IBT Staff Reporter

Saudi Aramco and France's Total are expected to pay more than $12 billion to build the Jubail oil refinery, a senior company executive said on Monday.

The auto boom came fast to this harbor town on Lake Michigan where Ramblers first rolled off the line a century ago.

London's junior market for smallcaps, the Alternative Investment Market (AIM), has regained much of the ground it lost since the end of last year, and looks set to continue outperforming in the final quarter, with delistings slowing.

Global steel consumption will rebound by more than 9 percent next year, recovering after this year's 8.6 percent decline, which was less severe than earlier expected thanks to strong China growth, a global body said on Monday.

The dollar gained for the second straight session against the yen on Monday, rising to a more than two-week high, with traders covering short positions as they debated the timing of a tightening in U.S. monetary policy though some investors remained cautious.

Elinor Ostrom and Oliver E. Williamson, two American economists, were awarded the 2009 Nobel Prize in economics early Monday.

Kenosha, Wisconsin on the shores of Lake Michigan has a long history in automotive history that will die if a Chrysler engine plant is shut as planned next year.

With the blessings of the prime minister himself, the relisting of Malaysia's top telecom firm Maxis Bhd next month was destined to be a blockbuster, but tepid response from domestic funds so far suggests otherwise.

Considering what pain medication to give your kid with a broken arm? Ibuprofen - marketed as Advil - is just as good as the potent combination of acetaminophen (Tylenol) plus codeine, with fewer side effects, according to a new study.

Prime Minister Gordon Brown gave his backing on Monday to the central bank's program of pumping money into the economy to help pull Britain out of recession.

Having a stressful childhood may slash decades off a person's life, researchers from the Centers for Disease Control and Prevention (CDC) report.

Manroland, the world's second-biggest maker of printing presses, has called off merger talks with Heidelberg due to poor financial results at its troubled larger rival, three sources familiar with the matter said.

Treating pregnant mothers, and then their infants, with select strains of probiotics -- bacteria present naturally in the body and sometimes added to food or dietary supplements to boost immune function -- may help prevent a skin condition known as eczema in children with a family history of allergies,

Mining group Xstrata Plc agreed to sell its 70 percent interest in the El Morro copper-gold project in Chile for $465 million to Canada's Barrick Gold Corp, Xstrata said on Monday.

Eating certain kinds of fats may actually help obese women with diabetes trim some body fat, a small study suggests.

Mining group Xstrata has told a top-10 shareholder that it would likely abandon its pursuit of rival Anglo American, the investor said on Monday.

It could take years for the World Health Organization to downgrade the H1N1 flu from a pandemic to seasonal-like virus, the U.N. agency said on Friday.

A U.S. government media event to promote H1N1 school vaccinations on Friday included VIPs, cute kids and a phalanx of television cameras -- but only one in five children at the school had proper parental consent to get immunized.

Want to reduce your risk of skin cancer? Wear sun screen, of course. But two new studies suggest that choosing your relatives carefully could also be helpful.

A technology to bury underground the greenhouse gas emissions produced from burning coal must be ready for global deployment by 2017-2019, U.S. energy secretary Steven Chu said on Monday. Coal is the world's single biggest source of carbon emissions, at 40 percent. Other sources included burning oil and natural gas, and deforestation and the production of cement.

Volkswagen AG (VOWG.DE) said on Monday it expected its sales in mainland China and Hong Kong to grow more than 30 percent this year, after rising 37 percent in the first nine months thanks to government stimulus measures.

Onyx Pharmaceuticals Inc said on Monday it has agreed to buy Proteolix Inc, a privately held biotechnology company developing cancer drugs, for an upfront cash payment of $276 million.

The World Health Organisation plans to start sending H1N1 flu vaccines to poorer countries as early as next month, the United Nations agency's head of vaccine research said on Monday.

Stock futures pointed to a higher open on Wall Street on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies.

Digital River Inc's top customer Symantec has notified the e-commerce services provider that it will not extend its existing contract, knocking Digital River's shares down 32 percent in pre-market trade.

U.S. stock index futures pointed to a higher open on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies.

On the surface, a glimmer of confidence is returning to the battered U.S. housing market, after more than three years of gut-wrenching defaults, price slumps and foreclosures.

Who says gasoline engines have reached their limit? A race to seek out the best mileage is out to prove that when it comes to frugal driving, a 50cc motorcycle engine can go a long way.

Funds advised by U.S. private equity group J.C. Flowers & Co LLC have taken legal action seeking to prevent the full nationalisation of German bank Hypo Real Estate (HRXG.DE), the investment group said.