SYDNEY (Reuters) - BHP Billiton Ltd/Plc mapped out its plan on Monday to acquire rival Rio Tinto Ltd/Plc , promising to hand $30 billion to shareholders via a share buyback if the deal goes through and signaling it was ready for a long fight.
OSLO (Reuters) - U.S. NYMEX Holdings Inc has entered into an agreement to buy a 15.1 percent stake in Norwegian sea freight derivatives exchange Imarex .
NEW YORK (Reuters) - The sale of Wendy's International Inc may be in jeopardy because of continued turmoil in the credit markets, potentially forcing the restaurant company to delay a deal, the New York Times reported, citing sources close to the situation.
LONDON (Reuters) - An independent investor group led by the former head of British bank Abbey is preparing a proposal for the board of Northern Rock that would avoid a sale or breakup of the battered group, it said on Monday.
LONDON (Reuters) - World stocks hit 8-week lows while the yen surged to 18-month peaks versus the dollar on Monday as fears about credit-related losses at financial firms prompted investors to reduce bets on risky trades.
SYDNEY (Reuters) - Oil fell more than $1 on Monday to below $95 after Saudi Arabia said that OPEC would discuss boosting oil output at an upcoming meeting to cool surging oil prices.
DUBAI (Reuters) - European planemaker Airbus outpaced rival Boeing for deals at the Dubai airshow and hailed a record year for orders as Gulf Arab states sought a bigger share of global aviation.
HONG KONG (Reuters) - The U.S. dollar is sinking fast and investors wanting to stay afloat should clamber into a raft of commodities and benefit from the rising tide of China's economic boom, investment guru Jim Rogers said on Monday.
NEW YORK (Reuters) - Reports are emerging that some defibrillator wires made by St. Jude Medical Inc are in rare instances puncturing holes in the hearts of cardiac patients, the Wall Street Journal reported Monday in its online edition.
CHICAGO (Reuters) - The trust that has a controlling stake in chocolate maker Hershey Co on Sunday forced a sweeping overhaul of the company's board amid dissatisfaction with the company's recent results.
