IBT Staff Reporter

82681-82710 (out of 154954)

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.

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.

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.

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.

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.

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.

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.

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.

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