IBT Staff Reporter

U.S. drug firm Endo Pharmaceuticals' gel designed to prevent infection with the AIDS virus has proved ineffective in trials in Africa, Britain's Medical Research Council (MRC) said on Monday.

Lloyds has completed a record 13.5 billion pound ($21.9 billion) rights issue, ending a turbulent period for the British bank and shifting investor focus to a potential government stake sale in 2010.

Citigroup said on Monday that it had reached a deal with U.S. regulators to repay $20 billion of shares held by the government by issuing $17 billion of stock and allowing it to exit the TARP program in 2010.

Wall Street was set to rise at the open on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.

Corrects second bullet point, fifth paragraph to make clear premium is pence not percent

Bailout for Dubai; Citi Seeks Independence; CadburyBid Battle

A photo of the Google phone, or the Nexus One - which Google employees are currently testing out and will go on sale in January - has been released on Twitter. The phone will be sold online by Google and it will be unlocked, allowing Google to have more control over the hardware and software without having too much network carrier interference.

Corrects 4th paragraph to show Citigroup Chairman Dick Parsons, not CEO Vikram Pandit, is due to met Obama

Toyota Motor Corp will begin selling affordable plug-in hybrid cars in 2011, upping the ante on General Motors and Nissan Motor as they aim to take the lead in the field of rechargeable cars.

British energy regulator Ofgem has announced a shortlist of six bidders competing to connect nine offshore wind projects to the grid in the first stage of a programme to connect up some 33 gigawatts (GW) by 2020.

The euro rose against the dollar on Monday after Dubai's announcement it had received help from Abu Dhabi to repay its debts warmed risk appetite.

The Canadian dollar fell on Monday morning as the price of oil, a key export that often influences the unit's price movements, dropped for a ninth straight session on concerns over weak fuel demand.

Exxon Mobil Corp will buy XTO Energy Inc, one of the largest U.S. natural gas producers, in an all-stock transaction valued at $41 billion including debt, the companies said on Monday.

The interbank cost of borrowing dollars and euros held near record lows on Monday as the market prepared for a U.S. policy decision and the final chance to get cheap one-year money from the ECB.

Citigroup today announced it will raise $20.5 billion in capital, mostly in common stock, after reaching an agreement with the U.S. to pay back a $20 billion bailout investment.

Brazilian Finance, controlled by Ourinvest Real Estate Holding and hedge fund firm TPG-Axon Capital Management, will issue new common and preferred stock to Coyote Trail LLC, a unit of Equity International, for an undisclosed sum.

Falling output of consumer goods pulled down euro zone industrial production in October and third-quarter employment shrank, data showed on Monday, indicating weak private demand and a fragile recovery ahead.

The dollar slipped on Monday after Dubai's announcement it had received help from Abu Dhabi to repay its debts bolstered risk appetite and eroded some of the U.S. currency's safe-haven appeal.

Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.

U.S. stock index futures rose on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.

As the name Three Black Crows suggests, this pattern consists of three consecutive black candles. A typical Three Black Crows formation preferably owns the following characteristics. * The real bodies of the candles are not small and even relatively long * The open of each candle falls into the real body of the previous candle * The close of each candle is below the close of the previous candle * The lower shadows of the candles are very small or do not exist at all (shaven b...

Britain's Cadbury said it has received interest from other bidders after raising its growth targets and reporting upbeat trading, as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods .

U.S. stock index futures rose on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back U.S. government funds.

As the name Three Advancing White Soldiers or rather Three White Soldiers suggests, this pattern consists of three consecutive white candles. A typical Three White Soldiers formation preferably owns the following characteristics.

Tweezers formation consists of two or more candles that either their high or their low is almost at the same level. They could representresistance or support levels in the chart or at least those instances that the market pauses for a while. If they appear at the extreme levels of trending markets they could represent reversal or correction in the trend. In my opinion while Tweezers is a useful pattern it could turn out to be misleading at times. Tweezers patterns represent continuation from tim...

Belt-Hold Line is a one candle pattern. It is basically a long real body with zero size or insignificant lower and/or upper shadows. The bullish belt-hold line pattern consists of a long white body (i.e. a bullish candle). If this pattern appears at the bottom of a down trend it could be a reversal sign with bullish implications (see image).

EU regulators signaled on Monday they could clear Oracle Corp's $7 billion takeover of Sun Microsystems after the U.S. software company promised measures to ease competition concerns.

The word Harami in Japanese means pregnant. A Harami candle formation is a two candlestick pattern. In an ideal form the first candle has a longreal body and the second candle is a spinning top . The real body of the second candle is located within the body of the first candle. In other words open and close of the second candle are within the open and close of the first candle. The Harami pattern is similar to the inside day Western pattern. If the second candle is adoji then Harami is called ...

The cost of insuring Dubai sovereign debt plummeted by more than 120 basis points on Monday after the emirate surprised markets with an announcement that it had obtained a $10 billion lifeline from neighbouring Abu Dhabi to help repay some of its debt. [ID:nLDE5BD0FV]