Food safety a big problem worldwide: WHO officials
China should not be singled out for particular concern over food safety, a big problem that rich and poor countries alike must tackle through better regulation, top World Health Organization (WHO) officials said on Tuesday.
Japan quake stirs nuclear fears, displaces thousands
Officials at the world's biggest nuclear power plant said on Tuesday there had been more minor radiation leaks after an earthquake in Japan that killed nine people and forced thousands from their homes.
Basell to buy Lyondell for $12 billion
Chemical maker Basell said on Tuesday it would buy Lyondell Chemical Co. for about $12.14 billion, giving it access to Lyondell's commodity assets and refining capacity. Basell has been seeking acquisitions in the chemical sector and was last week trumped by Apollo Management's Hexion Specialty Chemicals in a bid for Huntsman Corp.
Earnings Preview: Google
Google, Inc. is expected to post double-digit gains in profit and sales when it reports second-quarter results on Thursday as the company maintains a substantial lead in online search.
Hershey, Barry Callebaut in chocolate supply, development deal
Swiss chocolate maker Barry Callebaut said that it has signed a supply and development partnership deal with the Hershey Company.
Nike says committed to grow in Indonesia
A company director made the statement after the firm made a decision to scrap contracts with two of its suppliers
Man gets death in China brickworks slavery scandal
China sentenced a man to death and jailed another 28 people for up to life on Tuesday for their roles in a massive slavery and child labor scandal involving scorching brickworks.
Houghton Mifflin, Harcourt Merge in $4 billion deal
Publisher Houghton Mifflin Co. said it agreed to buy Harcourt, the education arm of rival Reed Elsevier Plc for $4 billion.
News Corp., Dow Jones reach tentative deal
News Corp. has reached a tentative deal to buy Dow Jones & Co. Inc., parent company of the Wall Street Journal, for $5 billion, the Journal reported late Monday. The Dow Jones board will meet on Tuesday to consider the $60-a-share offer after negotiators reached an agreement in principle Monday afternoon.
Internet phone company Sunrocket shuts down
SunRocket Inc., the second largest supplier of Internet phone services shut down its business on Monday without notifying its customers, which total more than 200,000.
Barclays to sweeten bid for ABN: FT
Barclays is planning to sweeten its offer for ABN AMRO after a consortium of rivals led by Royal Bank of Scotland revised its bid for the Dutch bank, the Financial Times said on Tuesday.
FACTBOX: Japan's many earthquakes
More than 10,000 people huddled in evacuation centers in northwest Japan on Tuesday after a strong earthquake the previous day killed nine people and injured more than 1,000.
Dow hits record amid subprime worries
The broader U.S. stock market fell on Monday on worries that troubles in the subprime mortgage market may spread, but optimism about earnings at multinational companies pushed the Dow to nearly 14,000.
Energy stocks fell, led by ConocoPhillips, because of concern about dwindling profit margins for gasoline.
Lead hits record, nickel slips, copper eases
Industrial metal lead extended its recent hot streak on Monday, hitting another high, while steel additive nickel was hit by reports of lower use, fund managers and analysts said.
Oil eases after hitting fresh 11-month high
Oil slipped on Monday as traders took profits and refinery restarts in the United States eased worries of a summer gasoline crunch.
China blames foreign media for food health scares
Foreign media have fuelled unfounded fears about Chinese products, the nation's top quality official has said, as China blocked a U.S. protein powder shipment while the two countries sparred over safety worries.
U.S. oil may hit $95 if OPEC does not hike output: Goldman
U.S. crude price could top $90 a barrel this autumn and hit $95 by the end of the year if OPEC keeps oil production capped at current levels, Goldman Sachs said in a report issued on Monday.
Harry Potter rides to top of box office charts
Harry Potter and the Order of the Phoenix whisked its way to No. 1 at movie box offices with weekend ticket sales of $77.4 million and a five-day total of just over $140 million, according to studio estimates on Sunday.
Restoring trust biggest headache for British TV
For the BBC and commercial broadcasters across Britain, their problems right now are all summed up in one word -- trust.
Prince angers retailers by giving album away free
Rock star Prince gave his latest album away free on Sunday with a British tabloid, to the fury of music retailers.
Blackstone unit to buy DJO for $1.3 billion
A unit of private equity giant Blackstone Group will buy knee and ankle brace maker DJO Inc. for $1.3 billion, the companies said on Monday.
New sweet crudes to put Asia market under pressure
Some 120,000 barrels a day of new high-quality, low-sulphur oil will start flowing from Asian fields this quarter, putting strong regional crude differentials under some pressure and boosting light product yields.
Harry Potter's end has publishers and fans sweating
It's costing a small fortune to keep the secret safe, as security measures increase ahead of this week's book release.
Hedge fund Pershing Square has big stake in Target
The hedge fund run by activist investor William Ackman said on Monday it now owns a 9.6 percent stake in Target Corp., adding the discount retailer to its small list of closely watched investments.
Vodafone denies planning $160 bln bid for Verizon
Wireless telecommunications company Vodafone Group Plc denied a report that it was considering a $160 billion bid for Verizon Communications Inc., a move that would consolidate ownership of their wireless joint venture.
IHOP to buy Applebee's for $2.1 billion
IHOP Corp. said on Monday it plans to buy Applebee's International Inc. for $25.50 per share, as the newly restructured company seeks growth outside its iconic pancake chain. The companies said the all-cash deal, which represents a 4.6 percent premium to Applebee's closing price on Friday, was worth $2.1 billion.
McDonald's sees profit above Street, June sales jump
McDonald's Corp. said on Monday it expects to report quarterly earnings above Wall Street estimates on its strongest quarterly sales in three years.
Dubai stock market owner to bid for OMX: report
The owner of Dubai stock exchange is preparing an offer for Nordic stock market group OMX, rivaling the proposed $3.7 billion merger between OMX and U.S. group Nasdaq, Telegraph.co.uk reported on Sunday.
Asia shares ease
Asian shares mostly eased on Monday with South Korea retreating from record highs on fears the government may move to cool the market, while Brent crude was about $1 away from its highest level due to supply worries.
Ford considers selling Volvo Cars business: source
Ford Motor Co. is considering selling its Volvo Cars business as it assesses the future of its European operations, a source familiar with the matter said on Sunday.