IBT Staff Reporter

Greystar Resources, which owns a gold project next to acquisition-target Ventana Gold's closely watched site in Colombia, could also be on the radar screen of larger mining companies looking to buy their way into the region, Canaccord Adams said on Monday.

A union representing workers at British confectioner Cadbury asked hostile bidder Kraft for a promise on employment security on Monday, saying it was increasingly worried about massive job losses.

Dubai's government said on Monday it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets.

U.S. stocks declined moderately on Monday as weak data on holiday retail sales prompted questions about the consumer's ability to spend.

Global semiconductor sales rose 5.1 percent in October sequentially, spurred by strength across all regions as electronic equipment manufacturers boost production for the holiday season, the Semiconductor Industry Association (SIA) said.

Nokia plans to install Linux software on just one new smartphone next year, a source told Reuters on Monday, dampening prospects of a quick makeover of the Finnish group's struggling product line-up.

U.S. stocks fell on Monday as investors worried that the holiday shopping season might have gotten off to a tepid start as consumers trimmed purchases over the Thanksgiving Day holiday amid concerns about an uncertain economy.

Passenger demand in October rose 0.5 percent from a year ago, while air freight fell 0.5 percent, International Air Transport Association data showed on Monday.

Serena Williams was fined a record amount of $82,500 by the Grand Slam Administration for her outburst at the U.S. Open 2009 semifinals, the Associated Press reports today.

Tennis star Serena Williams received a record fine of $82,500 for her outburst at this year's US Open and could face suspension from the tournament if she has another major offense in the upcoming two years the Grand Slam committee said Monday.

A French court fined eBay Inc 1.7 million euros ($2.6 million) for violating a 2008 injunction that prevents French users of the online auction site from buying or selling LVMH perfumes and cosmetics on any eBay website.

Shares of Best Buy Co Inc , Amazon.com and American Eagle Outfitters Inc rose on Monday morning as investors bet they were gaining a larger share of spending over the holiday shopping season.

The world should cut greenhouse gas emissions by 50 percent by 2050 from 1990 levels with the bulk of the reduction coming from rich countries, according to a draft proposal by Denmark, host of Dec 7-18 U.N. climate talks.

Wind and solar park developer Scan Energy cut its expectations for what will likely be the second-largest initial public offering in Germany in 2009, after Hochtief also hit a cautious note on its planned unit IPO.

Tiger Woods' alleged mistress Rachel Uchitel, 34 has denied any involvement with the player despite admitting she met him twice.

Primary market prices for carbon offsets generated by clean energy projects under the Kyoto Protocol fell to their lowest level since July, analysts IDEAcarbon said late on Friday.

In the chill of a massive cave beneath an orthodox Christian cathedral, a city power firm is preparing what it thinks will be the greenest data center on the planet.

Citigroup Inc on Monday named Willem Buiter as the bank's new chief economist replacing Lewis Alexander, the bank said.

Investors took a dim view of early holiday season sales on Monday, with shares of Best Buy , Amazon and American Eagle Outfitters among the few positive performers on hopes they were gaining a larger share of consumer spending.

Finland's UPM-Kymmene, Metso and Fortum said on Monday they could start making wood-based bio-fuel by 2012, seeking to tap growing demand for green energy.

Atlantis Resources Corp is to test the world's biggest tidal turbine in the rough waters off the Orkney Islands next year in preparation for Scotland's plan to use ocean energy for half a million homes by 2020.

Denmark said on Monday it was consulting governments on several proposals for a U.N. climate deal in Copenhagen and could not put forward a compromise text until next month's meeting.

U.S. stocks edged higher in choppy trade on Monday on optimism over holiday retail sales and a stronger-than-expected report on Midwest business activity.

Dubai's debt crisis could be China's opportunity to snap up gold and oil assets, a senior Chinese official said in remarks published on Monday.

Australia's key policy to fight global warming limped closer to defeat on Monday with parliament set to delay or reject the government's carbon emissions trade scheme, raising the chances of an early election.

India's Tata Group is planning to produce hybrid versions of its Nano, billed as the world's cheapest car, to join in the environment-friendly trend, its chairman said in an interview with a South Korean newspaper.

Australia's major rivers are shrinking and farms are gripped by drought as scientists warn of climate change, but that has not convinced some skeptical politicians to back carbon-trade laws.

Maxis Bhd, Malaysia's largest mobile phone service provider, said growth in voice and data subscription drove pretax profit up by 4 percent, in its first quarterly results since listing this month.

Thailand's top listed television broadcaster, BEC World, said on Monday it expected its 2009 net profit to be lower than the 2.8 billion baht ($84 million) earned in 2008 due to the weak economy.