IBT Staff Reporter

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.

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.

Netbook PC pioneer Asustek said on Monday it expects to ship 11-13 million portable PCs this year as demand increases in Europe and other markets.

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 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 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.

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.

Canon Inc said it will start providing its latest multi-functional printer models to Hewlett-Packard later this year, broadening the long-running partnership between the companies.

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.

Brazilian billionaire Andre Esteves plans an initial public offering for his BTG Pactual investment bank in 2010, Valor Economico newspaper reported, without citing a source for the information.

Asia-focused brokerage CLSA said General Electric and Brazilian miner Vale SA and several other companies have inquired about listing in

Iran and world powers seeking to resolve a dispute over Tehran's nuclear program will start talks on October 1, in what a senior U.S. official described as an important first step.

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.

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.

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.

Beyonce gave up her time to give an acceptance speech at the MTV VMA's Sunday night to allow singer Taylor Swift end her own speech which earlier was spoiled by an abrupt interruption of rapper Kanye West.

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?

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.

MGIC Investment Corp said in a regulatory filing that it was deferring interest payments on certain debentures which were due on Oct. 1, sending its shares down as much as 6 percent.

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 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.

Wall Street slipped on Monday as a decision by the United States to impose special duties on Chinese tires sparked concerns about a possible trade dispute.

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

Oil eased toward $69 a barrel on Monday, after a decision by a major U.S. commodities exchange to enforce limits on large positions increased uncertainty and the dollar strengthened slightly.

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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.

The cash for clunkers stimulus program helped the auto industry but there is no need for another similar program, General Motors GM.UL Vice Chairman Bob Lutz said on CNBC on Monday.

Calpine Corp shut the 724-megawatt Pastoria natural gas-fired power station in California for planned reasons by Sunday afternoon, the California Independent System Operator said in a report.

Renault (RENA.PA) has yet to emerge from the global economic crisis, although the auto sector should see a gradual rebound from 2010, the French car maker's chief operating officer, Patrick Pelata, told French newspaper La tribune on Monday.