IBT Staff Reporter

Software maker SAP AG admitted a subsidiary had carried out inappropriate downloads of documents belonging to archrival Oracle Corp but said on Tuesday SAP itself had not had access to that material.

Jul 03, 2007

U.S. buyout firm Cerberus Capital Management won approval from the European Commission on Tuesday to buy U.S. carmaker Chrysler from DaimlerChrysler.

Jul 03, 2007

United Capital Markets Holdings Inc. has stopped honoring refunds to investors in some of the firm's Horizon Strategy group hedge funds that invested in subprime-mortgage bonds, Bloomberg reported on its Web site on Tuesday.

Jul 03, 2007

Carlyle Capital Corporation Ltd. (CCC) confirmed on Tuesday it had cut the price and the number of shares in its initial public offering (IPO), a move it has put down to headwinds in the market.

Jul 03, 2007

Most companies in China, the United States, Canada and Britain have not laid out plans to improve their energy efficiency, despite growing concerns about global warming, a survey showed on Tuesday.

Jul 03, 2007

Internet media company Yahoo Inc. will offer its marketing clients tools to create more personalized advertisements to Web users as it strives to build its share of graphical display advertising.

Jul 03, 2007

Sport utilities showed modest improvement in rear-crash protection according to a U.S. insurance industry analysis released on Tuesday, but more than half the 87 light trucks tested fell short of optimum safety and pickups fared the worst.

Jul 03, 2007

Stocks rallied on Monday, the first day of the third quarter, boosted by a fresh round of takeover activity and data showing a pickup in manufacturing in June.

Jul 02, 2007

Stocks traded higher on Monday, supported by takeover news and data showing manufacturing growth accelerated last month, while bond prices gained in a flight-to-safety bid as police investigated attempted car bomb attacks in Britain.

Jul 02, 2007

The dollar tumbled to a 26-year low against sterling and declined across the board on Monday on continuing expectations that U.S. interest rates will remain steady while borrowing costs rise overseas.

Jul 02, 2007

Laboratory beakers are seldom featured in hotel rooms, but at the Dylan Hotel in New York they are standard bathroom issue.

Jul 02, 2007

Oil prices rose to 10-month highs above $72 on Monday on expectations that recovering refinery operations in the United States and ongoing supply restrictions will cut into global oil inventories.

Jul 02, 2007

Security concerns and a sharp drop in the dollar helped gold hit its highest level in nearly two weeks on Monday, but investors were expected to trade cautiously ahead of the U.S. Independence Day holiday.

Jul 02, 2007

Breathing new life into an old marketing symbol has often helped weakened companies boost sales -- a trend that appliance maker Maytag and retailer Kmart are hoping can happen again.

Jul 02, 2007

Boys who play video games on school days spend 30 percent less time reading and girls spend 34 percent less time doing homework than those who do not play such games, U.S. researchers said on Monday.

Jul 02, 2007

Och-Ziff Capital Management Group LLC, a multi-strategy investment fund with about $26.8 billion under management, filed for an initial public offering on Monday, making it the latest alternative investment firm to seek a public listing.

Jul 02, 2007

U.S. government bonds rose on Monday, sending yields to three-week lows as investors shrugged off robust factory data and instead sought a safe haven after recent attempted car bombings in the UK and an attack in Yemen.

Jul 02, 2007

Discount brokerage Charles Schwab Corp. said on Monday it is undertaking a $3.5 billion capital restructuring program following completion of the sale of U.S. Trust Corp., sending its shares up more than 7 percent.

Jul 02, 2007

Manufacturing growth accelerated in June to its fastest in over a year as the economy picked up momentum, according to a report published on Monday.

Jul 02, 2007

British cable operator Virgin Media said on Monday it had received a bid approach from an unnamed group, which sources familiar with the situation told Reuters was U.S. private equity firm Carlyle Group.

Jul 02, 2007

Casino operator Trump Entertainment Resorts Inc. said on Monday it did not reach a deal with potential acquirers and has ended discussions to sell itself, sending its shares down 18 percent.

Jul 02, 2007

Man Group, the world's largest listed hedge fund group, is set to stage what will likely be the second-largest IPO on a U.S. exchange so far this year when it spins off its U.S. brokerage arm, MF Global, this month.

Jul 02, 2007

Investors sold European stocks and bought government bonds and gold as trading got underway for the second half of 2007 on Monday, driven by security concerns after weekend bomb plots in Britain and higher oil prices.

Jul 02, 2007

Manor Care Inc., the largest U.S. operator of homes for the elderly, said on Monday it agreed to be acquired by Carlyle Group for $4.9 billion, becoming the latest health care provider taken off the public market by a private equity buyer.

Jul 02, 2007

Stock index futures rose on Monday, boosted by takeover news in the telecommunications sector and before a report on manufacturing activity that could give clues on the outlook for profits.

Jul 02, 2007

Bank of America Corp. said on Monday it completed its $3.3 billion purchase of the U.S. Trust business from Charles Schwab Corp., and is defying analyst concern that it would have trouble retaining many of U.S. Trust's ultra-wealthy clients.

Jul 02, 2007

Two government funds in the United Arab Emirates denied on Monday they were looking to acquire either Jaguar or Land Rover, the British luxury car brands of U.S. automaker Ford.

Jul 02, 2007

Reddy Ice Holdings Inc., a maker of packaged ice, said it agreed to be acquired by certain funds managed by hedge fund GSO Capital Partners LP in a deal with a total value of about $1.1 billion.

Jul 02, 2007

After more than 100 years as a niche player in Japan, the world's largest financial firm is expanding its retail operations.

Jul 02, 2007