IBT Staff Reporter

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IMF offers Greece help, talks set for April 12

The International Monetary Fund is ready to contribute financing for Greece through a multi-year stand-by loan arrangement and will hold talks on the matter in Brussels on April 12, IMF Managing Director Dominique Strauss-Kahn said on Sunday.

Mirant to take over RRI to create GenOn Energy

Mirant Corp agreed to take over rival RRI Energy , creating one of the largest U.S. independent power producers and cutting costs as they deal with weak electricity prices that have challenged the entire industry.

Strong stocks face earnings test

U.S. stock investors will watch the earnings numbers flow in this week to see how much momentum the rally can get from early profit reports.

U.S. funds buy into UK defense firm Qinetic

Two funds have taken stakes in British defense technology firm Qinetiq , underlying hopes of a significant shake-up of the group under new CEO Leo Quinn, according to a report in the Sunday Times.

Tech earnings look strong, but may not satisfy

Investors are expecting strong quarterly results from major U.S. technology companies over the next few weeks, but a stronger dollar and elevated expectations could mute any effects on stocks.

Eurozone details $40.5 billion aid plan for Greece

Euro zone finance ministers unanimously approved a detailed 30 billion euro ($40.5 billion) emergency aid mechanism for debt-plagued Greece on Sunday but stressed it had not requested that the plan be activated now.

Water restrictions eases further

Australia has lesser problems when it comes to their watering times with their reservoir levels 10 percent above the normal level for this year.

Oil Market Summary for 04/05/2010 to 04/09/2010

Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories in both crude oil and gasoline. The benchmark West Texas Intermediate contract settled at $84.92 a barrel on Friday, only 5 cents ahead of the previous week's Thursday close after surging above $87 a barrel early in the week and then declining for three straight sessions.

Eurogroup telecon to discuss Greece safety net Sunday

Euro zone finance ministers will hold talks on Sunday to detail how a safety net for Greece would work, European officials said on Saturday, as Greece's prime minister indicated Athens may use the mechanism if necessary.

Eurogroup teleconference to discuss Greece safety net

Euro zone finance ministers will hold talks on Sunday to detail how a safety net for Greece would work, European officials said on Saturday, as Greece's prime minister indicated Athens may use the mechanism if necessary.

Eurogroup to hold teleconference on Greece

Euro zone finance ministers, the European Central Bank and the European Commission will hold a teleconference on Greece on Sunday, a spokesman for Eurogroup President Jean-Claude Juncker said on Saturday.

Halliburton agrees to buy Boots & Coots

Halliburton said on Friday it agreed to buy Boots & Coots , a company that provides pressure control services for oil and gas wells, in a stock and cash deal worth about $240 million.

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