Principal content
India’s Reliance eyes Carrefour stake
Reliance Industries is looking to buy a stake in France’s Carrefour in a move that would catapult India’s largest private sector group into the ranks of the world’s top retailers.
Dunn cleared in HP boardroom spying case
All charges dropped against former chairman
US stocks rally after renewed sell-offs
Dow drops briefly below 12,000
Related content and features
Repeal of online gaming ban sought
Frank calls law ‘one of the stupidest’ ever
GM warns of long road ahead to turnround
Wagoner: ‘Nobody at GM is declaring victory’
Polish witch-hunt ‘risks business chaos’
Law affects ex-informants now at listed companies
Lehman seeks to ease subprime fears
Shares drop in spite of record first quarter
Microsoft suing to evict ‘cybersquatters’
Alleged intellectual property infringements
Viacom seeks $1bn YouTube damages
‘Massive intentional copyright infringement’
Japan companies face EU shut-out
Difficulties over accounting standards
Lex
Smurfit IPO
With the market drowning in private equity takeovers, how refreshing it is to see a old fashioned IPO. On Wednesday, Smurfit Kappa re-listed on the London and Dublin exchanges.
Markets
Mortgage woes

Retail sales data, which disappointed traders, showed that the US consumer cannot be taken for granted. The fear is that problems in the mortgage market will damage consumption as a whole, writes John Authers.
Comment
The neocons have been consigned to history

Cheney has been proved wrong: invasion did not catalyse a new Mid-East; unilateralism has reduced US power, says Jacob Weisberg.