Carbon capture coal tech must be ready by 2019: U.S.
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 Jan-Sept China-HK car sales up 37 pct
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 to acquire private biotech for $276 mln
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.
Poorer countries to get donated H1N1 vaccines: WHO
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.
Wall Street looks to higher open as dollar slips
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 says Symantec not to extend contract
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.
US-STOCKS-Wall St to rise as dollar slips; Blackstone plans IPOs
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.
Housing risks still lurk even as buyers return
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.
Around the world on 3 gallons? Race is on for ultimate mileage
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.
JC Flowers funds sue over Hypo Real squeeze-out
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.
Wall Street to rise as dollar slips
Stock 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.
China bans foreign investment in online games industry
China has banned foreign investment into its lucrative online games industry in an effort to tighten control over its virtual worlds.
FEATURE-U.S. housing risks still lurk even as buyers return
The swift downturn in California's economy and the ensuing wave of job losses cost Sue and Nabil Boctor their house.
New Michael Jackson single hits the airwaves
Michael Jackson's new single This Is It began streaming online and playing across the radio airwaves Monday, nearly four months after the king of pop died of a prescription drug overdose aged 50.
Lloyds lines up banks for rights issue - sources
British bank Lloyds (LLOY.L) has lined up six investment banks to run a rights issue expected to be worth over 10 billion pounds ($15.9 billion) as the lender seeks to cut its reliance on the government, people familiar with the matter said on Monday.
CORRECTED - UK's Brown plans to announce 3 bln stg asset sale
British Prime Minister Gordon Brown plans to detail a sale of government assets on Monday aimed at raising 3 billion pounds ($4.8 billion), a draft of a speech provided by his office showed on Sunday
UPDATE 1-Obama aide defends economic stimulus package
U.S. President Barack Obama's top economic adviser said on Monday the United States is on the path toward economic recovery, conditions in financial markets are steadier and there have been initial signs of stabilization in the housing market.
Despite bumps, demand remains for Asia IPOs -panel
Demand for public stock offerings in Hong Kong and throughout the region remains strong, despite a few recent deals that struggled, according to a panel of three investment bankers and one hedge fund investor.
Stock futures up as dollar slips
Stock futures climbed on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies.
US-STOCKS-Futures up as dollar slips; Blackstone plans IPOs
U.S. stock index futures climbed on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies.
Daily Outlook - Oct 12
Large Caps Set for Big Season; Blackstone's IPOs; Hummer Pursuit
Earnings hopes lift Europe stocks to near 3-week high
European stocks were up 1.2 percent by midday on Monday, hitting a near three-week high, as forecast-beating results from Philips (PHG.AS) fuelled hopes over results ahead of this week's earnings from bellwethers.
Tengzhong seeks approval for Hummer buy
Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
HK, Shanghai shares down on profit-taking, supply worry
Chinese shares lostearly gains to profit-takers on Monday, with worry over hugesupplies of new shares from IPOs offsetting the impact ofmarket-friendly central government measures on the mainland.
Obama aide defends stimulus package
President Barack Obama's top economic adviser said on Monday the United States is on the path toward economic recovery, conditions in financial markets are steadier and there have been initial signs of stabilization in the housing market.
Oils, miners, Vodafone help FTSE break through 5,200
A rally by miners and energy stocks, spurred by firmer commodity prices, helped Britain's top share index extend gains by midday on Monday as it rose above 5,200 points for the first time since September 2008.
FTSE breaks back through 5,200 as oil majors gain
Britain's top shares rose 1.0 percent early on Monday, regaining 5,200 points for the first time in over a year on advances in oil majors and a rally by Vodafone (VOD.L), with investors awaiting the next batch of U.S. earnings.
Wall Street futures point to higher open
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.4-0.6 percent, pointing to a higher start on Wall Street on Monday.
Small firms outpaced by big-caps on earnings
As third quarter earnings season takes off, bigger is better. With the U.S. economy emerging from recession, large cap stocks are set to have a stronger third-quarter earnings season than their mid and small cap counterparts, which are expected to rebound at a slower pace
Tengzhong seeks approval for Hummer buy; hurdles seen
Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
