IBT Staff Reporter

120661-120690 (out of 154945)

Rio Tinto sells 56 pct stake in Alcan cable unit

Rio Tinto, the world's second-largest miner, is to sell a 56 percent stake in the cable division of its Alcan Engineered Products unit to U.S. investment firm Platinum Equity for an undisclosed sum.

Auto sales boosting Indian rubber demand

Indian rubber consumption in the year to April 2010 is seen at 881,000 tonnes, slightly higher than the previous estimate of 875,000 tonnes helped by higher demand for automobiles, the country's Rubber Board said.

UPDATE 2-Nortel to sell enterprise unit to Avaya

U.S. telecom equipment maker Avaya Inc has emerged as the successful bidder at a bankruptcy auction for a Nortel Networks Corp unit that builds corporate networks, and will pay $900 million for the business.

Oracle plans first Sun database computer

Oracle Corp has developed a computer with Sun Microsystems Corp, the hardware company it is buying for $7 billion, under a brand that it has exclusively sold with Hewlett-Packard Co.

Weather to buy back 744.6 million euros of bonds

Weather Investments, an Italian-based holding company that owns Egypt's Orascom Telecom, said on Monday holders of 744.6 million euros ($1.1 billion) worth of the firm's bonds had agreed to sell them back.

Delta boosts 3rd-quarter margin forecast

Delta Air Lines , the world's biggest airline, boosted its operating margin forecast for the third quarter, citing lower fuel costs, and said other financial measures were trending in line with or better than year-earlier and second-quarter levels.

China showers gifts on resources-rich Timor

Dili's gleaming new Presidential Palace and Foreign Ministry, gifts from China, stand in stark contrast to nearby burned-out buildings and are symbols of how the energy-hungry superpower is growing closer to tiny, oil-rich East Timor.

Netanyahu says won't freeze building in settlements

Prime Minister Benjamin Netanyahu said on Monday Israel would not freeze all building in West Bank settlements as demanded by Washington but could limit its scope to help to restart peace talks with the Palestinians.

Recent bin Laden messages

Al Qaeda leader Osama bin Laden warned the American people over their government's close ties with Israel in an apparently new audio tape posted on an Islamist website on Monday.

Britons jailed for 9/11-scale airline bomb plot

Three Britons were jailed for life on Monday for plotting a terrorist outrage on the scale of the September 11 attacks by blowing up transatlantic airliners bound for North America using bombs made from liquid explosives.

Cadbury steps up defense, Q3 seen brought forward

British bid target Cadbury is set to beef up its defense against Kraft this week as CEO Todd Stitzer addresses investors and it ponders an early third-quarter update, analysts and fund managers said.

Barclays ahead early in Lehman carve-up

A year ago, Barclays and Nomura were preparing to dismember the carcass of recently-deceased Lehman Brothers. Twelve months seems a good time to ask: who got the tastier meal?

Tenet boosts profit forecast, shares jump

Hospital operator Tenet Healthcare Corp boosted its full-year profit forecast on Monday, citing a stronger-than-expected performance over the summer, and its shares jumped more than 10 percent.

Harmony Gold, DRDGOLD settle with ArcelorMittal

Shares in ArcelorMittal recovered on the news and were trading 0.87% down at R115 by 1217 GMT, after falling as much as 4%. ArcelorMittal in May won an appeal against a record fine of R691.8 million ($92.29 million) imposed on the company in September 2007 for charging excessively for flat steel products and preventing customers from selling on steel.

Intel restructures after executive departs

Intel Corp, the world's largest chipmaker, said on Monday it was restructuring its business to consolidate all of its major product divisions into a new Intel Architecture Group, and appointed Sean Maloney and Dadi Perlmutter as its leaders.

Lowering Cholesterol Naturally

The Wellness Advisor spoke with Dr. Alex Tan to get his advice about Lowering Cholesterol Naturally. Dr. Tan is a naturopathic medical doctor (ND)

Alternative Natural Health

Did you know that there are natural approaches for coping with some common health conditions? As we mature, many of us are looking for natural solutions to help maintain our overall wellness. Maintain Heart Health Naturally

New Opel to invest 170 million euro in Russia: Magna

The new Opel formed when Canadian automotive group Magna (MGa.TO) and its Russian partners take over the carmaker plans to invest 170 million euros ($247.5 million) in operations in Russia, Magna co-Chief Executive Siegfried Wolf said on Monday.

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