business Buzz

NEW YORK, May 21 (UPI) -- U.S. stock indexes rose Monday despite disappointing numbers posted by high-tech hopeful Facebook. - United Press International - 19 Reads

LONDON (Reuters) - World shares and key commodities such as oil and copper gained for a second day on Tuesday on speculation that European leaders would agree on fresh action to tackle the region's debt crisis, and on reports China plans measures to boost sagging growth. - Reuters - 19 Reads

BEIJING/SHANGHAI (Reuters) - China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, showing how Premier Wen Jiabao's call for policies to support growth is being put into action. - Reuters - 19 Reads

WASHINGTON, May 9 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity rose marginally in the week ended Friday with interest rates inching lower. - United Press International - 17 Reads

JAKARTA, May 10 (UPI) -- With Asian economies producing close to half of the world's greenhouse gas emissions, they need to find the right balance for prosperity, a U.N. report finds. - United Press International - 14 Reads

By ANTHONY HALLUnited Press International Multibillion-dollar losses at JPMorgan Chase have turned into losses of personnel even as the firm's top executive kept up the apologies. - United Press International - 3 Reads

WASHINGTON, May 15 (UPI) -- Incremental increases in global oil production may translate to a doubling of oil prices by the next decade, the International Monetary Fund warns. - United Press International - 15 Reads

Essar Oil today reported a net loss of Rs515 crore for the March quarter, against a net profit of Rs321 crore in the year-ago period, despite a 29% growth in gross revenues to Rs19,160 crore. - DNA - 14 Reads

The Government on Tuesday said the global slow down due to the eurozone crisis has impacted the Indian economy and steps are being taken to tackle the situation. - IBNLive - 17 Reads

MUMBAI (Reuters) - U.S. private equity firm Warburg Pincus along with existing investors have pumped $32 million in fresh funds into Indian online classifieds firm Quickr, the e-commerce company said on Tuesday. - Reuters - 18 Reads