World Business News
nsurance giant AIG has reported a big increase in fourth-quarter profit, due to a $17.7bn (£11.2bn) tax benefit.
US President Barack Obama has warned that there are no "silver bullets" for bringing fuel prices down quickly.
State-run miner Coal India (COAL.NS) posted a better-than-expected 54 percent rise in its December-quarter net profit, helped by strong production volumes and a price increase effected last February.
Wal-Mart Stores Inc's price cuts hurt its fourth-quarter profit, reminding investors that steps the world's largest retailer is taking to bring back shoppers do come at a cost.
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