IBT Staff Reporter

Health Biz Sees Senate Relief; Stocks Jump on Cheap Money; Kraft's Hostile Bid

The British government has approved 10 new nuclear power plant sites out of a previous 11 nominations. The new units could be built by 2025.

Britain set out plans Monday to speed up the planning process for big wind farms and new nuclear power plants and named 10 sites where reactors could be built.

The trial of two former Bear Stearns hedge fund managers went to a jury on Monday, the first high-profile Wall Street executives criminally charged with fraud over subprime mortgage-backed securities that fueled the market meltdown.

Top U.S. network equipment maker Cisco Systems on Monday launched a $5 billion three-part debt sale, showing the company replenishing its war chest as it steps up acquisitions.

Shares of Sunrise Senior Living Inc tumbled after the operator of managed-care facilities reported a third-quarter loss and said it was in restructuring talks with lenders.

A former enforcement lawyer with the U.S. Securities and Exchange Commission pleaded guilty to impersonating two people to help confessed Ponzi scheme operator Marc Dreier defraud hedge funds.

Kids Night on Broadway has kicked off the sale of tickets today for more than 15 Broadway shows scheduled for February 2010 in New York City.

A top shareholder in Cadbury said investors in the British confectionery firm would find it hard to turn down an offer of more than 8 pounds a share from U.S. suitor Kraft.

Kraft Foods chief executive Irene Rosenfeld is playing hardball with her $16.4 billion hostile offer for Cadbury, triggering a bid battle that could stretch for up to three months.

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Google Inc and a group representing authors and publishers have asked the court for more time to revise a controversial deal that would allow Google to create a vast library of electronic books, according to a source close to the parties involved.

U.S. stocks rallied on Monday, with the Dow Jones industrial average at a 13-month high, as the Group of 20's pledge to keep aid flowing to the world's economy boosted investors' appetite for risk.

Staging can be pricey. Especially if you go with someone good. The designer alone can run on the range of $1400-$3000 and rental of materials as much as $300-700 per month. Is it worth it? Homes that are priced right still need to compete. Anytime you can remove people's fears about purchasing a twix, a computer or a home, you'll be that much closer to locking in the sale.

Google on Monday announced that it has acquired mobile display advertising firm AdMob for $750 million in stock.

Chancellor Angela Merkel hailed the courage of easterners who helped bring down the Berlin Wall as the city celebrated the 20th anniversary of the events that marked the end of the Cold War and the beginning of a reunited Germany.

Google Inc said on Monday that it could best help wireless service provider Clearwire Corp by cooperating on products and strategy rather than giving it more financial assistance.

The United States is willing to give Iran time to decide whether to accept a U.N.-brokered deal meant to allay suspicions it is after atomic bombs but which has drawn Iranian objections, a U.S. diplomat said on Monday.

Oil rose 3 percent toward $80 a barrel on Monday after Tropical Storm Ida forced the shut in of U.S. oil and gas production, helping to support prices.

U.S. stocks jumped on Monday, pushing the Dow industrials to their highest level in more than a year, as the Group of 20 leaders pledged to keep aid flowing to their economies until a recovery was certain.

University of New Mexico women's soccer player Elizabeth Lambert has been suspended indefinitely after a series of un-sportsman like events at a match against Brigham Young University last week.

Kraft Foods Incsaid on Monday it secured a $9.2 billion senior unsecured term loan to help finance its $16.4 billion hostile takeover bid for Britain's Cadbury Plc.

Shares of Revlon Inc jumped 35 percent to a new year-high on Monday, after the cosmetics maker said its consumer products unit received lender consents to amend its bank term-loan and revolver credit agreements to refinance its long-term debt .

Health insurers, drugmakers and other companies expect U.S. Senate lawmakers to soften the blow from health reform legislation narrowly passed by the House of Representatives that calls for a greater government role in the industry.

Electronic Arts Inc has acquired privately held Playfish for $275 million in cash plus other consideration as the maker of the Madden NFL series expands in the growing social gaming sector.

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Japan is expected to report as early as this week that its greenhouse gas emissions sank last year, the first year of its Kyoto Protocol obligations.

Ball Corp said on Monday that it would buy out the remaining stake in a Chinese beverage can plant for $90 million in cash and debt.