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Renault Board to Discuss GM Tie-up Plan

An audacious plan for a tie-up between General Motors Corp and Renault that would create a $100 billion global auto giant was set to come before the board of the French carmaker late on Monday.

Online Networkers Prefer Computers to Cellphones

Wireless companies hoping to emulate the success of online teen hangout Web sites like MySpace.com on cellphones are finding it hard to entice teenagers away from their computers.

Dollar slides after tame US inflation measure

The dollar fell on Friday after a tame measure of core U.S. inflation reinforced market expectations that the Federal Reserve may be nearing the end of its two-year-long monetary policy tightening cycle.

FTSE Heads for Top Weekly Gain as Miners, Oils Rise

Britain's leading shares trekked higher on Friday, putting the FTSE 100 index on course for its biggest weekly gain in nearly eight months as miners and oil stocks charged higher.

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FTSE 100 at 3-week high as oils and miners jump

Britain's FTSE 100 share index hit a 3-week high on Thursday, fired up by strong resources and bank stocks, although trading levels were modest ahead of a U.S. interest rate decision. Banks saw HSBC and Royal Bank of Scotland gain 1.1 percent, while Barclays put on 1.5 percent.

Morgan Stanley sees foreigners returning to Japan

Foreign investors are likely to return to Japanese stocks as companies begin to lift their earnings forecasts this summer, and could help boost the TOPIX index as much as 18 percent by the end of this year, Morgan Stanley's Japan equity strategist said on Wednesday.

Dollar firm, awaits Fed rate decision, statement

The dollar edged higher across the board on Wednesday as investors awaited signals from the Federal Reserve on further interest rate hikes which may accompany a rise widely anticipated for later this week.

Markets stall as Fed meeting looms, oil at $72

Financial markets stalled on Wednesday as uncertainty about when the Federal Reserve will end its monetary tightening campaign kept investors sidelined, while crude oil rose above $72 a barrel on worries about U.S. gasoline supplies.

Nikkei falls 1.7 pct as Bridgestone slides

The Nikkei fell 1.74 percent on Wednesday as tyre maker Bridgestone Corp. a day earlier cut its profit forecast citing higher raw material costs, pulling down its own shares and those of rivals and chemical makers.

U.S. stocks set to open up on energy; focus on Fed

U.S. stock futures rose on Wednesday, suggesting a higher open on Wall Street before the start of the Federal Reserve's two-day policy meeting, with energy shares set to lead the way.

GM says 35,000 Accept Early Retirement Package

qGeneral Motors Corp. said on Monday that 35,000 workers - or almost a third of its hourly work force - had accepted payouts to retire and leave the company, topping expectations and putting the world's largest automaker two years ahead of schedule on planned job cuts.

Virgin Tip Sparked BA Cartel Inquiry

A tip off by Virgin Atlantic Airways triggered an investigation into alleged airfare price-fixing by British Airways after it passed on information to Britain's Office of Fair Trading (OFT) about its arch rival, an industry source said on Saturday.

Wall St. Week Ahead: For Stocks, Fed's Rate Move in Focus

Fed watchers are set to take over on Wall Street next week as a Federal Open Market Committee meeting could give stock investors more clues on the outlook for interest rates.

Energy Deals Flourish Even With Lofty Price Tags

Anadarko Petroleum Corp.'s blockbuster $21 billion move on Friday to buy two sizeable U.S. oil and gas companies signals that a rush is on to grab energy assets, even with their lofty price tags.

Televisa Group Bids for Univision

An investor group led by Mexican broadcaster Televisa submitted a bid for Univision Communications Inc. on Friday, but a rival offer expired, casting new doubts on a closely watched auction for the largest U.S. Hispanic broadcaster.

Stocks Rally on Strong U.S. Earnings, Yen Slips

Stock markets rallied on Thursday on hopes that strong earnings will continue with mining companies among the top gainers on the back of a jump in commodity prices.

Adobe to be Google's latest Web search distributor

Adobe Systems Inc. said on Wednesday Google Inc. had agreed to pay the multimedia software maker a significant amount to distribute the Web search leader's software.

Chrysler to offer new discounts in July to clear glut

Chrysler Group, a unit of DaimlerChrysler AG, will roll out a new program of discounted vehicle pricing in July in a move intended to clear an overhang of unsold 2006 models, the company said on Wednesday.

Kraft: Major Takeovers Tough Before Spin-Off

The world's second-largest food company, Kraft Foods Inc., said on Wednesday that large acquisitions would be difficult to make ahead of its full spin-off from majority owner Altria Group Inc.

Traditional Media Rules Retail -- For Now

U.S. retailers, always on the lookout for hot trends, appear to be deliberately behind the times when it comes to advertising.

Stock Futures Mixed Ahead of Housing Data

U.S. stock futures on Tuesday pointed to an uncertain start after two sessions of losses, with the housing sector in renewed focus ahead of housing starts data.

It's My Company, and I'll Buy It Back If I Want To

It's every entrepreneur's dream to build a business out of nothing and make a fortune by selling it or floating it on the stock market. But what do you do if the new owners make a mess of it?

Blu-ray DVD format makes low-key market debut

The next-generation DVD format war limps on in the coming weeks as Blu-ray - one of two formats vying to become the high-definition standard - officially launches its first player and titles.

Nestle Buys Jenny Craig Diet Firm for $600 Million

Switzerland's Nestle bought U.S. weight-loss company Jenny Craig for around $600 million, it said on Monday, expanding its high-margin nutrition and health business.

Wall Street Keeps Eye on Stocks, Not Soccer

It's business as usual in New York's banks and brokerages where a muted response to the World Cup has allowed companies to turn a blind eye to staff watching soccer matches at their desks or on trading floors.

Stock Bulls Hope Rebound Has Legs

If bulls have their way next week, U.S. stocks could extend the rebound that has some on Wall Street hoping the worst is over after a month-long sell-off.

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