Royal Mail stake to be sold off, George Osborne announces

The government's remaining 30% stake in the Royal Mail is to be sold and £3bn cut from government spending this year,

George Osborne has said.

Obama Budget Cuts Set to Squeeze Infosys’ Sales: Corporate India

nfosys Ltd. (INFO), the Indian software developer which plunged last week after forecasting sales that lagged estimates, may struggle to win clients as U.S. President Barack Obama’s $85 billion in spending cuts prompts companies to rein in spending.

Goldman chiefs got $65m of share awards before tax vote

Goldman Sachs chief Lloyd Blankfein and nine other executives exercised stock options worth $65m (£40m) hours before US politicians voted in favour of higher tax rates on wealthy individuals as part of its "fiscal cliff" deal, filings show.