IBT Staff Reporter

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Sanofi's shares slip as reveals Genzyme talks

Sanofi-Aventis shares fell 2 percent on Monday after the French drugmaker said it was in direct talks with bid target Genzyme but that significant differences remained over the price of its offer.

Portugal doesn't need aid, says Spain EconMin

Portugal does not need to apply for EU aid, Spain's Economy Minister said on Monday, as pressure mounted on Lisbon to seek outside help in managing its finances and risk premiums on both countries' debt widened.

Air France sees 70 million euros hit from weather

Air France-KLM saw a 2 percent increase in passenger traffic in December after heavy snowfall across Europe and the U.S. that will shave an estimated 70 million euros ($90.36 million) off revenues, the airline group said on Monday.

U.S. to be allowed to probe Lehman UK auditors: report

The United States and UK have settled a jurisdictional dispute that will allow U.S. inspectors to examine whether the British auditors of Lehman Brothers Holdings improperly cleared questionable accounting, Bloomberg said on Monday.

Nintendo to ship 1.5 million 3DS in Japan: report

Nintendo Co plans to ship about 1.5 million units of the 3D-capable handheld game players in Japan in the first month after its launch on February 26, President Satoru Iwata said in an interview with the Nikkei business daily published on Monday.

Stock index futures fall; eyes on Alcoa

U.S. stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.52 percent, Dow Jones futures down 0.44 percent and Nasdaq 100 futures down 0.35 percent at 4:05 a.m. EST.

Disney and Yahoo in internet TV content talks: report

Walt Disney Co is in discussions on allowing content from some of its television networks to be available on sets embedded with Yahoo Inc's Internet-TV software, the Wall Street Journal said, citing people familiar with the matter.

China's trade surplus dips, taking heat off yuan

China's trade surplus narrowed in 2010 for the second straight year, giving Beijing grounds to rebuff U.S. pressure for faster currency appreciation ahead of President Hu Jintao's visit to Washington next week.

Apollo, others considering Sara Lee buyout: source

A group of private equity firms including Apollo Global Management is interested in a buyout of food and beverage company Sara Lee Corp , and has made an approach to the company, a source familiar with the situation said on Sunday.

Euro stuck at 4-month low vs dollar; stocks flat

Mounting fears over sovereign debt in the euro zone kept the euro tethered to four-month lows against the dollar on Monday, with investors nervous ahead of a flurry of bond sales from the region's weaker states.

DuPont strikes $5.8 billion Danisco deal

U.S. Chemicals firm DuPont said on Sunday it will buy Danish food ingredients and enzymes firm Danisco for $5.8 billion, in a rare large deal that should boost its position in the fast-growing food sector.

China may launch first-ever property tax in Q1

China is set to further clamp down on the country's buoyant housing market by imposing a long-debated property tax for the first time in the southwestern city of Chongqing, domestic media reported on Monday.

DuPont close to deal for Danisco: report

Chemicals maker DuPont is close to a deal to buy Danish food ingredients and enzymes company Danisco for more than $5 billion, the Wall Street Journal reported on Sunday.

Detroit auto show to open with newfound optimism

The most significant arrival at this year's Detroit auto show is something of a throwback to the heady days of the late 1990s: optimism that growth is accelerating in an infamously cyclical industry.

Portugal under pressure to seek EU/IMF aid: source

Pressure is growing on Portugal from Germany, France and other euro zone countries to seek financial help from the EU and IMF to stop the bloc's debt crisis from spreading, a senior euro zone source said on Sunday.

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