IBT Staff Reporter

153091-153120 (out of 154948)

Morgan Stanley Buys Bank to Gain China Access

Morgan Stanley said on Monday it has acquired China's Nan Tung Bank, a deal that would give the Wall Street giant a coveted onshore commercial banking license in China ahead of U.S. investment bank rivals. The deal allows Morgan Stanley to apply immediately to offer yuan-denominated products.

FTSE flat, online gaming sector plummets

The FTSE 100 index was flat on Monday with utilities leading the way but online gambling firms plummeting after the U.S. Congress passed legislation to ban online gaming there.

British Airways shares rise on bid report

British Airways shares rose over 2 percent in early trade following a newspaper report that two Middle Eastern groups considered bidding for the airline earlier this year.

Screeching mobiles will give thieves ear bashing

Mobile phones that emit a piercing scream that will give all but the deafest thieves pause for thought was launched in Britain on Monday in a bid to tackle crime which costs millions of pounds each year.

Online gaming in crisis over U.S. ban

Online gambling firms faced their biggest-ever crisis on Monday after U.S. Congress passed legislation to end Internet gaming there, threatening jobs and wiping 3.5 billion pounds ($6.5 billion) off company values.

Macquarie involved in aircraft deal

Macquarie Bank will invest $US150 million ($200 million) for a minority stake in the aircraft leasing arm of New York listed transport group GATX Corporation.

ING Finds Success in Online Banking

As more and more people turn to the Internet to pay bills and shop for goods and services, Dutch financial services group ING has carved out a lead in what was once considered the most elusive of online services: banking.

AWB could face terror-related charges

AWB could face terrorism-related charges amid claims some of its staff knew money being funnelled to Saddam Hussein's government could have been funding atrocities against his own people.

Arrow wins India coal gas blocks

India has awarded coal bed methane gas blocks to firms including British oil major BP Plc, Australia's Arrow Energy and India's Reliance Energy Ltd and Tata Power Co Ltd.

Investment Group to Buy AWG: Source

An investment group is expected to announce Monday that it has struck a deal to buy British water utility AWG PLC for about $4.12 billion (2.2 billion pounds), a source familiar with the situation told Reuters on Sunday.

Women Have Mixed Success at Drug Companies: Study

Top women executives do slightly better at U.S.-based healthcare and pharmaceutical companies than in other industries, but 35 percent of big drug companies do not have a single female director, according to a new survey.

Dollar Hits 5-1/2 Month High After BOJ Survey

The dollar hit a 5- month high against the yen on Monday as investors dumped the Japanese currency after it failed to hold on to gains following the BOJ tankan survey, which showed confidence at big manufacturers hitting a two-year high.

EADS to Unveil 2B Euro A380 Shakeup

European aerospace group EADS will unveil restructuring measures aimed at saving 2 billion euros ($2.53 billion) a year this week after new delays in deliveries of its A380 superjumbo, financial daily Les Echos reported, without quoting sources.

Holidays Shine Light On Struggling U.S. Retailers

Changes could be coming for retailers like Gap Inc. and Pier 1 Imports Inc. that have struggled with falling same-store sales, while other retailers, like jeweler Zale Corp. will be watched to see if they can rebound from missteps during last year's holidays.

PM in South Africa to strengthen ties, discuss UN reforms

Indian Prime Minister Dr. Manmohan Singh who arrived in South Africa on Saturday, will, during his four-day visit, discuss major UN reforms with the South African President Thabo Mbeki, besides signing a number of bilateral agreements on a wide range of subjects including one on preferential trade, investment and energy cooperation.

Apple's Aperture Available for Download

Earlier this week Apple Computer released the latest iteration of its post-production photography software, Aperture 1.5 to retail consumers, but on Friday, the firm announced that the tool will be available for download as well.

Thai Economy Ready for Growth: UN

United Nations economists predict Thailand's economy can grow, stating that gross domestic product has the potential to reach 4.7 percent next year provided the new government maintains stability.

Car to Driver: Please Replace My Fuel Pump

Imagine your car warning you of an icy road ahead, reading aloud the text messages arriving on your phone and sending you an e-mail that your fuel pump needs replacing soon.

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