IBT Staff Reporter

Canadian advertising agency Cossette Inc said on Monday it has accepted a sweetened bid from U.S. private equity group Mill Road Capital and it continues to recommend that its shareholders reject an unsolicited takeover proposal from Cosmos Capital.

The Dubai government said on Monday it was not responsible for the debts of Dubai World, dealing a blow to creditors' assumptions that the Arab emirate would guarantee the conglomerate's liabilities.

OmniVision Technologies Inc, which makes semiconductor image sensor devices, posted better-than-expected second-quarter results but forecast a weak third quarter, sending its shares down 10 percent in extended trade.

Belgian discount supermarket chain Colruyt reported an 8 percent rise in first-half net profit and repeated its forecast for a more modest rise in full-year net profit.

Belgian holding company RHJ International reported a narrower first-half operating loss on Monday and a rare net profit due to one-off gains from industrial activities it ultimately plans to divest.

The Airbus A400M will cost the seven countries buying the military transport an additional 7.4 billion euros for the 180 aircraft on order, Les Echos newspaper reported in a preview of the front page of its Tuesday edition.

It's the Ford Mustang against the Chevy Camaro in a race for muscle car sales dominance, and Ford is aiming to take the lead with gas mileage.

Scotland's First Minister Alex Salmond has launched plans for a referendum next year, seeking for independence from the United Kingdom.

Tiger Woods has pulled out of the Chevron World Challenge in California following his car crash on Friday.

The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power stations are still way higher than normal, U.S. coal mining executives said on Monday.

An influential Iranian leader suggested on Monday Iran should quit the Non-Proliferation Treaty in protest against a U.N. censure over its nuclear activity, but its atomic energy chief dismissed such a move.

Holiday sales of Sirius XM Radio's satellite radio players are so far matching expectations, helped in part by an advertising blitz featuring footage of Elvis Presley and Michael Jordan.

Apple is projected to enjoy huge Mac sales from Black Friday, the biggest shopping day in a year, analyst said on Monday, citing third-party retailers as the key.

U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.

Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.

U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.

General Motors has regained full control over Opel after paying back a 1.5 billion euro emergency loan including interest, dissolving a trust that held a 65 percent stake in the European carmaker.

U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.

While the term “Black Friday” has been used for several decades by retailers, the public and media to describe the day after Thanksgiving, some new terms are coming into use to describe additional events in the holiday shopping cycle.

Oil prices rose slightly on Monday as the weak dollar provided support, outweighing concerns over debt-laden Dubai and its impact on the global economy.

Professional golfer, Tiger Woods, will not play at this week's Chevron World Challenge in California citing injuries from his car accident in Florida on Friday.

U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.

Job losses in the United States slowed sharply in November, cushioned by seasonal adjustments and a budding economic recovery that is encouraging some companies to retain workers, a Reuters survey predicts.

Oil prices steadied at $76 a barrel on Monday, shedding most of the session's early gains, as worries about Dubai's debt crisis and its impact on the world economic recovery returned to haunt investors.

The Chinese premiere characterized international pressure to allow its currency to appreciate as unfair, saying countries calling for a change were themselves embarking on “brazen trade protectionism.”

More technology companies went public this year despite a world economy still trying to find its footing, and that is a good sign the pace of tech initial public offerings might accelerate in 2010.

U.S. stocks rose on Monday, led by financial shares in a late rebound on hopes that possible fallout for U.S. banks from Dubai's debt woes will be contained.

President Barack Obama on Monday was prepared to announce he will deploy about 30,000 more U.S. troops to Afghanistan as part of a new strategy that will stress a U.S. intention to ultimately exit the country.

A clutch of major emerging economies including China and India have forged a united front to put pressure on developed countries at next month's climate change negotiations in Copenhagen.