AOL founder Steve Case on Monday said he has resigned from the board of Time Warner Inc, ending a storied chapter in the history of the world's largest media company.
Drugmaker Novartis has agreed to buy the remainder of US vaccine maker Chiron Corp that it does not already own for $5.1 billion, or about $600 million more than an original bid rejected as inadequate.
The NASD on Monday said it ordered four firms to pay $7.9 million for charging excessive mark-ups or mark-downs on junk bond trades, and expelled one of the firms from the securities industry.
The NASD on Monday said it ordered four firms to pay $7.9 million for charging excessive mark-ups or mark-downs on junk bond trades, and expelled one of the firms from the securities industry.
US fund managers slightly raised their holdings of bonds and cash from equities in October amid uncertainty about US growth, but still maintained a high exposure to stocks on the back of strong earnings, a Reuters poll shows.
US fund managers slightly raised their holdings of bonds and cash from equities in October amid uncertainty about US growth, but still maintained a high exposure to stocks on the back of strong earnings, a Reuters poll shows.
Investors trimmed stocks in October and generally tucked into safer cash as concerns over slowing economic growth and rising interest rates undermined risk appetite, Reuters polls showed on Monday.
Investors trimmed stocks in October and generally tucked into safer cash as concerns over slowing economic growth and rising interest rates undermined risk appetite, Reuters polls showed on Monday.
Major investment banks are bringing forward their expectations of a euro zone interest rate hike as they increasingly believe a tough-sounding European Central Bank could finally pull the trigger by the year-end.
Samsung Electronics Co Ltd, the world's top maker of flat screens, will start producing liquid crystal display TV panels from its newest production line in April next year, the company said on Monday.
Kellogg Co, the world's largest maker of breakfast cereal, on Monday reported an 11 percent increase in quarterly earnings on strong sales of new products like yogurt-flavored Special K cereal and a lower tax rate.
Kellogg Co, the world's largest maker of breakfast cereal, on Monday reported an 11 percent increase in quarterly earnings on strong sales of new products like yogurt-flavored Special K cereal and a lower tax rate.
Barrick Gold Corp bid $9.2 billion for rival Placer Dome Inc on Monday, a deal that would create one of the world's biggest gold miners with annual output of 8.3 or 8.4 million ounces.
Turkey's trade deficit expanded 26.4 percent to 32.1 billion dollars (27 billion euros) in the third quarter from 25.4 billion dollars in the same period last year, the State Statistics Institute said Monday.
South Africa's trade deficit widened sharply in September after a surge in oil imports, data showed on Monday, further increasing the chances of an early interest rate hike.
Global sales of semiconductors haven risen strongly ahead of the end-of-year shopping season, driven by booming demand for cellphones, computers and electronic gadgets for the living room, a survey said on Monday.
Global sales of semiconductors haven risen strongly ahead of the end-of-year shopping season, driven by booming demand for cellphones, computers and electronic gadgets for the living room, a survey said on Monday.
Japan's Hitachi Ltd posted a 48 percent fall in quarterly profit on Monday, hurt by its loss-making hard-disk-drive operations, and it cut its full-year forecast more than expected, sending its shares lower.
Japan's Hitachi Ltd posted a 48 percent fall in quarterly profit on Monday, hurt by its loss-making hard-disk-drive operations, and it cut its full-year forecast more than expected, sending its shares lower.
The Bank of Japan said Monday that it expects the world's number two economy to break decisively out of deflation by next year as it upgraded its forecasts to show 1.8 percent growth in the year to March 2007.
Spot basis values for hard red winter wheat were mostly unchanged on Monday, with slow country movement, merchants said. Weather remained mild in the Plains with wheat emerging well, and rainfall over the weekend only improved the outlook, grain dealers s
Nippon Steel Corp, the world's third-biggest steel maker, said on Monday its first-half net profit more than doubled due to strong sales of high-quality sheet steel, and raised its already record-high annual earnings outlook.
Nippon Steel Corp, the world's third-biggest steel maker, said on Monday its first-half net profit more than doubled due to strong sales of high-quality sheet steel, and raised its already record-high annual earnings outlook.
London sugar futures fell over two percent on fund sales on Monday after the WTO ordered the EU to limit sugar exports earlier than expected, triggering sell stops, traders said. "It is fund and trade selling," one European futures trader said.
India, the world's leading edible oil importer, on Monday raised base import prices of palm oils but cut the base price of crude soyabean oil which traders said would lead to increased soya oil imports.
Elevators and processors continued to firm corn and soyabean basis bids in the US Midwest on Monday to encourage farmer sales amid weak cash prices, grain dealers said.
A cold front that brought heavy rains to Brazil's main coffee belt will push into the forested regions of Minas Gerais and Espirito Santo, the two main producer states, independent meteorologists Somar predicted Monday.
Cocoa arrivals are rising at ports in Ivory Coast despite political tensions in the world's top grower as President Laurent Gbagbo remains in office beyond the end of his constitutional term, exporters said on Monday.
Taiwan's Evergreen Marine Corp on Monday reported a fall of 19 percent in third-quarter net profit, joining other shippers in dwindling profits as expanding capacity hits freight rates.
Taiwan's Evergreen Marine Corp on Monday reported a fall of 19 percent in third-quarter net profit, joining other shippers in dwindling profits as expanding capacity hits freight rates.
Neptune Orient Lines, the world's sixth-biggest container liner, posted a 6 percent rise in quarterly profit on Monday thanks to continued strong demand for shipping services from Asia to Europe and the US.
Neptune Orient Lines, the world's sixth-biggest container liner, posted a 6 percent rise in quarterly profit on Monday thanks to continued strong demand for shipping services from Asia to Europe and the US.
Egypt's Sugar and Integrated Industries Company (SIIC) is seeking to buy 80,000 tonnes of raw sugar for shipment in January or February on a C&F basis, a buying official from the firm said on Monday. SIIC, Egypt's state-run sugar company, would announce t
Grain exports from the French port of Rouen totalled 261,105 tonnes for October 1-26, comprising 189,941 tonnes of wheat and 71,164 tonnes of barley, port officials said on Monday.
Singapore bunker prices were lower on Monday as bunker premiums eased further to below $7 a tonne, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $304-$306 a tonne, down $5 from the previous day, with the bunker premium - the dif
The Karachi Port handled 178,907 tonnes of cargo including 155,156 tonnes import and 23,751 tonnes export cargo including 603 containers during last 48 hours ending at 0700 hours on Monday.
Coach Bennett King Monday defended his West Indian cricketers against claims by fast bowling great Michael Holding of an attitude problem, just days before the opening Test here with Australia.
Mike Hussey is in line to make his long-awaited Test debut after opener Justin Langer admitted Monday he was losing his fitness battle to play in Thursday's opening Test against the West Indies at the Gabba.
England opener Andrew Strauss is likely to miss the final Test against Pakistan to be with his wife who is expecting their first child, an official said on Monday.
Australian pace spearhead Glenn McGrath is looking to return to normal service against the West Indies after the frustrations of a losing Ashes campaign in England.
Mahendra Dhoni slammed a blistering 183 not out as India scored a superb six-wicket victory over Sri Lanka in the third one-day international at the Sawai Man Singh Stadium here on Monday.
Opener Marcus Trescothick hit a fighting hundred to help England recover from a disastrous start in their warm-up game against the Pakistan Cricket Board (PCB) Patron's XI here on Monday.
Sweden's Carl Pettersson captured his first US PGA Tour title, firing a final-round level par 71 here on Sunday to win the 5.3 million- dollar US PGA Chrysler Championship by one stroke.
Police in north-eastern Iran are launching a new morality drive by confiscating alluring mannequins from boutiques and clothes stalls in the bazaar, authorities in the city of Bojnourd said on Monday.
Politics may be a dirty game but it will get even filthier when cleaners at Britain's Houses of Parliament in London go on a strike announced Monday by union officials.
More than half of Russians think everyone in power is dishonest, a survey showed on Monday, from the president and parliament to government and the courts.
Traditionalist Anglican clerics warned the US and Canadian churches on Monday that their liberal actions over gay rights were tearing apart the 450-year-old church and told them to change their ways urgently.
The Maldives' main opposition party vowed on Monday bring the island chain to a grinding halt with strikes and protests unless President Maumoon Abdul Gayoom starts to make good on political reform pledges.
South Africa moved on Monday to tighten its strict anti-mercenaries laws, proposing legislation that may have far-reaching implications for its citizens working in Iraq.
Security forces used tear gas, water cannons and sticks to disperse taunting opposition supporters in Zanzibar on Monday in a second day of violence over an election on the semi-autonomous Tanzanian islands.
Thai share prices closed flat on Monday as investors traded with caution ahead of a US Federal Reserve meeting amid speculation over another rate hike, dealers said.
Malaysian share prices closed 0.55 percent higher Monday on support for selected blue chips after last Friday's sharp gains on Wall Street, dealers said.
Australian shares rose more than 1 percent on Monday in a broad rally mirroring Wall Street, while power retailer Australian Gas Ltd (AGL) jumped on its A$1.43 billion Southern Hydro buy and plan to split into two listed companies.
Taiwan stocks shot up 2.33 percent on Monday as major LCD makers such as AU and Chi Mie led a rebound from a 14-month low, following gains in US markets and solid quarterly profits.
Hong Kong stocks rebounded more than 1 percent on Monday, ending a month of sharp losses on a high note, after stronger than expected US economic growth data.
South Korean government bond prices closed slightly higher on Monday, but trading was slow as investors weighed up upcoming interest rate-setting meetings at home and in the United States.
South Korean government bond prices closed slightly higher on Monday, but trading was slow as investors weighed up upcoming interest rate-setting meetings at home and in the United States.
China's shares gained over 1 percent on Monday after all five listed lenders, including leader Merchants Bank Co Ltd, rose on the back of better-than-expected quarterly earnings.
Singapore share prices closed 1.11 percent higher on Monday, on a technical rebound supported by Friday's sharp gains on Wall Street after strong US third quarter growth figures, dealers said. The Straits Times Index rose 24.36 points to 2,216.77.
Japanese government bond prices fell on Monday as investors warily watched Tokyo stocks regain ground and an upbeat report by the Bank of Japan (BOJ) on the outlook for the economy.
Japanese government bond prices fell on Monday as investors warily watched Tokyo stocks regain ground and an upbeat report by the Bank of Japan (BOJ) on the outlook for the economy.
South Korean shares posted their first gain in five sessions on Monday, as Hyundai Motor Co and other exporters gained on data showing stronger-than-expected US economic growth in the third quarter.
The Tokyo stock market's broad-based TOPIX index rose 1.75 percent to end at a five-year high on Monday as investors bought Matsushita Electric Industrial Co Ltd and other stocks with strong earnings.
Interbank buy/sell rates for the taka against the dollar on Monday. 65.75 (previous 65.75). Call Money Rates: 5.25-12.00 percent (previous 5.25-12.00 percent).
The rupee eased on Monday to a one-week closing low, side-stepping a rebounding stock market, on robust demand for dollars from oil importing firms, dealers said.
The Swiss franc was trading lower against the dollar in early European trade on Monday as the US currency held gains made on robust US growth data and market players awaited a meeting of the US central bank on Tuesday.
The dollar traded in a narrow range on Monday, keeping gains made on robust US growth data as investors moved cautiously ahead of the Federal Reserve's decision on interest rates.
The Hong Kong dollar maintained a firm foothold against the US dollar on Monday, and most interbank rates edged higher on IPO-related demand for funds and expectation of an interest rate rise later this week.
China's yuan eased against the dollar on Monday after finishing last week at a post-revaluation closing high, taking its cue again from the US currency's strength on international markets.
Polish President Aleksander Kwasniewski on Monday officially named a minority conservative government headed by Kazimierz Marcinkiewicz after the failure of coalition talks with liberals.
US soldiers sexually abused an Australian terror suspect now being held at the Guantanamo Bay military base in Cuba, the man's father alleged in an interview screened Monday.
French Interior Minister Nicolas Sarkozy defended his tough crime policies on Monday after a fourth night of riots in a Paris suburb in which tear gas was fired into a mosque.
Iran is unfazed by the threat of war or sanctions over its disputed nuclear programme and mounting international pressure has only hardened its resolve, a senior official said Monday.
Two US soldiers in Afghanistan have been indicted for abusing detainees, the US military said on Monday, adding that the results of a separate probe into the burning of two dead Taleban bodies could be complete this week.
Some 1,000 demonstrators blocked a railway connecting Turin in northern Italy with the French city of Lyon on Monday, causing transport disruption as they protested against a planned high-speed rail link.
Embattled US President George W. Bush on Monday nominated a conservative appeals court judge, Samuel Alito, to the Supreme Court in a move expected to heal a rift in his Republican party.
Efforts to forge a German bipartisan coalition were disrupted on Monday when the head of the Social Democrats said he would step down as party leader and might not join a new cabinet after suffering an internal revolt.
Prime Minister Junichiro Koizumi appointed Shinzo Abe as Japan's top government spokesman in a cabinet reshuffle on Monday, strengthening the popular Abe's position as a candidate to succeed the prime minister next year.
Israeli Prime Minister Ariel Sharon made future progress in the Middle East peace process conditional on the disarmament of Palestinian militant groups Monday as he vowed to expand Jewish settlements in the occupied West Bank and Golan Heights.
A civilian was killed in a bomb blast probably targeted at a US military convoy in eastern Afghanistan on Monday, while security forces foiled a suicide attack on foreign troops, officials said.
Two big American drug companies have signed agreements to develop a treatment called a microbicide - a gel or a cream that a woman could use to protect herself from AIDS, advocates said on Monday.
Sterling gained around half a percent against the euro on Monday after Spain's Telefonica SA said it would buy British mobile phone firm O2 Plc for 17.7 billion pounds ($31.6 billion).
The dollar firmed against most major currencies on Monday as investors bet this week's Federal Reserve meeting and US economic data would cement the case for more dollar-supportive interest rate rises.
A $32 billion bid from Telefonica for Britain's O2 raised the risk stakes in Europe's credit markets on Monday, pushing the cost of default insurance higher.
A $32 billion bid from Telefonica for Britain's O2 raised the risk stakes in Europe's credit markets on Monday, pushing the cost of default insurance higher.
Bid fever drove UK stocks higher on Monday as mobile phone operator O2, shipping company P&O and glass maker Pilkington all received approaches, sending their shares surging and driving the market to its best one-day gain in 2-1/2 years.
Cotton futures settled easier Monday on speculative sales as the market slumped when it failed at its highs and fiber contracts could slip further due to follow-through sales in the days ahead, brokers said.
Base metals closed firmly on the London Metal Exchange (LME) on Monday, but off earlier peaks in low-key trading on the first day of LME dinner week, dealers said.
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).