World Business News

The Sensex was flat with a positive bias in early trade, supported by oil & gas, banks, FMCG and auto stocks. Asian markets too were trading marginally higher. The Sensex was up 66 points at 15,948.75 and the Nifty rose 13.75 points to 4,763.40.

Yahoo Inc named Scott Thompson, president of eBay Inc's PayPal division, as its new CEO on Wednesday.

China's Alibaba Group has hired a US lobbying firm, fuelling further speculation that it is preparing a bid for Yahoo.

Weak demand for long-term Italian bonds at its final auction of the year Thursday sent the yield of the country's 10-year debt above the troubling 7% level.