IBT Staff Reporter

Asian stocks recovered after last week's steep sell-off over the Dubai debt crisis on growing speculation the fallout from a potential default will be limited, while assurances from various authorities also helped calm nerves.

Asian stocks recovered after last week's steep sell-off over the Dubai debt crisis on growing speculation the fallout from a potential default will be limited, while assurances from various authorities also helped calm nerves.

Dutch brewer Heineken NV expects a quarter of the beer market to consolidate and 'will participate' in that process, its chief executive was quoted as saying at the weekend.

Honiton Energy Group has hired Morgan Stanley to advise the China-focused wind power developer on luring a new investor, in a deal that could value the entire company at up to $250 million, sources said on Monday.

Leaders from top U.S. companies including Google, AT&T, Disney and FedEx will attend a jobs summit on Dec. 3 at the White House, a White House spokeswoman said on Sunday.

The U.S. aviation regulator decided to allow over 130 Boeing Co 777 airplanes to continue flying international trips through early 2011, despite warnings about suspect parts that have caused rare shutdowns in midair, the Wall Street Journal reported.

Beijing Automotive Industry Holding Corp might still be interested in buying General Motors' Saab unit, according to the Chinese car company's general manager.

Asian stocks recovered after last week's steep sell-off over the Dubai debt crisis as investors nerves steadied on hopes that the fallout of a potential default will be limited.

Australian upmarket department store David Jones Ltd is cautiously confident about its sales performance over the upcoming Christmas sales period, Chief Executive Mark McInnes said on Monday.

South Africa's Pioneer Foods Group posted a 22 percent increase in full-year headline earnings per share (EPS) on Monday boosted by a strong performance in its Sasko bread division and higher margins.

Airports of Thailand (AOT), the country's main airport operator, reported a worse-than-expected fourth-quarter net loss on Monday, hit by foreign exchange losses and higher operating costs.

Struggling to hide the love handles or muffin top for that holiday party? Underwear makers are finding the desire for a snap svelte silhouette has created a booming line for women, and now men, in shapewear.

United Arab Emirate stocks tumbled 6-7 percent on Monday as the market reopened for the first time since Dubai called for a delay in repaying billions of dollars in debt, spooking global markets.

AOL Inc, due to be spun out of Time Warner Inc on Dec. 9, almost a decade after their merger, looks like a bargain, Barron's reported in its Nov. 30 edition.

Hochtief reserves the right to put the planned initial public offering (IPO) of its infrastructure unit on hold should stock markets take a drubbing from the Dubai debt crisis, its chief executive told a Sunday paper.

Toto, Japan's No.1 toilet maker, expects to meet its earnings forecasts despite the yen's recent surge by capitalizing on an earlier-than-expected demand recovery in China and cost cuts, its president said on Monday.

British budget airline Flybe and five oil companies are planning initial public offerings in London next year which are expected to value them collectively at 1.5 billion pounds ($2.46 billion), the Sunday Times reported.

Sands China's weak debut in Hong Kong on Monday signals fading investor appetite for a casino company with a high valuation and an uncertain outlook, and cooling interest in what was a red-hot sector.

Cash was king for consumers who shopped over the Thanksgiving weekend, according to survey results released on Sunday, and that factor could have cost retailers additional sales.

Oil prices steadied at $76 a barrel on Monday, shedding most of the session's early gains, as worries about Dubai's debt crisis and its impact on the world economic recovery returned to haunt investors.

U.S. stocks fell more than 1 percent in a truncated session on Friday as a possible debt default by a Dubai state-owned conglomerate led to fresh concerns about the global financial system.

Independent oil and gas company Delta Petroleum Corp said it is exploring strategic alternatives, including a possible sale of the company.

Investors braced for a 10 percent fall in United Arab Emirate stocks on Monday as the market reopens for the first time since Dubai called for a delay in repaying billions of dollars in debt, spooking global markets.

Leading Democrats on Sunday said they expect Congress to pass a major healthcare reform backed by President Barack Obama, but supporters may have to accept legislation that falls short on some issues.

Samsung Electronics, the world's No. 2 mobile phone maker, gave an upbeat forecast for 2009 mobile phone sales due to sharp growth in touchscreen models, but surging sales may not guarantee higher margins.

Retailers Protect Profits; Business at the White House; Beijing Auto's SAAB Option

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.

Iran announced plans on Sunday to build 10 new uranium enrichment plants in a major expansion of its atomic program, just two days after the U.N. nuclear watchdog rebuked it for carrying out such work in secret.

John Demjanjuk, an 89-year-old former Nazi camp guard, is due to stand trial on Monday on charges of helping to force 27,900 Jews into gas chambers in 1943.