IBT Staff Reporter

110521-110550 (out of 154944)

Com Dev sees lower Q4 results

Canadian satellite technology company Com Dev International Ltd said it expects to post lower fourth-quarter results, hurt by weakness in two of its domestic government programs.

Global chip sales rise

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 said.

Carbon, power prices may soar by 2013 -Eurelectric

European carbon prices could soar in the next three years, pushing up electricity prices with them, unless electricity companies have greater access to future carbon permits, EU industry body Eurelectric said on Monday.

Brazil's OGX finds hydrocarbons in Albiano field

Brazilian oil and gas company OGX Petroleo e Gas Participacoes said on Monday it had made a promising discovery of hydrocarbons in the Albiano field in the Campos basin off the coast of Rio de Janeiro.

Global chip sales rise 5 pct in Oct vs Sept - SIA

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.

Brazil's Fleury seeks to raise $334 mln in IPO

Brazilian medical services company Fleury and its shareholders said on Monday they plan to raise up to 582.3 million reais ($334 million) through an initial public offering that should be concluded by mid-December.

Stryker to buy device reprocessor Ascent

Orthopedic device maker Stryker Corp said on Monday it would acquire Ascent Healthcare Solutions, a privately held reprocessor of medical devices, for $525 million in cash.

Stocks little changed after Chicago PMI

U.S. stocks were little changed on Monday after the Chicago purchasing managers index, a gauge of regional business activity in the U.S. Midwest, expanded more than expected in November.

U.S. investors curb risk trades as 2009 nears end

U.S. fund managers decreased their heavy exposure to stocks in November while increasing their cash allocations ahead of 2009's close and on signs that economic recovery may be slow, a Reuters poll showed on Monday.

Nippon Oil Dec crude runs to dip 1 pct

Japan's Nippon Oil Corp plans to refine 1 percent less crude oil in December than a year ago, the same rate of annual decline as in November, as it maintains a pessimistic view of demand even with winter approaching.

Thai natural gas demand seen up 10.6 pct in 2010

Thailand's natural gas demand is expected to rise 10.6 percent in 2010 to 3.95 billion cubic feet per day due mainly to growing demand from petrochemical plants, PTT PTT.BK, the country's sole gas supplier, said on Monday. Domestic gas consumption in 2009 should grow by around 3.3 percent to 3.57 billion cubic feet per day, Permsak Shevawattananon, senior executive vice president for PTT's gas business, told reporters.

Dubai debt woes may hit U.S. property market

Dubai's debt woes could further unhinge an already fragile U.S. commercial real estate market, as it illustrates the importance of that tiny emirate to global investors in an increasingly interconnected world.

New Moon shines on record holiday box office

The Twilight Saga: New Moon rose to the top of movie box office charts for the second straight week on Sunday with a three-day haul of $42.5 million on a record-breaking holiday weekend in North America, according to studio estimates.

Treasury to meet with mortgage servicers

The Treasury Department is expected to meet with lenders on Monday to press them to do more to rework troubled home mortgage loans, a source familiar with the Treasury's thinking said.

Muslim pilgrimage ends with handful of flu cases

he annual Muslim haj pilgrimage has ended without the major flu outbreak feared by some experts and with only five deaths from the H1N1 flu virus out of 73 recorded cases, the Saudi health minister said.

New WHO guidelines urge phase-out of major HIV drug

Countries should phase out the use of Stavudine, the most widespread antiretroviral, because of long-term, irreversible side-effects in HIV patients including wasting and a nerve disorder, the World Health Organization said on Monday.

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