U.S. dollar falls as Bernanke affirms low rates
The dollar fell from four-week highs on Monday as Federal Reserve Chairman Ben Bernanke doused expectations the U.S. central bank would raise interest rates anytime soon. Bernanke said that while the U.S. economy has improved, the recovery remains fragile and the unemployment rate could remain high for some time. In remarks before the Economic Club of Washington, he added that he still sees an extended period of low rates. For his remarks, click on [ID:nN07169826].
German Mercedes staff wants job security until 2020
Daimler's German workforce, fearing more cars could be shifted to foreign plants just days after management decided to build a key model in its Alabama facility instead of in Sindelfingen, has demanded job guarantees until 2020.
GM taps Spencer Stuart to conduct CEO search -WSJ
General Motors Co has tapped recruiting firm Spencer Stuart to find a permanent chief executive with extensive global, manufacturing and turnaround experience, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
RUSAL IPO delayed as Hong Kong seeks answers
Russia's UC RUSAL will delay its $2 billion share flotation to 2010 after the Hong Kong bourse asked the world's top aluminium maker to meet conditions before its main owner can tap the market to service debts.
Daimler sees Mercedes sales up significantly in Q4
Daimler expects fourth-quarter sales volume at its Mercedes-Benz passenger car division to rise considerably in the fourth quarter as weak year-earlier figures helped flatter growth rates in November.
Jumbo buy of Super de Boer gets watchdog approval
Dutch grocer Super de Boer said on Monday the competition authority had approved its sale to rival Jumbo, and Chief Executive Jan Brouwer, who helped lead the company back to profitability, would resign.
Volkswagen gains control of 49.9 pct of Porsche AG
Volkswagen took the second step in its multi-stage integration with Porsche SE, acquiring on Monday a 49.9 percent stake in its sports car business for 3.9 billion euros ($5.8 billion).
Bernanke speech gives Wall Street small lift
Stocks modestly added to gains on Monday after Federal Reserve Chairman Ben Bernanke said the economy was improving, but the recovery was fragile and still faced headwinds.
China Pacific to raise up to $3.34 bln in IPO
China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer, plans to raise up to HK$25.9 billion ($3.34 billion) from a Hong Kong initial public offering, a source close to the deal said on Sunday.
Alexa Ray Joel cancels tree lighting show after overdose
Alexa Ray Joel, 23, the daughter of Billy Joel and his former wife Christie Brinkley, has canceled her scheduled performance at the New York Stock Exchange following news that she attempted suicide.
EU set to end Microsoft dispute next week: sources
The European Union and Microsoft are likely to end a decade-long dispute next week when EU antitrust regulators will accept the U.S. software company's amended offer on allowing consumer choice on Internet browsers, sources said.
US Products Outlook-Harbor heating oil steady on supply
High inventories of heating oil in the New York Harbor will likely keep differentials under pressure this week despite colder weather in the world's top heating oil market.
Language Line files for $400 mln IPO
Translation company Language Line Services Holdings Inc hopes to go public in an initial public offering that would raise as much as $400 million.
French ExonHit to buy U.S. diagnostics firm
French biotech ExonHit Therapeutics plans to use proceeds from a rights issue to buy a small diagnostics firm in the United States to expand use of its test for Alzheimer's disease, the company said on Monday.
JP Morgan wants only parts of ACS ports unit-sources
A JP Morgan infrastructure fund is in talks to buy only parts of Dragados SPL rather than the whole ports division of Spanish builder ACS, two people familiar with the matter said on Monday. The economic downturn has highlighted the disparity in value of some of the port unit's assets, with JP Morgan now only trying to acquire some of them, the sources said, adding the talks were still continuing.
Analyst: Barnes & Noble Nook delay may affect short term market share
Barnes & Noble Inc. said Monday that its Nook electronic reader will only be released in-store early 2010 as its still trying to fulfill the orders its already received. Customers can only try out demonstration models at the Barnes & Noble stores.
U.S. regulators look at privacy of consumer data
With companies able to collect and store vast amounts of data about consumers for very little money, the Federal Trade Commission held a conference on Monday to discuss guidelines on how firms use that data to advertise.
Big U.S. brokers lost clients to online firms: survey
Big, full-service brokerages have lost a significant chunk of business to online firms that told small investors they are better off making their own decisions, Aite Group said in a report.
SNL's Weekend Update jokes about Tiger Woods, skit video
Saturday Night Live featured several jokes about Tiger Woods during its Weekend Update segment with Seth Meyers over the weekend.
Staffing stocks surge on U.S. jobs data
Shares of staffing companies soared on Friday after a government report showing U.S. employers cut far fewer jobs than expected last month heralded increased demand for the companies' services as the labor market improves.
Google enters the sticker war
The doors of restaurants and barbershops are increasingly plastered with stickers touting various online rating services, from Yelp and Citysearch to the distinctive red crest of Zagat.
Tiger Woods apologizes for not keeping Chevron commitment
Professional golfer Tiger Woods currently in the middle of an affair scandal which was uncovered the day after Thanksgiving apologized on his website Sunday to Chevron for being unable to fulfill my duties as host and player in this important event.
U.S. job market makes steady gains in November: Conf Board
The U.S. job market rose slightly in November according to a report issued days after government data showing the lowest number of job cuts in that month since December 2007, a research group said on Monday.
Wall Street little changed ahead of Bernanke comments
Stocks were little changed on Monday as investors awaited comments from Federal Reserve Chairman Ben Bernanke and continued to digest recent data on the crucial labor market.
Markets need progress in Copenhagen, says Norway's SWF
Financial markets need global climate talks getting underway in Copenhagen to iron out a plan to price emissions more effectively and seal the switch to a low carbon economy, Europe's biggest investor told Reuters on Monday.
'Live Music gigs' target of phone thieves
Music-lovers watching their favorite acts at live concerts are increasingly becoming targets for gangs of mobile phone thieves, British police said on Monday.
UN climate chief defends findings after emails
The head of the U.N.'s panel of climate scientists on Monday strongly defended findings that humans are warming the planet, after critics said that leaked emails from a British university had undermined evidence.
EU set to accept Microsoft browser offer: sources
EU antitrust regulators are set to accept next week an amended offer by Microsoft that would allow PC users in Europe to choose other web browsers, two people familiar with the situation said on Monday.
Is NBC Universal worth $30 billion to Comcast?
At first blush, NBC Universal's $30 billion valuation appears high at a time when traditional media's advertising dollars are being siphoned off by the Web.
China Pacific proves a big money bet for Carlyle
The Carlyle Group , the U.S. buyout giant backing China Pacific Insurance (Group) Co Ltd, could make a $4 billion profit -- a return of more than six times its investment -- once China's No.3 life insurer floats shares in Hong Kong.
