IBT Staff Reporter

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Vogo Fund to buy S.Korea card firm stake for $156 mln

South Korean private equity firm Vogo Fund is buying the 30.7 percent stake of two banks in a domestic card processing company for $156 million and is in talks with other banks to raise its holdings to more than 50 percent within this year.

Oil drops to near $70, eyes weaker equities

Oil fell more than 3 percent to around $70 a barrel on Monday as a drop in China's key stock dented optimism about the pace of economic recovery and the U.S. dollar strengthened.

JPMorgan says China banks eyeing Taiwan

Chinese banks are expected to seek investment opportunities in Taiwan, hoping to apply new government guidelines and tap the busy cross-strait commerce, J.P. Morgan's (JPM.N) Brian Gu told Reuters on Monday.

Popcorn and Cereals Contain Good-For-You Antioxidants

Good news if you love to eat popcorn at the movies--your favorite snack is healthier than previously thought! New research shows that popcorn and cereals contain phenol antioxidants, thought to protect against heart disease and cancer.

UPDATE 1-Disney to acquire Marvel in $4 bln deal

NEW YORK - Walt Disney Co said on Monday it plans to buy Marvel Entertainment Inc for $4 billion in a deal that would add characters like Iron Man, Spider-Man, and the Fantastic Four to its entertainment empire.

Detroit's car woes spread to California

For more than two decades, Frank Ramirez has made a living working an unusual job in Silicon Valley: assembling cars and trucks for Toyota Motor Corp and General Motor Co.

Entergy NY Indian Point reactor back at full power

NEW YORK - Entergy Corp's 1,025-megawatt Indian Point 3 nuclear power unit in New York was back at full power early Monday, after shutting late late last week due to an automatic reactor trip, the U.S. Nuclear Regulatory Commission said in its power reactor status report.

Exelon NJ Oyster Creek reactor back at full power

NEW YORK - Exelon Corp's 619-megawatt Oyster Creek nuclear power unit in New Jersey was back at full power early Monday, up from about 50 percent of capacity early Friday, the U.S. Nuclear Regulatory Commission said in its power reactor status report.

Astra drug beats Plavix without major bleed risk

AstraZeneca's new pill Brilinta for preventing heart attacks works better than Plavix, the world's second biggest selling drug, without increasing the amount of life-threatening bleeding, researchers said on Sunday.

Employees aim for up to 5 percent stake in VW

The roughly 370,000 employees of Volkswagen and Porsche are striving initially to acquire a stake of up to 5 percent in the automotive group, VW's labor chief told a German newspaper.

Fox's new

Columbia Records will release a series of soundtracks from Fox's upcoming musical drama

Noel Gallagher quits Oasis

Lead guitarist and songwriter Noel Gallagher has quit Oasis, according to a statement he posted Friday night on the band's website.

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