IBT Staff Reporter

Britain's PZ Cussons has made it onto the shortlist of bidders for the European household and personal care business of U.S. consumer goods group Sara Lee , the Sunday Times reported without citing sources.

If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.

Swiss bank UBS will announce more job cuts soon, with staff in Switzerland and departments like marketing to be hit hard, newspapers reported on Sunday.

Swiss bank Credit Suisse has started closing down the offshore accounts of U.S. clients who have not declared the money to the U.S. authorities, a newspaper reported on Sunday.

Toyota Motor Corp's operating loss could balloon to over 500 billion yen ($5 billion) in the year to March 2010, as the global economic crisis hits car sales, the Nikkei business daily said on Sunday without citing sources.

Toyota Motor Corp's operating loss could balloon to over 500 billion yen ($5 billion) in the year to March 2010, as the global economic crisis hits car sales, the Nikkei business daily said on Sunday without citing sources.

A summit of Asian leaders in Thailand was canceled on Saturday after anti-government protesters swarmed into the meeting's venue, renewing doubts about the durability of the government.

Fraud-hit Satyam Computer Services Ltd has used 3 billion rupees ($60 million) of the 6.85 billion bank funds that it has arranged, The Economic Times said on Saturday citing documents from a highly placed source in the company.

More than three months into a medical leave from Apple, Chief Executive Steve Jobs remains closely involved in key aspects of running the company, the Wall Street Journal reported Saturday, citing people familiar with the matter.

BNP Paribas will abandon its attempts to buy the assets of Fortis if shareholders of the stricken Dutch-Belgian group reject the latest revised deal this month, BNP's chief executive said.

Japan's government is finalizing plans to provide Pakistan with up to $1 billion in economic aid over the next two years, the Nikkei business daily reported Saturday.

President Barack Obama said on Friday the recession-hit U.S. economy was showing glimmers of hope despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.

The U.S Treasury Department, on Friday, released the budget details for March 2009 showing a deficit of $192.27 billion, sharply higher than budget deficit of $48.8 billion reported in the corresponding period last year.

More than three months into a medical leave from Apple Inc, Chief Executive Steve Jobs remains closely involved in key aspects of running the company, the Wall Street Journal reported Saturday, citing people familiar with the matter.

Wine tourists are a growing breed as wineries around the globe step up their game and offer visitors better services and gourmet food alongside wine tasting.

U.S. regulators on Friday closed New Frontier Bank of Greeley, Colorado, and set up a temporary bank so depositors can open accounts at other insured institutions.

The founders of Web telephone service Skype, currently owned by eBay Inc, are interested in bidding for the company they sold some four years ago, according to a media report.

NEW YORK - Axl Rose may have spent 15 years fine-tuning the 14 tracks on Chinese Democracy, but it took only five months for the album to make its way into the Rock Band video-game franchise.

The U.S. Department of Labor subpoenaed Tribune Co over an employee stock plan crucial to real estate mogul Sam Zell's buyout of the media company, Tribune said in a bankruptcy court filing on Thursday.

The new top cop at the U.S. Securities and Exchange Commission is viewed as the best hope in years to root out financial fraud and convince fuming investors that the regulator that missed Bernard Madoff's massive fraud is up to the job.

U.S. retailers will continue to face difficulties in the second quarter as both traffic and sales levels are expected to post steady declines versus the same period last year, according to retail research and information company ShopperTrak.

Food prices rose last year more because of higher energy prices, not the production of corn-based ethanol, a study showed.

France raised concerns on Friday after Iranian President Mahmoud Ahmadinejad announced a recent nuclear success.

Pope Benedict reflected on the tragedies and disasters that test faith during a Good Friday procession in Rome, just hours after Italians buried victims of the country's devastating earthquake.

Somali pirates holding an American hostage on a drifting lifeboat want $2 million for his release, a fellow pirate onshore said on Friday.

Followers of Mexico's Saint Death cult figure, revered by thieves and drug runners but also law-abiding housewives, say their faith is being persecuted by the government's war against drug cartels.

Boeing Co. said Friday it plans to cut its production schedule for 2010 due to the economic downturn and lower demand.

The U.S. Treasury and Federal Reserve Bank have asked top U.S. banks not to discuss the “stress tests” which regulators are conducting to determine the viability of the companies, according to reports.

Standard & Poor's on Friday placed its ratings on Boeing Co and its wholly owned finance subsidiary Boeing Capital Corp. on CreditWatch with negative implications after the aircraft maker said it would cut production or delay production increases on certain widebody planes next year.