IBT Staff Reporter

126091-126120 (out of 154954)

USDA to expand testing to reduce E. coli in beef

The U.S. Agriculture Department said on Friday it will increase testing parts of steaks and other meat cuts used to make ground beef as the government steps up efforts to reduce the spread of E. coli bacteria in food.

China seals off town after plague kills two

China has sealed off a remote far-western town of 10,000 people after two people died of pneumonic plague, state media said Monday, but the World Health Organization said such outbreaks were nothing new.

Daily Forex Commentary-3 August 2009

The Australian Dollar opens higher on Monday at 0.8355 after signs emerged on Friday night that the economic decline in the United States is moderating therefore reducing the allure of the greenback as a safe haven.

China says Uighur leader's children condemn mother

China ratcheted up pressure on exiled Uighur activist Rebiya Kadeer on Monday, saying two of her children and her brother had written letters condemning their mother for orchestrating last month's ethnic riots.

EU affirms tough antitrust stand with Microsoft case

Microsoft's offer to settle a decade-long battle with EU antitrust regulators cements the European Commission's reputation as one of the world's toughest watchdogs and could force other firms to follow its example.

Roadside bomb kills 12 in Afghanistan's west

A roadside bomb attack claimed by the Taliban killed at least 12 people in a key commercial city in western Afghanistan Monday, officials said, amid worsening security before a presidential poll this month.

Vale workers strike at Canada Voisey Bay mine

Some of the workers at the Voisey's Bay nickel mine in Canada, run by Brazilian mining company Vale, began planned strike action on Saturday over work conditions, the company said on Monday.

Obama administration hopeful on clunker extension

The Obama administration was optimistic on Sunday that the U.S. Senate would extend the federal cash for clunkers auto sales program, but warned the incentive would be suspended at midweek without new funding.

Nigeria's Oando seeks 200 bln naira for expansion

Nigeria's top fuel retailer and gas distributor Oando Plc plans to raise 200 billion naira ($1.3 billion) through debt and equity over the next two years to expand its business, a senior executive said on Monday.

Wall St rises on resources, banks, data

U.S. stocks extended gains on Monday, pushing major indexes up 1 percent as investors snapped up shares of natural resource companies and banks after fresh data pointed to signs of economic stabilization.

Bharti and MTN extend M&A talks

India's Bharti Airtel and South Africa's MTN Group extended talks to combine their operations to create the world's third-largest mobile operator and analysts said Bharti might need to sweeten its offer to clinch the deal.

New Suncor sees capex cuts of C$1 billion a year

Suncor Energy Inc, which completed its C$22.5 billion ($20.8 billion) acquisition of Petro-Canada on Saturday said on Monday the deal was expected to reduce annual capital expenditures by C$1 billion.

Iran leader approves Ahmadinejad's second term

Iran's Supreme Leader endorsed the presidency of Mahmoud Ahmadinejad in a ceremony boycotted by leading moderates in protest at a disputed poll that plunged Iran into its worst crisis since the 1979 Islamic Revolution.

Humana quarterly profit rises, helped by Medicare

Health insurer Humana Inc posted a 34 percent rise in second-quarter profit on Monday, topping estimates, as an improved performance in its Medicare plans for the elderly offset a decline in earnings from its commercial business serving employers.

Merck vaccines chief to step down November 1

Merck & Co's vaccines chief, Margie McGlynn, who oversaw the launch of its Gardasil cervical cancer vaccine among other products, will step down on November 1, a company spokeswoman said on Monday.

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