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Amazon to compensate customers for late gifts Amazon Thursday said it would give $20 gift cards and pay shipping costs for customers affected by problems at UPS and FedEx that delayed some Christmas package deliveries.

28 December 2013

Lakshmi Mittal asks Kazakhstan's employees to hunker down Lakshmi Mittal met with ArcelorMittal Temirtau plant top-managers and called them to reduce expenses and make goods more competitive.

27 December 2013

US judge rejects BP bid for extra proof in oil spill claims A US federal judge has rejected a bid from BP to require companies prove their losses are directly linked to the 2010 massive Gulf of Mexico oil spill before getting a payout.

26 December 2013

Marks & Spencer in row over Muslim alcohol sales refusal British retailer Marks & Spencer faced criticism on Monday after it emerged that it allows Muslim staff to refuse to sell customers pork and alcohol.

25 December 2013

Twitter's Jack Dorsey joins Disney board US entertainment giant Walt Disney Company announced Monday that it tapped Twitter co-founder and chairman Jack Dorsey to join its board of directors.

24 December 2013

Swatch wins compensation from Tiffany's in contract row Swiss watchmaker Swatch Group has won a lawsuit against US jewellery group Tiffany & Co over a failed joint venture to jointly design and market luxury watches.

23 December 2013

Morgan Stanley sells oil trading assets to Rosneft Investment bank Morgan Stanley Friday announced plans to sell part of its commodity business to Russian oil giant Rosneft for an undisclosed sum.

21 December 2013

Zuckerberg sells as Facebook offers new shares Facebook chief Mark Zuckerberg will sell a chunk of his stake in the company, cashing in some $2.3 billion, as part of a new share offering by the huge social network.

20 December 2013

New Zealand winegrowers report bumper harvest New Zealand winegrowers enjoyed a record harvest in 2013 but are well placed to avoid the oversupply issues that have hampered them in the past, accounting giant Deloitte said Thursday.

19 December 2013

Air Astana gets 2 new Boeings Air Astana has replenished its airplane fleet with two new Boeing 767s.

19 December 2013

Australia PM stands firm against 'corporate welfare' Prime Minister Tony Abbott warned struggling Australian companies Wednesday to get their house in order, refusing to indulge in "corporate welfare" subsidies despite car giant Holden's decision to shut local plants.

19 December 2013

Canadian court greenlights Ecuadoran lawsuit against Chevron Ecuadoran villagers can seek to enforce in Canada a multi-billion-dollar Ecuadoran judgment against Chevron for polluting the Amazonian rainforest, a Canadian court ruled Tuesday.

18 December 2013

Ford to open plants in China, Brazil; add 5,000 US jobs US automaker Ford said Thursday it will open two new plants in China and a third in Brazil next year while adding more than 5,000 jobs in the United States.

13 December 2013

Apple wins court battle against Samsung South Korea's Samsung on Thursday lost its latest claim in a long-running global copyright battle against bitter rival Apple, a surprise blow to the electronics giant in its home market.

12 December 2013

Vietnam shipping executives on trial for embezzlement Former top executives at Vietnam's scandal-hit national shipping company Vinalines went on trial Thursday for embezzlement and defying state regulations.

12 December 2013

Airline's pay-by-weight fares take off with passengers The head of a tiny Pacific airline that pioneered a fare system based on passengers' weight said Wednesday the move had been so successful the carrier is upgrading its fleet.

11 December 2013

Car maker Holden to close Australian plants in 2017 Struggling automaker GM Holden on Wednesday said it will shut down its manufacturing operations in Australia by 2017, shedding 2,900 jobs, in a major blow to the nation's car industry.

11 December 2013

Nokia faces $3.4 bln tax claim in India: report Finnish mobile phone maker Nokia faces a tax bill of more than 210 billion rupees ($3.4 billion) in India from liabilities arising out of unpaid charges and penalties since 2006, a report said Tuesday.

10 December 2013

New American Airlines emerges as world's top carrier American Airlines emerged as the world's largest airline Monday, combining with US Airways after a hard-fought battle to overcome US competition concerns.

10 December 2013

Chevron resumes shale work in Romania despite protest Chevron said Sunday it has restarted work on its first shale gas exploration well in Romania, a day after protests forced the US energy giant to suspend the operation.

09 December 2013

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