RockTenn to buy Smurfit Stone for $3.5 billion
Packaging and paper company RockTenn Co has agreed to buy bigger rival Smurfit-Stone Container Corp for $3.5 billion in cash and stock seven months after Smurfit emerged from bankruptcy with less debt and higher profit potential.
Asia stocks concede early gains as sentiment wary
Asian stocks outside Japan struggled to hold on to early gains on Monday, as investors remained wary before a slew of corporate earnings and a Fed meeting this week expected to give a cautious readout on the health of the world's biggest economy.
Nintendo denies Bieber use of Mario theme
Jon Chu, the director, twitters his frustration
Norwegian boy scares off wolves by playing Creed
he boy escaped from them by playing aloud Overcome by Creed
Elizabeth Olsen, the breakout star of Sundance
The younger sister of the Olsen twins is in two films showing at the festival
Gucci and Britney to collaborate on a song
Gucci will record a few lines for her new song Hit
Ann Pettway surrenders in kidnapping case
Ann Pettway, a woman suspected of kidnapping Carlina Renae White at infancy in 1987, surrendered to authorities in Connecticut on Sunday, according to reports.
Private equity vies for Sara Lee: sources
Coffee and meat company Sara Lee Corp will this week weigh an offer from a group of private equity firms which values the company at up to $20 a share or nearly $13 billion, a source familiar with the situation said on Sunday.
Britain's Serco abandons SRA bid: report
British services company Serco has pulled out of a $2 billion bid for U.S. defense consulting firm SRA International Inc , the Daily Telegraph said on Monday.
Sara Lee bid higher than current share price: report
A bid for Sara Lee Corp submitted by an Apollo-led group values the company higher than its current $18.70 share price, Bloomberg reported on Sunday, citing people familiar with the matter.
EU must decide new euro measures urgently: Rehn
European governments must urgently decide on common measures to protect the stability of the euro zone, EU Economic and Monetary Affairs Commissioner Olli Rehn told a German newspaper Monday.
Riversdale unanimously backs Rio Tinto's $3.9 billion bid
The board of Africa-focused coal miner Riversdale, including a representative from top shareholder Tata Steel, unanimously backed a $3.9 billion takeover offer from Rio Tinto, Riversdale said on Monday.
ECB's Trichet rejects using core inflation
The euro zone inflation rate, excluding volatile energy and food prices, does not gauge future price pressures well, European Central Bank President Jean-Claude Trichet was quoted as saying on Sunday.
Philips quarterly net profit seen more than doubling
Philips Electronics is set to post a doubling of quarterly profit on Monday, setting it up for the challenges of weak consumer spending, sluggish construction markets and upcoming management changes.
BlackBerry program may help RIM defend its turf
Research In Motion aims to keep its dominance of the corporate smartphone market by enabling the BlackBerry to segregate a user's personal data from work-related emails and other applications sponsored by employers.
Judge says Bear Stearns investor case can proceed
- Plaintiffs in one of the biggest U.S. investor lawsuits stemming from the financial crisis got a boost from a judge, who said a case against fallen investment bank Bear Stearns and its outside auditor, Deloitte & Touche, can go forward.
Google to give outgoing CEO Schmidt $100 million
Google Inc is set to give Eric Schmidt a $100 million equity award as he hands over the chief executive officer job to co-founder Larry Page.
France's Sarkozy to lay out ambitious G20 goals
President Nicolas Sarkozy will spell out his plans for reforming the international monetary system and curbing volatility in food and fuel prices on Monday in a keynote speech on France's year-long G20 presidency.
Israel launches Persian-language site on Holocaust
Israel's Holocaust museum launched a YouTube channel in Farsi on Sunday with the aim of countering Iranian President Mahmoud Ahmadinejad's public denials that acts of genocide ever happened in World War Two.
Fed to go easy on applause
Federal Reserve Chairman Ben Bernanke may have to muffle his applause for the sturdier U.S. economic recovery.
Ohio unemployment drops, factory hiring rose in 2010
Ohio's unemployment rate in December to 9.6 percent from 9.8 percent a month earlier.
Google prepping to test daily deals service: report
Google Inc is preparing to test a new prepaid coupon and offer service in a bid to better compete in the fast-growing market for local online advertising, the Wall Street Journal reported on Sunday.
Bar set high as stocks eye pullback
The much anticipated pullback is finally under way, some investors say, after a mid-week wobble. But the market is showing it still has some juice left -- if earnings can meet towering expectations.
Rome abandons Grand Prix hosting plans
Italian capital city Rome has given up on its plans of hosting a Formula 1 race, the city's Mayor Gianni Alemanno announced.
Global consumers downbeat on job, inflation worries: Nielsen
Consumers in most countries globally look set to keep a tight grip on spending in coming months as they worry about job security and rising inflation, a survey by the Nielsen Company showed on Sunday.
German government to deliver EU package soon: Schaeuble
Germany's conservative coalition government wants to deliver a comprehensive package soon to strengthen the European rescue fund, the country's Finance Minister Wolfgang Schaeuble was quoted as saying on Sunday.
Cellcom and Iway launch Internet system for cars
Start-up Iway Mobile and Cellcom, Israel's largest mobile phone operator, launched on Sunday a communications, Internet and entertainment system for the automobile.
Texas town, home to the rich and the famous, “most affluent neighborhood” in the US
Based on average median household income estimates from 2005 to 2009, Westlake in Texas emerges as the most affluent neighborhood in America in a study by Forbes.
Former BP CEO in talks over Glencore role: report
Tony Hayward, the former head of BP who was reviled in the United States for his handling of the Gulf of Mexico oil spill, is in talks to join the board of commodities group Glencore, the Sunday Times reported.
Suspect's lawyer calls on Renault CEO to show proof
A lawyer for one of the three Renault executives fired on suspicion of industrial espionage called on Renault Chief Executive Carlos Ghosn to make public on Sunday what proof he has against his client.