NEW YORK (Reuters) - Wall Street was set to open higher on Monday on renewed risk-taking sentiment after the Group of 20 pledged to maintain economic stimulus in place until a recovery was reassured.
LONDON (Reuters) - Kraft Foods turned hostile in its bid for Cadbury on Monday, making a formal but unchanged takeover offer which now triggers a bid battle for the British confectioner which could last up to three months.
NEW YORK (Reuters) - General Electric Co. and Comcast Corp have agreed on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar with the matter said on Sunday.
CHICAGO (Reuters) - McDonald's Corp said sales at U.S. restaurants open at least 13 months fell 0.1 percent in October, as the company's Dollar Menu items, McCafe coffee drinks and new Angus burgers were not enough to drive cash-strapped diners to spend more.
NEW YORK (Reuters) - U.S. retailers are poised to defy gloom this week as earnings expectations have improved, but the big test will be what they say about holiday shopping.
FRANKFURT (Reuters) - General Motors Chief Executive Fritz Henderson was due in Germany on Monday to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own.
SYDNEY/HONG KONG (Reuters) - French insurer AXA sought full control of its majority-owned Asian arm to get a tighter grip on the region's booming markets, and stuck with plans to grow in China in spite of regulatory obstacles there.
NEW YORK (Reuters) - Advanta Corp , a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers.
BEIJING (Reuters) - Morgan Stanley is looking to sell its 34 percent stake in investment bank China International Capital Corp, the U.S. bank's China chief executive said on Monday.
LONDON (Reuters) - Oil rose more than $1 toward $79 a barrel on Monday after Hurricane Ida forced the shut in of U.S. oil and gas facilities, and on the outcome of Group of 20 talks sent equities up and the dollar down.
