IBT Staff Reporter

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Nanya: no plans for any role in Elpida-Micron deal

Taiwanese chipmaker Nanya Technology Corp denied on Monday any intention to join a possible tie-up between Japanese rival Elpida Memory Inc and Micron Technology, but its shares soared on hopes for consolidation in the struggling industry.

Asian shares, euro guarded over likely Greek debt deal

Asian shares inched down and the euro fell from its highest in more than six weeks Monday, as markets cautiously tuned in to a likely debt swap deal for Greece that is crucial to avoiding a messy default and eyed yet another European summit meeting.

Citigroup Chairman Parsons May Quit: Report

Citigroup's chairman, Richard Parsons, is considering giving up the position to focus on other interests, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

China's Wen: government debt risk controllable

China's Premier Wen Jiabao said the nation's government debt is at an overall safe and controllable level, that funding for key projects would be ensured and that applying the brakes to the problem would be done in a way to avoid systemic risks.

EU Leaders to Agree on Permanent Bailout Fund

EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation, with unresolved problems in Greece casting a shadow on the discussions.

Regulators Weigh Action on Huge UBS Trading Loss: Report

Regulators in Britain and Switzerland may take steps against bank UBS for shortfalls in oversight that allowed an alleged rogue trader to run up a huge loss, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.

Neeson's Grey wins box office weekend

Survival story The Grey starring Liam Neeson in a battle against weather and wolves led the box office pack with a better-than-expected $20 million in ticket sales over the weekend.

Replacement of Worn-Out Equipment Rises in Sign of Recovery

Delivery trucks wear out, computers break down, software becomes outdated -- and finally businesses have to start investing in new equipment. Companies that want to remain competitive have to start spending again as an economy slowly recovers.

Ian Abercrombie, Mr. Pitt on Seinfeld, dies at 77

Ian Ambercrombie, the classically trained British stage actor best known to American TV audiences as Elaine Benes' nutty boss Mr. Pitt on Seinfeld, died of a heart attack Thursday in Los Angeles. He was 77.

Screen actors get their say in Oscar race

After months of talking and weeks of voting, Hollywood's actors finally name their picks for the best performances in the films and TV shows of 2011 at the annual Screen Actors Guild Awards on Sunday.

Worn-out machines as leading indicator

Delivery trucks wear out, computers break down, software becomes outdated -- and finally businesses have to start investing in new equipment. Companies that want to remain competitive have to start spending again as an economy slowly recovers.

Super Bowl advertisers seek buzz on social media

In the age of Twitter and Facebook, many Super Bowl viewers will use the commercial breaks to go online and see what people are saying about the game. This year, advertisers want them to tweet about their favorite commercials as well.

Republican leaders expect payroll tax deal

Top Republican lawmakers on Sunday said they expect to forge a deal with Democrats to extend the payroll tax cut before it expires at the end of February but offered no specifics on how they would pay for it.

Quest for the golden cross

January has turned out to be strong for stocks with just two trading days to go. If you're afraid to miss the ride, there's still time to jump in. You just might want to wear a neck brace.

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