The Japanese government has approved a record level of spending of 92.4 trillion yen ($1.1tn; £711bn) for the next financial year.

The cabinet agreed the draft budget, which must still be approved by parliament before 31 March.
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The FTSE 100 index has closed above 6,000 points for the first time since June 2008.  The index of blue chip shares broke through the symbolic mark to finish up 12.85 points, or 0.2%, at 6008.92.

A late rally in retail stocks helped the index as investors bet on a late surge in consumers’ Christmas spending.
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The number of new mortgages being approved for house buyers has fallen for the sixth month in a row, Bank of England figures show.

There were 47,185 mortgage approvals in October, down slightly from September’s level and 17% lower than in
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Microsoft’s first-quarter sales of $16.2 billion rose 25% from last year, thanks to strong showings from Office 2010, Windows 7 and Xbox 360.

Microsoft’s net income jumped 51% from last year, to $5.41 billion, or 62 cents per share. The company easily topped analyst estimates for both sales and earnings.
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While heading to a private college is still more expensive than going to a state school, tuition and fees are climbing at a faster pace at public schools than at their private brethren.

For the school year 2010-11, in-state tuition and fees at public four-year
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Petrobras raises record $70 billion
petrobras raised $70 billion on 23 sept in the world’s biggest share offering. this will give the company financial power to tap vast offshore oil reserves. petrobras aims to turn Brazil into a major energy
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APGenco gets $2 Billion loan from PFC, REC
APGenco of andhra will get $2 Billion loan for two of its projects from the PFC and RFC.

The PFC has sanctioned amount of $1.2 billion for setting up
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A merger between United Airlines and Continental Airlines has been cleared by the US Justice Department.

An anti-competition probe ended after the firms agreed to give up some slots at Newark airport hub to low-fare carrier Southwest Airlines.

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The annual percentage rate can seem like calculus to most people. It’s some arcane and hard to understand method to help credit card companies know how much money to charge you every month for interest. The problem is—that makes the annual percentage rate, or APR, very important if you use your credit card. So it’s just as
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The US economy grew 1.6% in the second quarter, revised down from a first estimate of 2.4%. The figures were better than most analysts had expected.

Recent data on the US economy had raised worries that the US was entering a double-dip recession, dragging the rest of the world with
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