IBT Staff Reporter

120781-120810 (out of 154945)

Pennsylvania governor ready to veto budget plan

Pennsylvania Governor Ed Rendell said on Saturday he is ready to veto a bipartisan budget plan proposed by lawmakers to end a 10-week deadlock because it is out of balance and contains cuts to education and healthcare spending.

Disney to expand Fantasyland at Walt Disney World

Mickey Mouse's house and his Toon Town world will make way next year for a vastly larger Fantasyland, in the biggest-ever expansion of the Magic Kingdom at Walt Disney World in Florida, Walt Disney Co said on Saturday.

American Air in JAL tie-up, investment talks: report

The parent company of American Airlines is in talks to set up a broad venture with Japan Airlines Corp in a deal that could see the U.S. carrier investing hundreds of millions of dollars in JAL, The Wall Street Journal cited sources as saying on Saturday.

Financier Danny Pang, 42, has died: family

Financier Danny Pang, who was accused by U.S. securities regulators of perpetrating a massive Ponzi scheme on mainly Taiwanese investors, has died, a family spokesman said on Saturday.

Labour minister to meet France Tel CEO on suicides

French Labour Minister Xavier Darcos has called for a meeting with the head of France Telecom to discuss a wave of suicides at the former state monopoly that unions blame on restructuring and work pressure.

Bentley sees signs of revival in luxury car class

British carmaker Bentley, owned by Volkswagen, is seeing some signs of revival in the super luxury vehicle segment and expects sales of premium cars to improve next year, one of its top executives said on Friday.

Fight looms over state aid to Magna-led Opel

A Canadian-Russian consortium's plan to buy automaker Opel from General Motors faced more hurdles as scrutiny of German state aid intensified and labor leaders demanded a veto over job cuts.

Deceuninck secures 85 mln euros rights issue

Belgian PVC window frame maker Deceuninck said on Saturday it had sealed final deals as part of a restructuring of its credit arrangements, paving the way for a rights issue of up to 85 million euros.

Germany to offer Airbus guarantee for A350 -magazine

The German government plans to support the planned construction of the Airbus A350 wide body plane with a state guarantee worth 1.1 billion euros ($1.61 billion), a magazine reported on Saturday. Focus magazine said the government would secure a loan from state-owned bank KfW, citing a confidential memorandum from Germany's finance and economy ministries to the parliamentary budget committee.

Megan Fox turns heads at TIFF

At the premiere of her latest film Jennifer's Body actress Megan Fox wowed fans with her own body - and says she's enjoying her sex symbol status.

Vietnam police release another detained blogger

Vietnamese police released blogger Nguyen Ngoc Nhu Quynh on Saturday after more than a week in detention under investigation on state security grounds, her mother said by telephone from the beach town of Nha Trang.

Cadbury chairman Carr says Kraft bid unappetising

Cadbury turned up the heat in its defence against a takeover from Kraft as its Chairman Roger Carr said it was an unappealing prospect being absorbed into Kraft's low growth conglomerate business model.

Economic crisis to continue - IMF chief

The global economic crisis will continue and countries must do more to adopt financial market regulations, International Monetary Fund Managing Director Dominique Strauss-Kahn told a German magazine on Saturday.

Mugabe welcomes EU delegation with open arms

President Robert Mugabe welcomed the first top-level European Union delegation to visit Zimbabwe in seven years with open arms on Saturday and said talks on implementing a power-sharing deal went well.

Iran signals no compromise on nuclear issue

Iran said on Saturday it would not back down in its nuclear row with the West, a day after the United States said it would accept Tehran's offer of wide-ranging talks with six world powers.

South Korea says supports U.S. talks with North

South Korea said on Saturday it would support direct talks between the United States and North Korea so long as they were aimed at advancing multilateral negotiations on ending Pyongyang's nuclear programs.

Obama makes healthcare pitch to the insured

President Barack Obama broadened his pitch for healthcare reform to Americans who have health insurance on Saturday, reminding them that they risk losing the coverage they have under the current system.

Global economic crisis to continue: IMF chief

The global economic crisis will continue and countries must do more to adopt financial market regulations, International Monetary Fund Managing Director Dominique Strauss-Kahn told a German magazine on Saturday.

Cadbury chairman Carr says Kraft bid unappetizing

Cadbury turned up the heat in its defense against a takeover from Kraft as its Chairman Roger Carr said it was an unappealing prospect being absorbed into Kraft's low growth conglomerate business model.

China blasts U.S. tyre duties as protectionist blow

U.S. puts new duty on Chinese-made tyres - Additional 35 percent for first year - China denounces step as dangerous protectionism - China signals possible complaint to WTO - Dispute could spill over into G20 summit (Adds Chinese minister's comments and press comment in paragraphs 3-5, 9 and 25)

Cadbury chairman Carr says Kraft bid unappealing

Cadbury turned up the heat in its defense against a takeover bid from Kraft on Saturday as its Chairman Roger Carr said it was an unappealing prospect being absorbed into Kraft's low growth conglomerate business model.

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