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Ford surprises with quarterly profit

Ford Motor Co surprised Wall Street with a quarterly profit on Monday and raised its 2011 outlook to solidly profitable, sending its shares up 5.7 percent in premarket trading.

Automakers gird for new normal

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As automakers, parts suppliers and car retailers ready business plans for next year and beyond, the experience of the industry's 2009 crash has made caution the new byword.

APEC to call for extra push on 2010 Doha deal: draft

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Leaders of the 21 APEC economies are concerned that high level political commitment to conclude the Doha Round of world trade talks has yet to translate into substantive progress and called for a deal next year, a draft statement from the grouping seen by Reuters on Monday said.
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North Korea calls for direct talks with U.S.

North Korea called on Monday for direct talks with its long-time foe, the United States, and gave the clearest signal so far it was ready to return to nuclear disarmament talks it has boycotted for almost a year.
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GMO approvals won't unblock EU soybean imports-trade

EU soybean and soymeal imports are unlikely to return to normal levels despite the EU's decision on Friday to authorise three maize types containing genetically-modified organisms (GMOs), industry associations said on Monday.
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RBS faces more forced sales in UK bank shake-up

A deal between Royal Bank of Scotland, EU regulators and the UK government could include unplanned disposals, the bank said for the first time on Monday, ahead of a radical shake-up of the UK banking sector.
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Temasek eyes AXA China stake, valued at $1.05 billion

Singapore's state investor Temasek, Blackstone Group and KKR are among the firms expected to submit bids soon for AXA's stake in China's No.4 life insurer Taikang, sources said, an investment AXA values at $1.05 billion.
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Elton John aims for return to stage after illness

Elton John is recovering in hospital from a serious case of e-coli bacterial infection and influenza that forced him to cancel a string of concerts, but he hoped to return to the stage soon, a spokesman said on Monday.
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Oil rises above $77, China data supports

Oil rose above $77 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.
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Twilight sequel soundtrack hopes to make killing

Just in case you've been in a sight-, sound- and Twitter-deprivation tank for the past two years, here's the lowdown on the Twilight franchise: It's a series of four books written by Stephenie Meyer about Bella, a human girl who hearts Edward, a vampire boy. This is awkward, due to Edward's predilection for snacking on platelets, but also because high school relationships are invariably angsty a...
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Jackson tragedy begets cinematic triumph

For This Is It, Michael Jackson's planned 50-concert residency at London's O2 Arena, the star's sudden death really could have been it, with millions of dollars lost for producer/promoter AEG Live and the star's vision never realized.
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Holiday shoppers' search extends to social media

From Facebook to Twitter to YouTube, retailers and food chains plan to use social media this holiday season to get their brands in front of consumers and possibly win a bigger piece of their limited shopping budgets.

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