | 1:22 PM

Gas boom to reshape US role in Asia: study

WASHINGTON: A boom in gas production will reshape the US role in Asia and could fuel new tensions with a growing, energy-hungry China, a new report says.

Business 17 Dec 2013 | 6:59 AM

Washington could cut Fannie, Freddie home loan limits

WASHINGTON: The U.S. government could reduce its support for high-cost mortgages as soon as October of next year, a top regulator said on Monday in a statement that amounted to a show of confidence in the housing recovery.

Economy 20 Dec 2013 | 10:49 AM

China faced the most scrutiny in 2012 over US investments

Chinese companies faced the most scrutiny over their US acquisitions last year, eclipsing British firms for the first time, according to a report issued on Thursday.

Business 11 Dec 2013 | 11:01 AM

US lawmakers announce two-year budget deal

WASHINGTON: Congressional negotiators on Tuesday reached a two-year deal on US spending which aims to avoid a repeat of the government shutdown that paralyzed Washington in October.

Business 11 Dec 2013 | 8:29 AM

New GM CEO Barra seen as a winner early in her career

DETROIT: Until two years ago, Mary Barra, the incoming CEO of General Motors Co, was little known outside the automaker. But her rapid rise inside the company, including a 2011 promotion to senior vice president, was signaled more than a decade ago.

Business 19 Dec 2013 | 6:54 AM

Dow, S&P 500 end at record highs after Fed trims stimulus

NEW YORK: U.S. stocks staged an explosive rally on Wednesday, driving the Dow and the S&P 500 to all-time closing highs after the Federal Reserve announced it would start to unwind its historic stimulus.

Business 19 Dec 2013 | 6:51 AM

Beyonce album sets iTunes sales record

LOS ANGELES: R&B star Beyonce's latest self-titled album surpassed 1 million copies sold worldwide in six days on Wednesday and set a record for iTunes, Apple Inc and Columbia Records said

Business 11 Dec 2013 | 6:40 AM

Regulators seek to curb Wall St. trades with Volcker Rule

WASHINGTON: U.S. banks will no longer be able to make big trading bets with their own money after regulators on Tuesday finalized the Volcker rule and shut down what was a hugely profitable business for Wall Street before the credit crisis.

Business 07 Jan 2014 | 11:23 AM

PepsiCo's workplace wellness programme fails the bottom line

NEW YORK: A long-running and well-respected workplace wellness program at PepsiCo that encourages employees to adopt healthier habits has not reduced healthcare costs, according to the most comprehensive evaluation of a such a program ever published.