Reuters: Business News

Asia stocks, currencies rise on risk appetite

Tue, 10 Nov 2009 00:18:57 -0500

HONG KONG (Reuters) - Asian stocks rose on Tuesday after U.S. equities hit a 13-month high, while central banks intervened to curb Asian currencies as funds flowed into riskier assets on expectations economic stimulus measures will continue.

Dow hits 2009 high

Mon, 09 Nov 2009 22:54:28 -0500

NEW YORK (Reuters) - A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk.

Stronger U.S. GDP seen in 2010: survey

Tue, 10 Nov 2009 00:24:57 -0500

WASHINGTON (Reuters) - Top forecasters are growing more confident the U.S. economy has embarked on a sustainable recovery, a survey released on Tuesday showed.

Kraft turns hostile in $16 billion bid for Cadbury

Mon, 09 Nov 2009 18:43:38 -0500

LONDON/CHICAGO (Reuters) - Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16.2 billion offer for candy maker Cadbury Plc and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up to three months.

Google buys mobile ad firm for $750 million

Mon, 09 Nov 2009 20:07:32 -0500

SAN FRANCISCO (Reuters) - Google Inc said on Monday that it was acquiring of AdMob, one of the largest mobile advertising networks, for $750 million, widening its bet that cell phone advertising could become the Internet's next-big money maker.

"Fertilizer wars" throw spotlight on three CEOs

Mon, 09 Nov 2009 15:21:12 -0500

NEW YORK/TORONTO (Reuters) - Mike Wilson, Steve Wilson and Mike Bennett are patient men.

Yahoo aims to boost margins

Tue, 10 Nov 2009 02:02:38 -0500

SINGAPORE (Reuters) - Yahoo Inc wants to triple its operating margin to 15-20 percent over the next three years by increasing revenue and keeping costs under control, CEO Carol Bartz said on Tuesday.

European Commission objects to Sun-Oracle deal

Mon, 09 Nov 2009 21:52:24 -0500

NEW YORK/WASHINGTON (Reuters) - The European Commission has objected to Oracle Corp's acquisition of computer maker Sun Microsystems Inc, throwing the $7 billion deal into question.

Eager fans greet "Call of Duty" video game launch

Tue, 10 Nov 2009 02:10:49 -0500

SAN FRANCISCO/NEW YORK (Reuters) - Activision Blizzard Inc's hugely anticipated "Call of Duty: Modern Warfare 2" video game went on sale early Tuesday morning, welcomed by eager fans who lined up hours in advance of the release.

Oil below $79 as storm fears abate, stocks seen up

Tue, 10 Nov 2009 01:44:27 -0500

SINGAPORE (Reuters) - Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.