SYDNEY (Reuters) - BHP Billiton has brought in more banks to help it find the $70 billion it needs to fund its planned takeover of Rio Tinto , Britain's Sunday Times newspaper reported.
SYDNEY (Reuters) - Lachlan Murdoch, son of media tycoon Rupert Murdoch, and Australian gaming magnate James Packer launched a joint A$3.3 billion ($2.9 billion) offer on Monday to buy out the Packer-backed publishing company Consolidated Media Holdings .
LOS ANGELES (Reuters) - The editor of the Los Angeles Times, James O'Shea, has been fired over a budgetary dispute only 14 months after he took over the post, the newspaper said on Sunday.
LONDON (Reuters) - Britain set a two-week deadline for a private-sector rescue of Northern Rock on Monday as it confirmed plans to convert its billions of pounds of loans to the stricken bank into bonds in a bid to smooth a deal.
SYDNEY (Reuters) - Oil rose on Monday, nearing $91 a barrel, with prices supported by the closure of Mexico's oil export terminals due to bad weather, as well as OPEC's dismissal of calls to raise output.
LONDON (Reuters) - World stocks fell sharply on Monday, battered by fears of U.S. recession and investor disappointment about a fiscal rescue plan promoted by the U.S. administration.
NEW YORK (Reuters) - The stock of International Business Machines , which continues to make sales gains in emerging markets and among smaller U.S. companies, looks cheap, Barron's said on Sunday.
BOSTON (Reuters) - As China's aviation industry takes off, General Electric Co's orders for jet engines in that country have hit the $5 billion mark, the second-largest U.S. company by market capitalization said on Sunday.
TOKYO (Reuters) - Gold edged lower on Monday after President George W. Bush's plan to give the U.S. economy temporary tax cuts and other measures totaling about $150 billion failed to inspire buying.
TRAFFORD, Pennsylvania (Reuters) - Only half the machines are running at precision parts maker Hamill Manufacturing, nestled in the Allegheny Mountains just east of Pittsburgh, once the booming center of the U.S. steel industry.
