IBT Staff Reporter

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Alfa, Telenor make peace; plan $23 billion merger

Norway's Telenor and Russian partner Alfa Group have agreed to merge their Russian and Ukrainian holdings into a New-York listed mobile operator worth over $23 billion, ending one of the longest ever Russian corporate wars.

Linkin Park frontman resurfaces with side project

As the lead singer of the multimillion-selling band Linkin Park, Chester Bennington helped define the rap-metal sound of the early '90s. But as his career was ascending, his life was falling apart: Bennington was heavily involved in drugs and spent some nights wondering whether he would make it to the next day.

UK prepared to discuss support for Vauxhall-minister

British Business Secretary Peter Mandelson said on Monday he was prepared to discuss support for Vauxhall with parent Opel's new owners, Magna (MGa.TO), noting that representatives from the Canadian auto parts supplier were due in Britain this week.

U.S.-led consortium wants to buy Volvo from Ford: report

A U.S.-led group has entered the race to buy Ford Motor Co's (F.N) Volvo cars unit, the Financial Times reported, in a challenge to China's Geely Automotive (0175.HK) which last month confirmed its interest in the loss-making Swedish carmaker.

Argentine singer Mercedes Sosa dies at 74

Argentine folk singer Mercedes Sosa, who fought South America's dictators with her voice and became a giant of contemporary Latin American music, died on Sunday at age 74, her family said in a statement.

Author Coetzee eyes Booker triple, Mantel favorite

South African-born J.M. Coetzee could become the first writer to claim the coveted Man Booker Prize three times when the winner is announced on Tuesday, but bookmakers are predicting a different outcome.

Pros shine in new staging of Inherit the Wind

Director Trevor Nunn brings vividly to life a famous courtroom clash between two idealistic heavyweights in the Old Vic production of Inherit the Wind, with unforgettable performances by Kevin Spacey and David Troughton as the legal titans.

Zombieland top destination at box office

Woody Harrelson scored the biggest opening of his career at the North American box office, as Zombieland stormed theaters with weekend ticket sales of $25 million, according to studio estimates issued on Sunday.

Lady Gaga to tour without Kanye West

Lady Gaga said both she and Kanye West decided to cancel their upcoming Fame Kills tour of North American arenas, and that she will embark on her own headlining trek soon while West drops out of the spotlight.

Stock futures signal Wall Street rebound

Stock index futures rose on Monday, with investors poised to scoop up shares beaten down in last week's sell-off, while a report that Brocade Communications Systems Inc put itself up for sale may fan deal optimism.

U.S. firms oppose rules to curb short selling

Goldman Sachs Group Inc (GS.N) and Vanguard Group Inc are among U.S. companies opposed to rules proposed by U.S. regulators to limit short selling, according to letters filed by the companies.

Gold stays above $1,000 on softer dollar, ETF rises

Gold stayed above $1,000 an ounce on Monday as the dollar remained pressured after last week's jobs data pushed the currency down broadly on concerns the U.S. economic recovery may not be as robust as previously thought.

World stocks flirt with gains, dollar slips

World stocks flirted with gains after two sessions of losses on Monday with Japan's Nikkei hitting an 11-week closing low but Europe climbing and Wall Street looking set for a positive start.

Oil falls towards $69 on recovery concerns

Oil fell toward $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.

Geithner calls banks' fear of rules lobbying

U.S. Treasury Secretary Timothy Geithner told a newspaper that weekend warnings by bankers that overly restrictive capital rules could squeeze lending abilities was pure lobbying, and urged reforms to proceed unabated.

Stocks set to open up, snap 4-day losing streak

Stock futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were up 0.5-0.6 percent at 4.22 a.m. ET.

European shares rise; miners and banks gain

European shares rose in early trade on Monday, having hit a four-week closing low on Friday, as the euro zone's services sector returned to growth, and with miners and banks gaining on positive broker comment.

US stocks set to open up, snap 4-day losing streak

U.S. stock index futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq Composite NDc1 were up 0.5-0.6 percent at 0822 GMT.

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