IBT Staff Reporter

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Stock index futures point to flat open

U.S. stock index futures pointed to a flat open on Monday, with futures for the S&P 500 up 0.04 percent, Dow Jones futures down 0.03 percent and Nasdaq 100 futures up 0.1 percent at 5:27 a.m. ET.
Jan 24, 2011

Tunisia arrests TV channel owner for treason

Tunisia has arrested the owner of a private TV station and his son for treason for inciting violence and working for ousted leader Zine al-Abidine Ben Ali's return, the state news agency said on Sunday.
Jan 24, 2011

Philips profit disappoints on weak TV sales

Philips Electronics reported lower-than-expected fourth-quarter net profit, as poor TV sales hit its lifestyle division, and warned that consumers in mature markets will be reluctant to spend this year.
Jan 24, 2011

GM falls just shy of Toyota in 2010 sales ranking

Toyota Motor Corp <7203.T> kept its spot at the top of the global sales ranking in 2010, outselling General Motors Co by less than 30,000 units as the U.S. rival achieved faster growth in the world's two biggest markets.
Jan 24, 2011

Scandal damages Berlusconi but not his party-poll

The latest sex scandal surrounding Prime Minister Silvio Berlusconi has damaged his public image but support for his party has risen, meaning he would likely win an early election, a respected pollster said on Sunday.
Jan 24, 2011

Asia stocks concede early gains, sentiment wary

Asian stocks rose on mild bargain buying after a sell-off last week, while the euro hovered near a nine-week high before a Fed meeting this week where it is expected to paint a cautious view of the world's biggest economy.
Jan 24, 2011

Singer Bhimsen Joshi dead at 88

Legendary classical singer Bhimsen Joshi passed away in Pune on Monday morning after prolonged illness, a doctor who attended to him said.
Jan 24, 2011

BSE Sensex up in choppy trade, SBI leads

The BSE Sensex was up 0.8 percent on Monday led by financial firms, but trading was choppy a day before the Reserve Bank's monetary policy and mixed Asian markets.
Jan 24, 2011

RBI almost certain to raise rates on Jan. 25

The Reserve Bank of India (RBI) is expected to resume its rate hike cycle at its quarterly monetary policy review next week as soaring inflation stalks Asia's third-largest economy.
Jan 24, 2011

Morgan Stanley banker drawn into Galleon investigation: report

A Morgan Stanley banker named Kamal Ahmed is under investigation by U.S. authorities for leaking information regarding an upcoming takeover that ultimately was passed on to Galleon Group founder Raj Rajaratnam, the Wall Street Journal said, citing people close to the situation.
Jan 24, 2011

Treasury's toxic asset funds gain 27 percent

The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities market, according to data expected to be released later on Monday.
Jan 24, 2011

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.
Jan 24, 2011

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.
Jan 24, 2011

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.
Jan 23, 2011

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.
Jan 23, 2011

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