IBT Staff Reporter

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Fluid on the lungs killed Boyzone singer

A post mortem carried out on Boyzone singer Stephen Gately on the Spanish island of Majorca revealed on Tuesday that he died of fluid on the lungs, a court official said on Tuesday.

Dollar Thrifty cuts Chrysler purchases, costs

Dollar Thrifty Automotive Group Inc (DTG.N) said on Monday it would slash its 2010 car rental purchases from Chrysler and that its average fleet costs had stabilized at levels it hoped to maintain next year.

Siding with U.S., BarCap warns on AAU carbon trade

Extending the trade in sovereign emissions rights into a new global climate pact could deter investment in clean energy projects post-2012, Barclays Capital said on Tuesday, siding with the U.S. view on the matter.

India Sept car sales rise 21 pct y/y

Car sales in India rose an annual 21 percent in September for their eighth straight rise, with industry officials expecting continued robust growth as the economy improves and consumer confidence grows.

BofA agrees to give more details on Merrill

Bank of America Corp agreed to give federal authorities more information about why it refrained from disclosing details about Merrill Lynch's performance before it bought the investment bank, U.S. regulators said on Tuesday.

Capmark Financial bankruptcy due soon: source

Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation.

China auto market likely to slow after record 2009

Chinese car sales soared to a record in recent months on government incentives, but the same money tap that turbocharged sales could easily be turned off in 2010 if Beijing frets about an overheating economy.

Brazil Cetip aims to fetch $576 mln in IPO

Brazil's Cetip, Latin America's largest clearing house, anticipates fetching up to 1 billion reais ($576 million) in an offering of stock, underscoring the growing appetite for the nation's booming securities industry among local and foreign investors.

Viadeo buys Unyk, second only to LinkedIn

French company Viadeo, which runs a social networking website aimed at professionals, has acquired Canadian peer Unyk, to become the second-largest firm globally after LinkedIn.

RioCan mulls acquisition in United States: report

RioCan, the largest real estate investment trust in Canada, is getting closer to a major move into the United States -- even getting RBC Dominion Securities' opinion on a potential deal, the Financial Post reported on Monday.

DBS drops out of race for ING private bank: source

DBS Group, Southeast Asia's biggest lender, has pulled out of the race to buy ING's private banking unit in Asia, as it did not want to pay a premium for the business, a source with knowledge of the deal told Reuters.

Anvil an unlikely awards contender

It's hard to imagine a film that's taken a more circuitous route to awards season, or a public screening, than the Canadian heavy-metal documentary Anvil: The Story of Anvil.

Johnson Controls sees higher FY sales, earnings

Johnson Controls Inc said on Tuesday that it expected higher sales in each of its divisions next year as global auto production recovers, U.S. stimulus efforts pay off and emerging markets improve.

GM CEO says possible to sign Opel deal this week

General Motors Co GM.UL may finalize a deal this week to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium, its chief executive said on Tuesday, as the firm sheds unwanted brands.

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