Mirroring Cleveland, not Mountain View, Calif., may be a more realistic way for developing economies to encourage entrepreneurship.» Read More
*Lawsuit stems from pollution costs that pushed Tronox into Chapter 11. NEW YORK, Dec 12- Anadarko Petroleum Corp and its Kerr-McGee unit acted with "intent to hinder" when they spun off Tronox, the paint materials company that later went bankrupt, and should pay billions of dollars in environmental cleanup costs, a judge ruled on Thursday.
BEIJING, Dec 13- A China state television investigative report accusing Starbucks of overcharging local customers for coffee triggered enormous disquiet among journalists at the network and even some soul-searching after it aired.
NEW DELHI/ MUMBAI, Dec 13- India's Micromax, which has become the country's No. 2 smartphone brand just five years after selling its first handset- a $30 made-in- China model- is looking to go upmarket and overseas. Among all types of phones, Micromax ranks third in India after Nokia and Samsung Electronics.
BUENOS AIRES/ BRUSSELS, Dec 12- Europe and South America are seeking more time to agree a free-trade pact and will extend a year-end deadline to say how far they are willing to go to open up their markets into early next year, officials said on Thursday.
Dec 12- Network equipment maker Ciena Corp forecast current-quarter revenue largely below Wall Street estimates as its telecom customers held back on spending in the last few months of the year. Ciena shares fell as much as 6 percent after the company also reported lower-than-expected fourth-quarter profit due to higher costs.
BANGKOK, Dec 12- The heads of Thailand's powerful military agreed on Thursday to a weekend meeting with the leader of the movement seeking to overthrow Prime Minister Yingluck Shinawatra, deepening uncertainty about the country's immediate political future.
LONDON, Dec 12- Iran has bought up to 100,000 tonnes of Indian raw sugar in rare deals as a wider number of foreign suppliers aim to sell Tehran agricultural commodities after last month's nuclear deal.
Dec 12- Network equipment maker Ciena Corp reported a lower-than-expected quarterly profit as costs rose 20 percent and forecast current-quarter revenue largely below Wall Street estimates, sending its shares down 11 percent before the bell.
NEW DELHI/ HELSINKI, Dec 12- Nokia has won an appeal to release a local factory seized by authorities in a tax dispute, allowing the transfer of the plant as part of the sale of its mobile phone business to Microsoft. Nokia had appealed its seizure and was trying to resolve the dispute ahead of the closure of the 5.4 billion euro Microsoft deal.
KOLKATA, India, Dec 12- India is waiting for Iran to tell it how to make payments for oil allowed under last month's deal with global powers on sanctions and will pay in instalments, Reserve Bank of India Deputy Governor H.R. Khan said on Thursday.
Dec 12- Network equipment maker Ciena Corp reported a lower-than-expected quarterly profit as costs rose 20 percent, sending its shares down 8 percent before the bell. Ciena's net loss narrowed to $9.8 million, or 9 cents per share in the fourth quarter, from $38.8 million, or 39 cents per share, a year earlier.
SAN ANTONIO-- Tens of thousands of women each year might be able to skip at least some of the grueling treatments for breast cancer _ which can include surgery, heavy chemo and radiation _ without greatly harming their odds of survival, new research suggests. The research is aimed at curbing overtreatment, a big problem in cancer care.
BRP, which was spun off from Bombardier Inc in 2003, listed on the Toronto Stock Exchange in May. The company's competitors include Arctic Cat Inc, Polaris Industries Inc and Yamaha Motor Co Ltd.. The company's shares closed at C $26.83 on the Toronto Stock Exchange on Wednesday.
*Police ordered to protect PM's office but not confront protesters. BANGKOK, Dec 12- The head of Thailand's armed forces has turned down a request for a meeting in a huge blow to the leader of anti-government protesters who had asked police and military chiefs to choose sides in the crisis amid dwindling public support.
NEW DELHI, Dec 12- An Indian court on Thursday accepted an appeal by Nokia to release its local factory after it was seized by authorities in a tax dispute, removing a hurdle to the sale of the company's mobile phone business to Microsoft. The plant in the southern city of Chennai is one of Nokia's biggest phone-making factories.
*Some tourists avoid Bangkok, go to Phuket or elsewhere. BANGKOK, Dec 12- Political unrest in Thailand that has forced the prime minister to call an early election could further delay infrastructure projects expected to support the economy in 2014 and hit tourism, possibly sending the current account into deficit.
MUMBAI, Dec 12- Chef Matteo Boglione, at the newly opened Le Cirque Signature in Mumbai, says that when he was getting started at the offshoot of one of New York's elite restaurants he was told repeatedly: "We want more vegetables".
BANGALORE, Dec 12- Indian shares are forecast to scale new highs next year after elections, attracting offshore funds despite an expected rough period for emerging markets when the U.S.
*To cost Indonesia $1.6 bln in lost revenue, or 0.6 pct of GDP growth next year. JAKARTA, Dec 12- Freeport McMoRan Copper& Gold warned that Indonesia's plan to ban mineral exports from next month would cut the firm's revenues in the country by 65 percent, costing Southeast Asia's biggest economy $1.6 billion in lost revenue next year.
*Protest leaders wants to meet police, army chiefs. BANGKOK, Dec 12- Anti-government protesters in Thailand pinned their hopes on winning support from the powerful security forces on Thursday as they push to oust Prime Minister Yingluck Shinawatra and install an unelected administration.