music publisher Chrysalis Group is being sold for £107.4m. Chrysalis is being bought by German rival Bertelsmann Media Group (BMG) and private equity firm Kohlberg Kravis Roberts (KKR). London-based Chrysalis controls the publishing rights to songs by

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HSBC has named its new UK management team as part of a reshuffle at the top of the bank under incoming group chief executive Stuart Gulliver. Brian Robertson, currently group risk officer, will be in charge of the group’s operations in the UK and continental Europe.

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Italian energy company ENI has signed a $17bn (£11bn) deal with Venezuela to develop crude oil fields and build a refinery. Working with the state-owned oil company Petroleos de Venezuela (PDVSA), ENI will develop a major oil field in the eastern Orinoco river basin.

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The Federal Reserve will announce later its plans to stimulate the US economy, with expectations high that they will feature the reintroduction of so-called quantitative easing (QE). Many analysts expect the Fed to start pumping around $500bn (£310bn) into the economy to boost the fragile recovery.

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The US economy grew at an annualised rate of 2% in the July-to-September period, an acceleration on the previous quarter, official figures have shown. The expansion came despite continuing high unemployment and weakness in the housing market.

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Google is suing the US government, saying it was unfairly excluded from a $58m deal to revamp e-mail systems at the Department of the Interior. In a lawsuit filed with the US Court of Federal Claims, Google says the

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power grid fpo price power grid FPO price band is expected to be Rs95 to Rs100 and retail investors will get discount of 5% on issue price of Rs100

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