GM Europe head says to sell Opel to Magna soon: report

General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.

More bidders interested in Porsche stake: report

Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday. (10:48 AM ET)

China defends M&A policy towards foreign investors

China said on Saturday its policy toward foreign acquisitions of domestic firms was fair, explaining that broader national concerns take precedence over the potential benefits to any single company. (2:23 PM ET)

Former Beatles, Stones manager Allen Klein dies

Record label mogul Allen Klein, who handled the affairs of both the Beatles and the Rolling Stones, died in New York on Saturday after a battle with Alzheimer's disease, a spokesman said. He was 77. (2:17 PM ET)

China wind companies poised for green policy boost

China's ambitious plan to increase wind power capacity could attract up to $150 billion in investment, but Beijing will have to get serious about revamping regulations and building much needed infrastructure. (2:56 PM ET)

PetroChina boosts output at Sulige gasfield

Top oil and gas firm PetroChina raised daily output at its largest Sulige gasfield, in northern China's Ordos Basin, to 25.6 million cubic metres, up 67 percent from last July, its parent CNPC said. (11:28 AM ET)

Novo Nordisk says Victoza cleared for EU market

Danish pharmaceuticals group Novo Nordisk's diabetes drug Victoza, a key driver for future sales, has won European Commission approval for marketing across the European Union, the company said on Friday. (11:23 AM ET)

• Rio wraps up rights issue, Australia demand strong
• Foreign firms welcomed to make IPOs in China
• China approves first major IPO in 10 months
• Green shoots start to sprout in green sector

• EU: no probe of German state aid for Opel for now
• China's BAIC submits non-binding Opel offer-sources
• Ford sales jump, rest of Canada auto sector slumps
• RHJ FY loss widens sharply, sparks Opel doubts

• China's Taizinai denies report of talks with Nestle
• Copper scrap spreads widen amid the summer doldrums
• Xstrata confirms $1 bln Anglo merger synergies
• US copper hits 2-week, over-looks China buying halt

• Europe biotechs see light at end of funding tunnel
• Celesio owner Haniel balks at Panpharma takeover
• GE teams up with Geron for stem-cell research
• Sanofi's Lantus linked to cancer: what is known?

• Petro Andina recommends rejection of Pluspetrol bid
• CNPC to bid $17 bln for Repsol YPF's Argentinian unit: report
• Saudi, Conoco relaunch Yanbu refinery bidding
• Encore Acquisition to buy properties from EXCO

• GE announces Rugged Field-Mountable Platform for remote applications
• Onex takes control of Tropicana Las Vegas Hotel
• China's Web filtering starts in the West
• "Green Dam" live date delayed

• Canon merging stepper sales, production ops
• India's Tech Mahindra to absorb Satyam at some stage
• Nortel's enterprise unit could go next
• Apple CEO Jobs had liver transplant: report

• Handelsbanken takes over Plastal units
• Quebecor World reorganization plans approved
• Carlyle, Primus among bidders for AIG unit: sources
• Validus reiterates offer for IPC after rival bid

• Alcatel sees telecoms equipment market down 8-12%
• France Telecom plans $2 bln, 2-part bond -IFR
• Unicom, Apple close to iPhone deal for China-Merrill
• Greece to sell 5 pct OTE stake to Deutsche Telekom