GM to start repaying $6.7 billion government loan: source

General Motors Co. will announce on Monday it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.

Retail sales rise faster-than-expected

Sales at U.S. retailers rose more than expected in October as consumers bought more motor vehicles and other goods, but the previous month's figures were revised sharply downward, a government report showed on Monday.

Dollar to dominate at least for a decade-IMF head

The dollar will still be the world's dominant currency in 10 years' time because the United States will still be the world's most important economy, the head of the IMF said on Monday.

Citi rejects Terra Firma's latest bid to save EMI: report

Citigroup Inc recently rejected a proposal from Guy Hands' private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI , the Wall Street Journal said on Monday.

Boeing sees growth in Mideast

Boeing , which expects airlines to return to profitability in 2011, said on Monday that Middle East carriers would need 1,710 new jets over the next 20 years, valued at about $300 billion.

Canon seeks printer power with $1.1 billion Oce bid

Japan's Canon <7751.T> plans to buy Dutch copier and printer maker Oce for 730 million euros ($1.1 billion), in a challenge to rivals Ricoh <7752.T> and Xerox in the hunt for growth.