IBT Staff Reporter

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Oil up at 2-1/2-year peaks, Brent above $120

Oil rose to 2-1/2-year highs on Monday, with Brent crude pushing above $120 a barrel on geopolitical risks to supply along with expectations of growing demand after last week's supportive U.S. economic data.

D.Boerse demurs on immediate NYSE bid lift

Deutsche Boerse will wait until bid target NYSE Euronext responds to a rival approach from Nasdaq and Intercontinental Exchange before considering raising its own offer, sources familiar with Boerse's thinking said on Monday.

Boards play it safe as new M&A cycle begins

A nascent recovery in global dealmaking, focused on safer deals with clear strategic logic, probably marks the start of several years of rising mergers and acquisitions, senior bankers told the Reuters Global M&A Summit.

Wall St flat as S&P faces strong resistance

The S&P 500 met tough overhead resistance on Monday as traders saw little reason to push up stock prices in the face of lingering geopolitical uncertainties that have weighed on equities recently.

U.S. oil hits 2.5-year high, Brent nears $120

North Sea Brent crude oil hit a 2-1/2-year high of almost $120 a barrel on Monday as unrest in the Middle East and North Africa kept the focus on oil supplies as economic growth bolstered demand for fuel.

FT won't give up subscriber relationship to Apple

The Financial Times wants to keep selling subscriptions for its digital news directly to readers rather than surrender control of new customers who sign up via Apple's iPad, the managing director of FT.com said.

Beazer gets into used home business

Homebuilder Beazer Homes is moving into the used homes business, starting a new division to buy recently built houses that it will rent out in a depressed U.S. housing market where many people are having trouble qualifying for home loans.

Vodafone SFR deal reflects wider industry changes

Vodafone's exit from France's SFR marks another step in the revamp of its portfolio and reflects how Europe's telecom giants are ditching weaker assets to achieve scale elsewhere ahead of a wave of big investments.

Gold Bullish, Silver Called A Classic Bubble

The Gold Price rose early Monday in London, nearing last week's high of $1439 per ounce as energy prices led a surge in commodity prices and Silver Bullion jumped 1.9% to fresh 31-year highs.

McDonald's hiring 50,000 workers in U.S.

Fast-food chain McDonald's Corp said on Monday that it plans to hire as many as 50,000 U.S. additional employees later this month, citing improvements in its domestic business in recent months.

TEPCO To Dump Radioactive Water Into Pacific

Tokyo Electric Power Company says it is releasing radioactive water into the ocean so as to leave space in the stricken Fukushima Daiichi nuclear power plant for water that is more contaminated.

Nokia says Microsoft talks on schedule

Talks between Nokia, the world's largest cellphone maker by volume, and Microsoft on a software deal are on schedule and a large number of Nokia Windows phones should be sold in 2012.

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