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Ford's union workers said to reject givebacks US rivals got
Ford Motor Co hourly employees have rejected contract concessions the automaker said it needed to remain competitive with its US rivals, said two people familiar with the outcome of the voting.

Dubai World owes us $ 1.9 bn: Abu Dhabi Commercial
Abu Dhabi Commercial Bank PJSC may be owed $1.9 billion by Dubai World, making it the largest creditor outside the emirate to the state company seeking to reschedule debt, said two people familiar with the companies.

News of the day

Sops for select exporters on cards: Sharma
The government may selectively extend more sops to exporters rather than withdrawing the stimulus given to them last year in the face of global slowdown, Commerce and Industry Minister Anand Sharma has said.
Home Business

Weakness persists

The bears seem to have the upperhand for the last hour or so. The Sensex is now down 100 points at 17,601. The Nifty is down 26 points at 5,255. ___________________________________________________ SRK stands by his IPL remarks, says India a welcoming place Obama proposes substantial jump in aid to Pak Oil rises on bullish US manufacturing data IT stocks have extended their previous day"s losses as the rupee has strengthened to a 15-month high. And auto stocks are correcting after gaining splendidly in the recent past. Tata Motors has slipped by Rs 26 or 3.2% to Rs 786 to be the top loser on the BSE. TCS, Wipro and Infosys have dropped more than 2% each at Rs 716, Rs 677 and Rs 2531 respectively. Grasim, Jaiprakash Associates and M&M are the other major losers. The market breadth is positive. Out of 2,738 stocks traded on the BSE, there are 1,685 advancing stocks as against 976 declines.


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