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AOL investment may be impaired: Google

Google's 5% stake in AOL may be worth less than the $1 bn the Web company paid for it in 2006.

ArcelorMittal would invest $1.6 bn to enhance crude steel production capacity in Brazil.

Citigroup and Merrill Lynch would buy back billions of dollars of illiquid auction-rate securities from retail clients.

Asian stocks fell on Thursday, as a sustained decline in oil prices not shake a sense of gloom.

The Asian Development Bank is planning to hold on to its 5.2% stake in gas importer Petronet LNG.

Olympics will enhance China's attractiveness as an investment destination, but there is still plenty that could chill the sentiment.

McDonald's said it was considering further price increases, but would do nothing that slowed customer traffic.

Geneva meeting was seen as the last chance to strike a deal on key agricultural trade issues.

Standard Life posted a 51 pct rise in first-half profit on Wednesday, boosted by one-off gains.

Yahoo confirmed Icahn as a director, while board member Kotick tendered his resignation as part of a previously announced deal.

The dollar struck a seven-week high against yen on Wednesday, supported by sliding oil prices.

The Web search leader said the latest version of the Google Search Appliance can store up to 10 mn documents in a single box.

Gloom for the airline industry deepened on Wednesday as soaring fuel costs drove Hong Kong's Cathay Pacific to a first-half loss.

Google has launched a music service in China that will give users access to free downloads.