MUMBAI, Feb 27- The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country's burgeoning cafe culture draws global giants Starbucks and McDonald's. Cafe Coffee Day, a cafe pioneer in India, aims to list a 20 percent stake, raising roughly $200 million, within the next...» Read More
HOUSTON-- Schlumberger's exposure to global markets separated it from the pack as the world's biggest oilfield service company posted a 10 percent jump in net income during the third quarter.
LONDON-- The families of several British soldiers who were killed in Iraq can sue their government for negligence, a court ruled Friday. The High Court backed the families last year, but the Ministry of Defense appealed. On Friday the Court of Appeal agreed with the previous ruling that the families can sue the government for damages on negligence grounds.
NEW YORK-- Marvell Technology Group Ltd.' s stock tumbled nearly 10 percent in premarket trading Friday after the computer chip maker cut its fiscal third-quarter revenue forecast, citing weakness in the personal computer market, and said its chief financial officer resigned.
MADRID-- Spain's main trade unions on Friday called a general strike for Nov. 14, coinciding with similar demonstrations in Portugal and Greece, to protest government-imposed austerity measures and labor reforms. The Workers' Commissions and General Workers' unions called the general strike _ the second to be held in Spain this year.
MANILA, Philippines-- A senior official said Friday China wants to improve relations with the Philippines following a strain in relations over a territorial dispute in the South China Sea.
BEIJING-- China flexed some maritime muscle Friday in its dispute with Japan over a chain of uninhabited islands, holding naval exercises in the East China Sea to demonstrate its ability to enforce offshore territorial claims. Tokyo angered Beijing last month by nationalizing some of the islands, in a move that sparked violent protests in China.
NEW YORK-- Shares of Google Inc. perked up in premarket trading Friday as analysts soothed investors shocked by an earnings report that dropped prematurely on Thursday. Google was supposed to release its report after the market closed Thursday, but they leaked prematurely, setting off the stock plunge.
TOKYO-- A philanthropic organization working with the Japanese government will give $3 million in humanitarian aid to Myanmar's armed ethnic minorities, saying it's the first such aid approved by Myanmar's government.
SAN FRANCISCO-- A Las Vegas developer has been bounced between tribal and federal court in an effort to protect his financial interest in the Grand Canyon Skywalk, a popular glass bridge that extends from the canyon's edge on tribal land in western Arizona.
DETROIT-- Federal safety regulators are investigating complaints that Jeep Patriot SUV engines can stall without warning at highway speeds. The probe by the National Highway Traffic Safety Administration affects about 112,000 Patriots from the 2011 and 2012 model years. The U.S. safety agency says it received a dozen complaints about stalling.
By early afternoon in Europe, benchmark crude for November delivery was up 36 cents to $92.46 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which many U.S. refiners use to make gasoline, was up 40 cents to $112.82 a barrel on the ICE Futures exchange in London.
JACKSONVILLE, Fla.-- Two Rottweilers killed an 83- year-old man in Alabama. A two-day old infant was mauled to death in Pennsylvania. A two-year-old girl died after she was bitten by a pit bull in West Virginia.
WASHINGTON-- Mitt Romney's transition team is quietly talking with government officials and Capitol Hill to develop a plan, if he's elected, to prevent massive cuts to the defense budget and extend tax cuts first passed under President George W. Bush. The economic policy planning is a major element of what's dubbed " The Readiness Project" inside the campaign.
This five-foot-tall character with a foam head painted with outrageous red lips, a shrill voice and a penchant for salacious details rules Puerto Rico's gossip circuit, with legions tuning into her show every afternoon ready for the latest bombshell.
NEW YORK-- Three small, silver spoons elegantly engraved with the words "Waldorf Astoria" have come full circle: Stolen eight decades ago by an employee of the famed hotel, they passed through two Brooklyn homes and another three in New Jersey.
Showtime series "Homeland," is supposed to be Beirut. But it is really in Israel, a country similar enough in some areas to stand in for Lebanon, yet a world away in most other respects. And in Israel, some are peeved that Haifa and even Tel Aviv _ a self-styled nightlife capital and high-tech hub _ apparently appear, to outsiders at least, to be Middle Eastern after all.