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Date: Saturday, 28 January, 2012 :: 13:13

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Starbucks boss earns only $15 million
Starbucks gave its CEO Howard Schultz a 16 million A15.01 million pay package in its 2011 fiscal year.Thats down 26 percent from the 22 million pay package in the prior year when he got a boost ...

Facebook IPO value could be $100 billion
When Facebook makes its long-expected debut as a public company this spring the social-networking giant will likely vault into the ranks of the largest public companies in the world alongside McDonalds ...

Chevron struggling to produce more oil
Chevron Corp which has spent more than 20 billion A18.7 billion a year since 2007 scouring the globe for new resources says it is struggling to produce more oil and natural gas. Production levels ...

UPDATE 10-Brent up on Iran; refinery work lifts U.S. gasoline
* Iran parliament to consider halting exports to EU * Bayway shut refinery unit lifts U.S. gasoline * U.S. GDP data below expectations * Coming up U.S. Feb oil products contracts expiry Tuesday Adds ...

PRECIOUS-Gold rises for third day after soft U.S. GDP data
* Lower-than-expected GDP data boosts safe-haven buying * Gold up for biggest weekly gain in three months * Breaks above resistance 100 DMA boosts technical buying * Silver set for 20 pct rise in January ...

Brent crude up as Iran warns supply halt to Europe
NEW YORK Jan 27 Reuters - Brent crude oil futuresended higher for a second straight day on Friday on supplydisruption fears as Iran warned it may halt oil exports toEurope as early as next week in response ...

U.S. crude ends lower on GDP data, eyes Iran
NEW YORK Jan 27 Reuters - U.S. crude futures ended lower Fridayafter erasing early gains as lower-than-expected U.S. GDP data for the fourthquarter of 2011 turned oil investors cautious though losses ...

Greek debt talks still cloud more upbeat Davos
The global elite had talked itself into an upbeat frame of mind as the Davos forum neared its climax on Saturday but the Greek debt crisis still hung heavily over proceedings.The annual World Economic ...

U.S. gasoline futures rally, hit near 5-month high
NEW YORK Jan 27 Reuters - U.S. gasoline futures shot up to nearfive-month highs on Friday in the wake of problems at the Bayway refinery inLinden New Jersey adding to supply worries after other refinery ...

Brent crude extends rise to more than $1
NEW YORK Jan 27 Reuters - Brent crude oil extendedgains to more than 1 a barrel on Friday as the possibility thatIrans parliament may vote on Sunday to halt exports to theEuropean Union kept fears ...

US economy picked up modestly in fourth quarter
The US economy picked up speed in the fourth quarter fresh data showed but it appeared to be still struggling to click into second gear as investment and consumer spending remained weak.The economy grew ...

Finance chiefs reassure Europe on track
Leading finance chiefs have sought to reassure anxious global business leaders that Europe is on track to solve its crippling debt crisis before it drags the worlds economies down.The finance chiefs ...

'We care about every worker': Apple CEO
Apple chief executive Tim Cook has responded to media reports alleging harsh working conditions in China for manufacturing employees of the popular gadget-maker.Cook who took over as chief executive from ...

US economy grows 2.8pc
The US economy grew at a 2.8 per cent annual rate in the final three months of last year its fastest growth in 2011.Americans spent more on cars and trucks and companies built up their stockpiles. But ...

U.S. crude turns lower after Q4 GDP below forecast
NEW YORK Jan 27 Reuters - U.S. crude futures turnedlower on Friday after a report showed a lower-than-expectedreading of fourth-quarter growth in the United States. U.S. crude was down 10 cents at 99.60 ...

Brent, U.S. crude pare gains after U.S. Q4 GDP data
NEW YORK Jan 27 Reuters - Brent and U.S. crudefutures pared gains on Friday after data showed the U.S. economygrew but at a slower pace than had been forecast pulling oilprices back after they had ...

Facebook may file for IPO next week: WSJ
Facebook may file papers for an initial public offering next week that would value the social network at up to 100 billion The Wall Street Journal reported Friday.The newspaper citing people familiar ...

Europe chiefs focus on positives at Davos
Europes financial chiefs have tried to soothe the fears of global chief executives and other political leaders insisting they have a handle on the eurozones troubles.European Monetary Affairs ...

Fitch cuts rating of five eurozone countries
Rating agency Fitch on Friday downgraded five eurozone countries including Italy and Spain citing their vulnerability to sharp turns in market sentiment amid Europes debt crisis.Fitch cut credit ...

Former Palm CEO Jon Rubinstein leaves HP
Former Palm chief executive Jon Rubinstein has left Hewlett-Packard less than two years after Palm was acquired by the computer giant.Jon has fulfilled his commitment to HP a company spokesman ...

NWS structure likely for Woodside's Browse
Woodside Petroleum is likely to replicate the ownership structure of its North West Shelf NWS operations at the planned Browse project although it may exclude Shell an analyst says.Fat Prophets industrial ...

Greece makes progess in debt writedown talks
Greece reached important understandings on a major debt writedown to escape a looming default and stem further turmoil in the eurozone private creditors said after holding fresh talks with ...

UniCredit capital increase declared a success
A key capital increase by the Italian bank UniCredit was declared a success on Friday with investors snapping up 99.8 percent of the new shares on offer.UniCredit said it raised 7.48 billion euros 10 ...

US economy picked up modestly in 4th quarter
The US economy picked up speed in the fourth quarter fresh data showed Friday but it appeared to be still struggling to click into second gear as investment and consumer spending remained weak.The economy ...

ECB chief, Geithner fuel hopes of taming eurozone crisis
European Central Bank president Mario Draghi said Friday the eurozone had made outstanding progress towards resolving its debt crisis as hopes grew for an imminent deal on Greeces debt ...

Greece a 'step away' from debt deal: minister
Greece said Friday that it was a step away from a major debt writedown as it resumed talks with private creditors to escape a looming default and stem further turmoil in the eurozone.Charles ...