IBT Staff Reporter

52411-52440 (out of 154954)

FBI probing Olympus fee; shares tumble

The FBI is investigating the massive advisory fee involved in Olympus Corp's takeover of a British company, a person familiar with the probe said, in a deepening scandal that has wiped out more than half the company's value.

China Mobile says has 10 million iPhone users

China Mobile <0941.HK>, the world's largest mobile carrier by subscribers, has 10 million iPhone users even though it does not yet have an agreement with iPhone maker Apple , its chairman told Reuters on Monday.

Rajaratnam says U.S. pushed to turn on friend: report

Just weeks before fallen hedge fund tycoon Raj Rajaratnam was sentenced to 11 years in prison for insider trading, U.S. prosecutors pressed him to turn on his friend, former Goldman Sachs Group Inc director Rajat Gupta, Newsweek Daily Beast reported.

ECB's Trichet wants more euro zone power over states

Outgoing European Central Bank President Jean-Claude Trichet called on Monday for euro zone authorities to have greater powers over the economic policies of the bloc's errant members, setting out a vision for a closer-knit currency area.

Caterpillar quarterly earnings jump 44 percent

Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook.

German right sees battling Merkel prevailing on euro

Angela Merkel's supporters praised her for getting France to drop demands to use the European Central Bank to leverage euro crisis funds, but looked like making a meal out of the German parliament's new right to be consulted on how these are used.

Caterpillar profit jumps amid slower economy

Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook.

IMF positive on Ghana outlook but warns on finances

The International Monetary Fund hailed the medium-term outlook for Ghana's oil-fueled economy as positive on Monday, but warned it would have to rein in public finances to keep the public deficit under control.

EABL freezes sale of stake in SABMiller's unit

East African Breweries Ltd said on Monday that the sale of its 20 percent stake in brewing giant SABMiller's Tanzanian unit, expected to raise 121.5 billion shillings was delayed indefinitely.

Burundi police kill four gunmen in clash

Burundi police killed four gunmen after a heavy exchange of fire, a police officer said on Monday, the latest in a series of violent incidents that raise concerns about a new insurgency in the coffee-producing nation.

Nigeria arrests 46 oil thieves, seizes ship

Nigeria's military said on Monday they had detained a small oil tanker and arrested 46 people trying to ship illegally refined oil products, pursuing a fight against an underground industry worth hundred of millions of dollars a year.

Dubai firm plans $500 mln copper smelter in Tanzania

Dubai-based City Energy & Infrastructure LLC plans to build a copper smelter and sugar plant in Tanzania over the next three years at a total investment of $500 million, a senior company official said on Monday.

S.Africa's stocks close at near 3-month high

South African stocks closed at their highest level in nearly three months as demand for resources firms rose with hope that European Union leaders will agree on a solution to their region's debt woes later this week.

Tunisia counts votes after first Arab Spring election

Moderate Islamists said on Monday their party appeared to be ahead in Tunisia's first free election since an uprising earlier this year that set off the Arab Spring revolts, hinting at a shift in a country long known for its secularism.

Fidel Castro calls NATO brutal for Libya role

Former Cuban leader Fidel Castro denounced NATO on Monday for its role in the overthrow of Libyan leader Muammar Gaddafi, saying the brutal military alliance has become the most perfidious instrument of repression the history of humanity has known.

Libya ends public showing of Gaddafi's body

Libya's interim rulers ended the public display of the bodies of Muammar Gaddafi, his son and army chief on Monday after four days in which thousands of Libyans came to see for themselves that the dictator was really dead.

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