Wal-Mart buys controlling stake in Yihaodian
World's largest retailer seeks new revenue sources to fend off increasing competition
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RBI raises bank rate by 350 bps
Bank rate now will be 9.5% with immediate effect as against 6% earlier
Starbucks, Tata Global announce 50:50 JV
Tata Starbucks to invest Rs 400 crore and introduce 30-50 outlets in India in 2012
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Jesse Bhattal resigns from Japanese brokerage Nomura
Japanese brokerage Nomura Holdings Inc will reorganize is business
Swiss National Bank chairman Philipp Hildebrand resigns
Vice Chairman Thomas Jordan will hold the position of chairman of the SNB governing board
Renault deputy managing director Sudhir Rao quits
Sudhir Rao played a diversified role in contributing to set up Renault's Oragadam plant
Yahoo appoints Scott Thompson as CEO
Yahoo's chief financial officer Tim Morse has been the interim CEO since Bartz's expulsion
Starbucks raises select beverage prices by 1%
Rising commodity costs has led to price hike of beverages in the Northeast and South
Tim discusses AT&T decision to abandon $39 bln takeover bid
Tim Horan talks about AT&T Inc's decision to abandon a $39 billion takeover bid
