IBT Staff Reporter

115411-115440 (out of 154953)

Cadbury's bumper puts pressure on suitor Kraft

Cadbury beat sales forecasts and raised targets in a bumper third-quarter trading report, pushing up its shares and pressuring suitor Kraft to come up with a bigger bid to win its takeover battle.

Comcast, GE keep options open amid NBC deal talk

The top executives of General Electric and Comcast Corp, which sources say are negotiating a multi-billion dollar sale of NBC Universal, said they were keeping their options open but offered few hints of whether a deal may soon emerge.

Global immunizations hit record but miss millions

Global efforts to immunize children against life-threatening diseases set a record high last year but failed to protect millions of youngsters in the world's poorest countries, health officials said on Wednesday.

GM units may take up GM Daewoo rights offer: KDB

General Motors Co has not subscribed to the $424 million rights issue of its South Korean unit by a Wednesday deadline, according to a report, but its overseas units are now expected to take up the offer.

China's army to recruit 130,000 college grads

China's army will recruit 130,000 graduates from Chinese universities and colleges this winter to raise the quality of the armed forces and help solve the job crisis facing graduates.

Yahoo triples profit, beats expectations

Yahoo Inc beat Wall Street's profit and sales expectations as spending by advertisers showed signs of life in the third quarter and as months of cost-cutting and restructuring boosted the Internet company's bottom line.

Obama team was divided on Chrysler rescue-Rattner

The Obama administration was deeply divided over whether to fund Chrysler's restructuring in bankruptcy and whether the automaker could survive to repay the investment, according to a former senior official.

Goldman Sachs raises Caterpillar to neutral

Goldman Sachs upgraded Caterpillar Inc the stock to neutral from sell and bumped up its price target by $16 to $64, citing improved cost control by the company and a stronger outlook for construction equipment demand.

IAEA seeks Iran nuclear draft deal by Friday

The U.N. nuclear watchdog chief on Wednesday presented a draft deal to Iran and three big powers for approval by their capitals by Friday to allay fears Tehran might use an enriched-uranium stockpile to make nuclear weapons.

Gates pushes Japan on U.S. troop shift plan

U.S. Defense Secretary Robert Gates pressed Japan on Wednesday to implement quickly a deal to reorganize the U.S. military presence in the country, an issue that could test ties with Tokyo's new government.

Afghan election officials fired ahead of run-off

Half of the most senior Afghan district election officials will be fired, U.N. officials said on Wednesday, to prevent more fraud in a run-off presidential poll crucial to the country's credibility and foreign support.

Morgan Stanley cuts Devon to equal-weight

Morgan Stanley downgraded Devon Energy Corp to equal-weight from overweight, and said the U.S. exploration and production company would be hurt if there was a lag in the recovery of natural gas prices.

EU ministers plan to curb CO2 from planes, ships

European environment ministers agreed a proposal on Wednesday to curb global emissions from planes and ships by 10 percent and 20 percent respectively over the next decade, two EU diplomats said.

EU progress on carbon capture still too slow: RWE

The European Union is taking too long to get up to 12 carbon capture and storage demonstration plants operating by 2015, RWE npower's head of environmental strategy told a carbon conference on Wednesday.

Robbie Williams concert breaks theatre record

A performance by British pop star Robbie Williams, broadcast to more than 250 theatres around the world, set a world record on Tuesday by having the largest number of screenings of a live concert in theaters.

Polanski may choose to face U.S. justice: lawyer

Film director Roman Polanski, now in Swiss detention, may decide to face justice in the United States, where he is wanted on a 1977 sex charge, to avoid lengthy extradition procedures, one of his lawyers said on Wednesday.

Oil eases below $79 as inventories weigh

Oil eased to below $79 a barrel on Wednesday, extending the previous session's decline from a one-year peak after a bigger-than-expected rise in U.S. crude oil inventories.

Weitz stepped out of his zone to direct Twilight

The director behind American Pie and About a Boy wasn't the obvious choice to take on The Twilight Saga: New Moon, the second book in Stephenie Meyer's blockbuster teen vampire romance series. But Chris Weitz, who also writes and produces, sometimes with his brother Paul, had done a fantasy adaptation in 2007's The Golden Compass and felt a connection to the material. On November 20, Twil...

Rihanna releases new single from upcoming album

Pop singer Rihanna on Tuesday released her first new single, Russian Roulette, since being assaulted by former boyfriend and singer Chris Brown in February on the eve of the music industry's Grammy awards.

Boeing posts bigger-than-expected loss

Boeing Co on Wednesday posted a larger-than-expected quarterly loss on a cost reclassification related to its long-delayed 787 Dreamliner program, sending shares lower.

Historical drama sets box-office record in China

The Founding of a Republic has become the highest-grossing Chinese film in China's box-office history, earning 406 million yuan ($58.4 million) since its September 16 debut, a China Film Group spokesperson told the Xinhua News Agency.

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