Blackstone, Lion get $3.85 billion Orangina bid
Japanese brewer Suntory SUNTH.UL has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments.
Intel aims to move beyond PC to 'Personal Computing'
Intel unveiled a new software platform to help usher in its vision of an electronic world where devices -- ranging from data servers to mobile handhelds -- will deploy familiar and easy to use interfaces , while expanding its reach to broader markets.
Wall Street rises on recovery bets; Fed in focus
U.S. stocks rose on Tuesday, as investors bet that the U.S. Federal Reserve will stick to its accommodative policy to foster the economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
U.S., accused Bear managers battle over evidence
U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government's access to documentary evidence.
Lebanon's Madoff embarrasses Hezbollah
Those who know wealthy Lebanese Shi'ite financier Salah Ezz el-Din say he is a deeply pious, humble man whose close links to Hezbollah made his credentials impeccable as he allegedly embezzled their savings.
Philips eyeing half its sales from emerging markets
Royal Philips Electronics NV aims to generate half its sales from emerging markets including India and China, up from the current one-third, an official at its Indian unit said on Tuesday.
Twitter co-founder Stone says no ads this year
Twitter has no plans to put advertisements on the popular microblogging site this year, co-founder Biz Stone said on the sidelines of a conference in Los Angeles on Tuesday.
British graduate scores in sandwich-board job hunt
In a pinstripe suit, silk tie and polished shoes, David Rowe has all the trappings of a successful London city worker, except for one stark difference -- he is wearing a sandwich board that says JOB WANTED.
Green building materials startup raises $60 mln
Green building materials start-up Serious Materials raised $60 million in a third round of funding and plans to use the money to accelerate product development.
Silver Spring Networks to buy energy managing firm
Privately held smart grid networking company Silver Spring Networks said on Tuesday that it would buy Greenbox Technology, adding energy-management software to its arsenal.
Exhibit gives a back room glimpse of World War Two
Documents and personal letters from world leaders provide a glimpse of the back drop to key historical events and a new exhibit highlights several from the defining event of the 20th century -- World War Two.
Chess legends Kasparov and Karpov face off again
Chess legends Garry Kasparov and Anatoly Karpov reignite one of the greatest rivalries in the history of chess this week with a re-match of their classic 1984 world championship contest.
Britain sees G20 support for rebalancing world economy
British Prime Minister Gordon Brown said on Tuesday there was substantial support among the Group of 20 nations for creating a new framework to tackle global economic imbalances.
Kraft and Cadbury CEOs brief investors on bid battle
Kraft and Cadbury CEOs are meeting their investors to seek support in a bid battle after the British confectioner asked the UK Takeover Panel to set a time limit to Kraft's 9.8 billion pound ($16 billion) offer.
Wall St gains as commodities, banks rise
U.S. stocks rose on Tuesday as strong commodity prices and a weak dollar before a Federal Reserve meeting gave a boost to Wall Street.
EU court adviser backs Google on Net ads
An adviser to the European Union's top court backed Google in a row with luxury goods maker LVMH over Internet advertising, saying the Web search firm had not infringed trade mark rights.
Mid-Day Minute - Sept 22
Economy Reviving; Obama's Global Climate Push; Banks Fined Over IPO
Microsoft 's stealing Apple store managers and sales staff
As Microsoft gears to roll out its retail stores, similar to that of rival Apple, the company is now also reportedly trying to poach Apple Store employees.
French parliament approves disputed download law
France's disputed Internet piracy law, which will allow authorities to disconnect repeat illegal downloaders, was finally approved in parliament on Tuesday but the opposition immediately announced a fresh court challenge.
Citi, UBS, Deutsche Bank fined over Vonage IPO
A U.S. regulator ordered Citigroup Inc, UBS AG and Deutsche Bank AG to pay up to $845,000 in fines and restitution because of communications breakdowns related to the 2006 initial public offering of Vonage Holdings Corp.
Lowe's FY 2010 view may fall short, shares down
Home improvement retailer Lowe's Cos Inc forecast earnings for its next fiscal year that could fall short of Wall Street expectations, sending its shares down 2.3 percent.
Senate panel takes up healthcare plan
The U.S. Senate Finance Committee opened consideration of its long-delayed healthcare reform bill on Tuesday, with affordability topping the list of concerns for Democrats who control the panel.
US antitrust enforcers to rewrite merger guidelines
U.S. antitrust enforcers plan to hold talks on revamping merger guidelines, they said on Tuesday amid expectations that the Democratic administration will give corporate combinations a tougher review.
Oxford Bio's failed cancer vaccine may help some
A therapeutic cancer vaccine from Oxford BioMedica that failed in a clinical study may still help a subset of patients, researchers said on Tuesday.
Carnival ups 2009 outlook, shares surge
Carnival Corp & Plc , the world's largest cruise operator, lifted its 2009 earnings forecast on Tuesday, citing stronger booking volumes, sending shares up as much as 8.4 percent.
U.S. economy at beginnings of recovery: Geithner
U.S. Treasury Secretary Timothy Geithner on Tuesday said that the U.S. economy appeared to be picking up steam and G20 leaders gathering in Pittsburgh this week would strive to ensure the recovery was balanced.
Sleep apnea drivers often mum to authorities
While UK drivers with sleep apnea are required to inform the Driver Vehicle and Licensing Agency (DVLA) of their diagnosis, they often fail to do so, according to research released at the 2009
WellPoint weighing job cuts amid economic downturn
Health insurer WellPoint Inc is weighing job cuts as it grapples with enrollment declines stemming from the weak U.S. economy.
Carnival posts lower Q3 profit, ups year outlook
Carnival Corp & PLC , the world's largest cruise operator, reported a lower quarterly profit on Tuesday, but raised its full-year earnings forecast as booking volumes strengthened.
US STOCKS-Wall St edges up as commodities rise
U.S. stocks rose slightly on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.