business Buzz

SEOUL, May 3 (UPI) -- South Korea approved a national emissions trading scheme covering 500 of the country's largest emitters. - United Press International - 15 Reads

NEW YORK, May 9 (UPI) -- Stocks on Wall Street tumbled Wednesday as a global rout extended into a second consecutive trading session. - United Press International - 15 Reads

TEHRAN, May 10 (UPI) -- With renewed investments in green energy technology, Tehran is well suited to export electricity to India, the Iranian energy minister said. - United Press International - 4 Reads

NEW YORK (AP) -- The core of his presidential candidacy under attack, Mitt Romney has yet to shape a playbook to defend a quarter-century in the business world that created great riches for himself and great hardship, at times, for some American workers.... - Associated Press - 18 Reads

Does the Web have room for one more social network? Microsoft thinks so. - CNN - 17 Reads

Plan to go on a wild drive? Here are some tips to navigate and conquer any terrain. - DNA - 4 Reads

Olli Rehn, EU-Commissioner for Economic Affairs, made the call in a speech on "restoring growth in Europe", on the eve of today's French presidential election. - DNA - 3 Reads

A year after it completed the acquisition of Patni Computer, iGATE Corporation on Monday announced its new identity, dropping Patni from its brand name. The new brand identity of the subsidiary of the US-based consulting, technology and BPO firm will be now just iGATE, the company said. - IBNLive - 8 Reads

India's largest lender State Bank of India (SBI) on Friday reported a forecast beating net profit of Rs 4,050 crore for the fourth quarter (Jan-March) of FY12 as against Rs 21 crore a year ago, aided by higher interest income and lower provisioning for non-performing loans. Analysts on an average had expected profit at Rs 3,580 crore. - IBNLive - 14 Reads

HONG KONG/SINGAPORE (Reuters) - Private equity firm CVC Capital has sold a $1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday. - Reuters - 17 Reads