IBT Staff Reporter

The Eurozone's private sector tipped further into decline in October, according to business surveys on Monday that showed the bloc's economy is in serious danger of lurching from stagnation into outright recession.

Kohlberg Kravis Roberts is placing an early bet on a slowdown in the Chinese economy and plans to expand into Hong Kong in the next six to nine months with its $2 billion special situations unit, the Financial Times reported on Friday.

After a slew of rumors circulated in the web for some time, since 2010, Netfix has officially announced its expansion to the UK and Ireland early 2012.

Samsung Group confirmed that it had named a group led by online shopping mall operator Interpark as preferred bidder for its procurement arm iMarketKorea Inc, in a deal to buy Samsung's up to $342 million stake in the firm.

InterContinental Hotels Group , the world's biggest hotelier, is enjoying higher revenue growth at its American operations, highlighting industry resilience in the face of a global economic slowdown.

Saudi Arabia will not need to tap into its reserves this year to finance additional budget spending but it is considering whether to issue Islamic or conventional bonds to help fund specific projects, the country's Finance Minister Ibrahim Alassaf told Reuters.

TomTom, the Dutch navigation equipment and digital map maker, said it will cut 50 million euros ($69.7 million) in costs, including jobs, to help improve profitability as it posted a dip in quarterly sales on lower demand and falling prices.

Stock futures pointed to a higher open for equities on Wall Street on Monday, building on sharp gains in the previous session, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.4 to 0.5 percent.

Stock futures pointed to a higher open for equities on Wall Street on Monday, building on sharp gains in the previous session, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.4 to 0.5 percent.

U.S. companies do not plan to significantly increase payrolls over the next six months but neither do they intend to aggressively fire workers, according to a survey on Monday that suggested lackluster job growth.

World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China's economy may not be in as much danger as feared.

World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China's economy may not be in as much danger as feared.

China's vast manufacturing sector expanded moderately in October to snap three months of contraction, reflecting the resilience of robust domestic demand that is likely to soothe fears of an abrupt slowdown in the world's second-largest economy.

Netflix Inc said it will launch a subscription service in the United Kingdom and Ireland in early 2012, offering unlimited TV shows and movie streaming over the Internet.

Intercontinental Hotels Group , the world's biggest hotelier, reported higher revenue growth at its American operations and said customer demand had remained strong despite the global economic slowdown.

Arsenal burst into the top seven of the Premier League for the first time this season after a 3-1 win at home over Stoke City.

European stocks were set to open higher on Monday after data about China helped allay fears of a hard-landing in the world's second-largest economy, while the euro steadied on hopes that Europe's leaders were making some progress toward tackling the region's debt crisis.

A heated West London derby ended in shock with nine-man Chelsea defeated 1-0 against QPR at Loftus Road.

Tokyo Electric Power Co <9501.T> on Monday said it has no plans to sell all the stakes it holds in overseas uranium projects, denying a newspaper report that it would take such a step to raise funds to help victims of the crisis at its Fukushima nuclear plant.

The battle for Manchester for well and truly won by the blue half as Manchester City demolished Man United to a 6-1 humiliation at Old Trafford.

China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's second-largest economy backed by robust domestic demand.

China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's second-largest economy backed by robust domestic demand.

More than 200 people were confirmed killed and hundreds more feared dead after an earthquake hit parts of southeast Turkey Sunday with rescue teams working through the night to free trapped survivors.

Fortress Investment Group LLC has hired David Dredge as co-chief investment officer at its convexity strategies group, two sources familiar with the matter said.

China's consumer inflation is likely to ease below 5 percent by November and December, a senior official at the country's economic planner said in remarks published on Monday, raising hopes Beijing can contain prices that have held near three-year highs.

Global miner Rio Tinto said on Monday iron ore demand remained robust despite market weakness, and said a fall in prices was accelerating a move to shorter-pricing methods.

Apple Inc co-founder Steve Jobs revolutionized multiple industries with his cutting-edge products but he was not the world's best manager, biographer Walter Isaacson said.

Saudi Telecom Co plans major acquisitions in the Middle East next year to take advantage of a buyer's market to expand it's regional presence, the chief executive of its international operations said on Sunday.

Japan's exports rose at a faster pace than expected in the year to September, suggesting that resilience in exports is underpinning the economic recovery despite a global slowdown and the strong yen.