Caterpillar’s China push unearths trouble

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US group’s discovery of accounting misconduct at mainland company it bought is latest example of missteps that have plagued multinationals
Categories: Uncategorized

UN expands sanctions on North Korea

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China joins other members of UN Security Council to tighten sanctions on neighbour North Korea in response to Pyongyang’s satellite launch in December
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Pentagon clears Allen in Petraeus scandal

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Defence chief Leon Panetta said he was ‘pleased’ to learn the general had been exonerated and he had ‘complete confidence in his continued leadership’
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Microsoft in talks to join any Dell deal

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News of potential buyout comes as Dell shares traded near a 52-week low, leading deal watchers to ask if the company was orchestrating the move
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Obama to back short debt limit extension

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White House statement ends speculation about whether the president would insist on a longer fix to avoid a possible US default
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European red tape delays Ikea openings

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Mikael Ohlsson, furniture group boss, is angered by hefty planning laws that are holding up substantial job creation and billions in investment
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The Amenas natural gas field in Algeria, where Islamist militants raided and took hostages Wednesday Jan. 16, 2013.

BP: Four missing employees in Algeria feared dead

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Four BP employees listed as missing after the terrorist attack in Algeria now are feared dead.
Categories: Africa, Natural gas

IBM targeted expansion pays off

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Company’s performance supported its shift to higher-value businesses including cloud computing and specific geographical growth markets
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ExxonMobil grills key state witness in pollution trial

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Countering claims that ExxonMobil polluted New Hampshire’s groundwater with a gasoline additive, the oil company’s attorney tried to show in court that a state witness’s research indicates that the chemical’s levels decline naturally.

Google stems advertising price declines

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Signs that Google’s underlying ad business was showing more stability amid shift to mobile contributed to 5% rise in shares in after-market trade
Categories: Uncategorized