Big holder cuts Citi Stake
Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound. Read Full Article here.
EU court adviser backs Google on Net ads
An adviser to the European Union's top court backed Google in a row with luxury goods maker LVMH over Internet advertising, saying the Web search firm had not infringed trade mark rights. Read Full Article here.
World stocks climb again
World stocks climbed and the dollar fell on Tuesday ahead of the Federal Reserve's two-day policy meeting, with investors' search for higher returns reflected in the New Zealand dollar's surge to 13-month highs. Read Full Article here.
FDIC may tap U.S. banks for funds: report
The Federal Deposit Insurance Corp may ask healthy U.S. banks to lend billions of dollars to restore the health of the depleted fund that safeguards bank deposits, the New York Times reported, citing senior regulators. Read Full Article here.
Cadbury CEO admits some synergies with Kraft-WSJ
The head of chocolate maker Cadbury PLC, which is facing a possible takeover by U.S. food giant Kraft Foods Inc, said there were some complementary elements in the two companies' portfolios, according to a Wall Street Journal report. Read Full Article here.
Ford to announce 3rd China car plant: source
Ford Motor Co and its Chinese partner will announce plans on Friday for their third car manufacturing plant in China, where sales may soon outpace its existing capacity, an industry source said on Tuesday. Read Full Article here.
Nortel to sell carrier network assets in auction
Nortel Networks Corp, once North America's largest telecoms equipment maker, said on Monday that it will auction off software assets at its carrier division as it continues the process of selling its operation in pieces to pay creditors. Read Full Article here.