International Business News http://www.ibtimes.com/rss/feed/topnews.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/topnews.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Gold rose more than 1 percent to a record high on Monday as concerns about accelerating inflation and weak economic growth prompted investors to seek relatively safer assets, while supply concerns boosted oil and copper. http://www.ibtimes.com/articles/20091123/gold-at-record-resource-plays-boost-stocks.htm http://www.ibtimes.com/data/articleimgs/224541-investors-play-cards-in-front-of-an.jpg http://www.ibtimes.com/articles/20091123/gold-at-record-resource-plays-boost-stocks.htm http://www.ibtimes.com/articles/20091123/gold-at-record-resource-plays-boost-stocks.htm Mon, 23 Nov 2009 00:32:02 EST Ciena Corp <CIEN.O> will buy Nortel Networks Corp's optical networking and carrier ethernet business for $769 million after trumping Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday. http://www.ibtimes.com/articles/20091123/ciena-to-pay-769-million-for-some-nortel-assets-source.htm http://www.ibtimes.com/articles/20091123/ciena-to-pay-769-million-for-some-nortel-assets-source.htm Mon, 23 Nov 2009 00:24:02 EST Ciena Corp <CIEN.O> will buy Nortel Networks Corp's <NRTLQ.PK> optical networking and carrier ethernet business for $769 million after outbidding Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday. http://www.ibtimes.com/articles/20091122/ciena-wins-auction-for-some-nortel-assets-sources.htm http://www.ibtimes.com/data/articleimgs/224540-a-nortel-sign-is-seen-in-downtown.jpg http://www.ibtimes.com/articles/20091122/ciena-wins-auction-for-some-nortel-assets-sources.htm http://www.ibtimes.com/articles/20091122/ciena-wins-auction-for-some-nortel-assets-sources.htm Sun, 22 Nov 2009 23:48:01 EST Chieftain Capital Management, an investment firm with about $3 billion in assets, is breaking up following a rift among its managers, the Wall Street Journal reported on its website on Sunday. http://www.ibtimes.com/articles/20091122/investment-firm-chieftain-capital-to-split-media.htm http://www.ibtimes.com/articles/20091122/investment-firm-chieftain-capital-to-split-media.htm Sun, 22 Nov 2009 23:48:01 EST Challenges for Healthcare Reform; Internet Pay for Play;CEO Delay at BofA? http://www.ibtimes.com/articles/20091122/daily-wrap-nov-22.htm http://www.ibtimes.com/articles/20091122/daily-wrap-nov-22.htm Sun, 22 Nov 2009 23:47:21 EST Democrats in the U.S. Senate cleared the first procedural hurdle for sweeping healthcare reform on Saturday by voting to open debate on the historic legislation. http://www.ibtimes.com/articles/20091122/factbox-major-differences-house-senate-healthcare-bills.htm http://www.ibtimes.com/articles/20091122/factbox-major-differences-house-senate-healthcare-bills.htm Sun, 22 Nov 2009 23:35:57 EST Democrats in the U.S. Senate cleared the first procedural hurdle for sweeping healthcare reform on Saturday by voting to open debate on the historic legislation. http://www.ibtimes.com/articles/20091122/factbox-winners-losers-senate-health-bill.htm http://www.ibtimes.com/articles/20091122/factbox-winners-losers-senate-health-bill.htm Sun, 22 Nov 2009 23:34:04 EST President Barack Obama's U.S. healthcare overhaul plan has cleared an important Senate hurdle but lawmakers warned on Sunday of challenges ahead in winning support for passage, even among Obama's own Democrats. http://www.ibtimes.com/articles/20091122/healthcare-reform-faces-challenges-ins-senate.htm http://www.ibtimes.com/data/articleimgs/224539-usenators.jpg http://www.ibtimes.com/articles/20091122/healthcare-reform-faces-challenges-ins-senate.htm http://www.ibtimes.com/articles/20091122/healthcare-reform-faces-challenges-ins-senate.htm Sun, 22 Nov 2009 23:19:23 EST Microsoft Corp has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google Inc, a source familiar with the matter said on Sunday. http://www.ibtimes.com/articles/20091122/microsoft-news-corp-weigh-web-pact-source.htm http://www.ibtimes.com/data/articleimgs/224535-a-lenovo-s12-netbook-that-uses-the.jpg http://www.ibtimes.com/articles/20091122/microsoft-news-corp-weigh-web-pact-source.htm http://www.ibtimes.com/articles/20091122/microsoft-news-corp-weigh-web-pact-source.htm Sun, 22 Nov 2009 22:48:02 EST Japan's defense ministry is moving toward selecting Lockheed Martin Corp's <LMT.N> F-35 jet as the mainstay of its next-generation fighter force, Kyodo news agency reported on Monday, citing ministry sources. http://www.ibtimes.com/articles/20091122/japan-leans-towards-buying35-fighter-jet-media.htm http://www.ibtimes.com/data/articleimgs/224538-the35-fighter-aircraft-is-seen-at-lockheed.jpg http://www.ibtimes.com/articles/20091122/japan-leans-towards-buying35-fighter-jet-media.htm http://www.ibtimes.com/articles/20091122/japan-leans-towards-buying35-fighter-jet-media.htm Sun, 22 Nov 2009 22:24:02 EST A senior Federal Reserve official said on Sunday the central bank should keep alive a mortgage-backed securities buying program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession. http://www.ibtimes.com/articles/20091122/fed-should-retain-mbs-buying-plan-bullard.htm http://www.ibtimes.com/articles/20091122/fed-should-retain-mbs-buying-plan-bullard.htm Sun, 22 Nov 2009 21:48:01 EST A senior Federal Reserve official said on Sunday the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession. http://www.ibtimes.com/articles/20091122/feds-bullard-keep-mbs-program-active-longer.htm http://www.ibtimes.com/articles/20091122/feds-bullard-keep-mbs-program-active-longer.htm Sun, 22 Nov 2009 21:48:01 EST The Federal Reserve should keep alive its asset purchase programs beyond the first quarter of 2010 to give policy-makers more flexibility if the economy took another turn for the worse, a senior Fed official said on Sunday. http://www.ibtimes.com/articles/20091122/feds-bullard-keep-mbs-program-active.htm http://www.ibtimes.com/articles/20091122/feds-bullard-keep-mbs-program-active.htm Sun, 22 Nov 2009 21:08:02 EST Kraft Foods Inc <KFT.N> may raise its offer for British chocolatier Cadbury Plc <CBRY.L> or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday. http://www.ibtimes.com/articles/20091122/kraft-weighs-higher-cadbury-bid-as-rivals-circle-source.htm http://www.ibtimes.com/articles/20091122/kraft-weighs-higher-cadbury-bid-as-rivals-circle-source.htm Sun, 22 Nov 2009 20:56:01 EST A senior Federal Reserve official said on Sunday the central bank should keep alive a mortgage-backed securities buying program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession. http://www.ibtimes.com/articles/20091122/feds-bullard-keep-mbs-program-alive.htm http://www.ibtimes.com/articles/20091122/feds-bullard-keep-mbs-program-alive.htm Sun, 22 Nov 2009 20:40:02 EST Stocks could sputter this week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile. http://www.ibtimes.com/articles/20091122/stocks-may-sputter-with-black-friday-eyed.htm http://www.ibtimes.com/articles/20091122/stocks-may-sputter-with-black-friday-eyed.htm Sun, 22 Nov 2009 20:32:02 EST The independence of the Federal Reserve is essential for credible monetary policy and doubts about the U.S. central bank's ability to do its job without political interference could hurt the nascent economic recovery, a senior Federal Reserve official said on Sunday. http://www.ibtimes.com/articles/20091122/fed-independence-doubts-could-hurt-recovery-report.htm http://www.ibtimes.com/articles/20091122/fed-independence-doubts-could-hurt-recovery-report.htm Sun, 22 Nov 2009 20:24:02 EST The independence of the Federal Reserve is essential for credible monetary policy and doubts about the U.S. central bank's ability to do its job without political interference could hurt the nascent economic recovery, a senior Federal Reserve official said on Sunday. http://www.ibtimes.com/articles/20091122/fed-independence-doubts-may-hurt-recovery-report.htm http://www.ibtimes.com/articles/20091122/fed-independence-doubts-may-hurt-recovery-report.htm Sun, 22 Nov 2009 20:08:02 EST The dollar's appreciation at the height of the financial crisis shows that markets still view the dollar as a safe haven and the world's main reserve currency, a senior Federal Reserve official said on Sunday. http://www.ibtimes.com/articles/20091122/dollar-still-seen-as-worlds-reserve-currency-bullard.htm http://www.ibtimes.com/data/articleimgs/224537-a-bank-employee-poses-holdings-one-hundred.jpg http://www.ibtimes.com/articles/20091122/dollar-still-seen-as-worlds-reserve-currency-bullard.htm http://www.ibtimes.com/articles/20091122/dollar-still-seen-as-worlds-reserve-currency-bullard.htm Sun, 22 Nov 2009 20:00:03 EST Coca-Cola <KO.N>, the world's largest soft-drink maker, is planning to more than double its number of bottling plants in China within a decade, the Financial Times said. http://www.ibtimes.com/articles/20091122/coke-to-double-china-bottle-plants-within-decade-report.htm http://www.ibtimes.com/data/articleimgs/224536-bottles-of-coca-cola-are-seen-on.jpg http://www.ibtimes.com/articles/20091122/coke-to-double-china-bottle-plants-within-decade-report.htm http://www.ibtimes.com/articles/20091122/coke-to-double-china-bottle-plants-within-decade-report.htm Sun, 22 Nov 2009 19:56:02 EST