IBT Staff Reporter

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Profitable but pelted, Toyota shares due for rebound

Shares in Toyota Motor Corp have been battered this year, lagging both global auto peers and a weak Japanese stock market, but analysts are near unanimous that the world's most profitable carmaker is due for a bounce.

Guitar Hero meets Warcraft in Vivendi-Activision deal

French telecom and media group Vivendi said on Sunday it will merge its video games unit with Activision Inc in a $9.85 billion deal that combines the hit Guitar Hero and World of Warcraft franchises under one roof.

British teacher jailed in Sudan is pardoned

A British teacher jailed in Sudan for allowing her students to name a teddy bear Mohammad will be released on Monday after receiving a pardon from Sudan's president, a source in a British parliamentary delegation said.

Chavez loses president-for-life vote

President Hugo Chavez crashed to an unprecedented vote defeat on Monday as Venezuelans rejected his bid to run for reelection indefinitely and accelerate his socialist revolution in the OPEC nation.

Subprime plan could lift stocks

Wall Street's rebound from its first full-fledged correction in more than four years could continue this week if investors believe a plan to keep millions of Americans from losing their homes can work.

Oil rebounds from worst week ever

Oil bounced back above $89 a barrel on Monday as traders bet last week's nearly $10 selloff was overdone, and might turn the tides against an expected increase in OPEC output when the cartel meets later this week.

Asian markets mostly higher as banks rise

Asian stock markets mostly rose on Monday as financial shares extended gains on hopes of further U.S. interest rate cuts, but some technology stocks eased after Dell Inc's disappointing outlook.

OPEC to weigh modest oil supply boost

OPEC will weigh a modest boost to oil supply at a meeting on Wednesday, but a $10 retreat last week in crude prices from a record high near $100 a barrel could tip the balance away from pumping more.

Chavez leads tight vote, say officials

Venezuelan President Hugo Chavez appeared headed for a narrow win on Sunday in a referendum on scrapping term limits on his rule, government officials said, but opposition leaders said the vote was too close to call.

Putin scores big win

President Vladimir Putin's party won a big majority in Russia's election on Sunday, but the opposition alleged fraud and vowed to contest a result that could help Putin keep a hold on power after he leaves office.

China denies U.S. Navy entry to Hong Kong

Washington said alleged that China turned down the request from U.S. Navy ship to visit Hong Kong on the last minute, blocking the Navy by the Kitty Hawk as well as accompanying U.S. ships away from Hong Kong territory during the Thanksgiving holiday.

Google to Join Spectrum Auction

On Friday, Google announced its participation in the auction of government of radio frequencies, which are to be used in future to deliver mobile phone services and Internet to consumers.

Motorola's Zander to Step Down

Motorola's Chief Executive Officer Ed Zander, who oversaw the creation of the Razr handset, announced on Friday he will step down to make way for Greg Brown, the current Chief Operating Officer.

Clinton Meets with Released Hostages

Sen. Hillary Rodham Clinton met privately with campaign staffers Friday evening in Rochester, New Hampshire after they had been held hostage this afternoon.

Ebola Virus Confirmed, 16 Dead

An outbreak of the lethal Ebola virus in Western Uganda was confirmed on Friday, with 16 reported dead and 51 infected , health authorities.

Motorola names new CEO

Motorola's board of directors Friday revealed that chief executive Ed Zander will be stepping down from his post to be replaced by president and COO Greg Brown.

Motorola's Ed Zander Resigns

Motorola's Chief Executive Officer Ed Zander, who oversaw the creation of the Razr handset, announced on Friday he will step down to make way for Greg Brown, the current Chief Operating Officer.

Suspect in Clinton Hostage Ordeal Known to be Unstable

Now under arrest, Leeland Eisenberg, the distraught man who strapped flares to his chest to appear like a bomb, and held four Hillary Clinton staffers at a campaign office hostage, had been known to be mentally unstable, according to reports.

Amtrak accident leaves 9 people in critical condition

An Amtrak train entered into the back of a freight train on Friday leaving five people in critical conditions and others with minor injuries. Nine people were reported to be in serious condition and another 30 received bumbs and bruises treatment.

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