IBT Staff Reporter

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GE to buy John Wood unit for $2.8 billion

General Electric Co is to buy a unit of British energy services firm John Wood Group for about $2.8 billion, the latest move by the largest U.S. conglomerate to boost its presence in oil services.

Nexans sees sales, margin growth in 2011

Nexans, the world's biggest cable maker, on Monday said it expects to see growth in sales and operating margin this year following an upturn in the second half of 2010 and despite rising commodity costs.

Nokia's Microsoft deal gets renewed hammering

Nokia's all-or-nothing deal with Microsoft fails to answer key questions about smartphone development and risks a turbulent transition period, analysts said on Monday, driving its shares down yet further.

Samsung Galaxy Tab 10.1 vs Motorola Xoom

Samsung launched its 10.1-inch Galaxy Tab at the Mobile World Congress event in Barcelona, reflecting its move from the 7-inch form factor to tackle the likes of Motorola Xoom and Apple iPad.

China trade surplus shrinks after import surge

China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.

World stocks rise on China data

World stocks edged toward last week's 30-month high on Monday as China's shrinking trade surplus underscored its robust domestic demand and talk of slower-than-expected inflation eased policy tightening concerns.

Nokia shares fall further after Microsoft deal

Shares in Nokia, the world's top mobile phone maker by volume, fell again on Monday as analysts cut their recommendations and earnings forecasts after its deal to use Microsoft's software.

Asian stocks shine, China inflation data eyed

Asian stocks rallied on Monday, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghai's main share index to its best level in seven weeks.

Algeria opposition says to hold weekly rallies

Algerian opposition groups said on Sunday they would follow up the protest they held this weekend by calling a demonstration in the capital every Saturday until the government is changed.

Abbas' cabinet to resign on Monday - sources

The Palestinian cabinet will tender resignations Monday after which Prime Minister Salam Fayyad will select new ministers at the request of President Mahmoud Abbas, political sources said.

Yemeni police block protesters' march on palace

Hundreds of anti-government protesters, inspired by the mass uprising in Egypt, clashed with police blocking them from marching to Yemen's presidential palace in Sanaa on Sunday, witnesses said.

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