Oil rises for 3rd session near $137 on supply worries

June 23, 2008 on 11:21 pm | In Business News | No Comments

TOKYO (Reuters) - Oil rose for a third straight session to around $137 a barrel on Tuesday amid fears of Nigerian …

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Oil rises for 3rd session near $137 on supply worries

Nokia seen raising stake in Symbian

June 23, 2008 on 10:49 pm | In Business News | No Comments

NEW YORK (Reuters) - Finnish mobile phone maker Nokia Corp is set to boost its stake in UK-based Symbian Ltd, a provider of software for advanced mobile phones, to more than 50 percent, the Wall Street Journal reported on Monday.

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Nokia seen raising stake in Symbian

BG makes hostile Origin bid

June 23, 2008 on 10:40 pm | In Business News | No Comments

PERTH (Reuters) - Gas producer BG Group went hostile on Tuesday, putting a A$13.8 billion (6.7 billion pounds) bid for Australia’s Origin Energy direct to Origin shareholders, as it …

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BG makes hostile Origin bid

Rio Tinto spins iron ore deal into bid defence

June 23, 2008 on 10:35 pm | In Business News | No Comments

SYDNEY (Reuters) - Shares in global miner Rio Tinto gained over 1 percent on Tuesday after it won a huge price rise for iron ore shipped to China, giving it a chance to trumpet its defence against a $163 billion (83 billion pounds) takeover bid.

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Rio Tinto spins iron ore deal into bid defence

BG goes hostile with Origin bid

June 23, 2008 on 9:24 pm | In Business News | No Comments

PERTH (Reuters) - Gas producer BG Group went hostile on Tuesday with its A$13.8 billion (6.7 billion pounds) bid for Australia’s Origin Energy, launching the offer direct to Origin shareholders. BG’s all-cash bid, which values …

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BG goes hostile with Origin bid

Diageo plans new rum production facility

June 23, 2008 on 8:30 pm | In Business News | No Comments

NEW YORK (Reuters) - Diageo , the world’s biggest alcoholic drinks group, said on Monday that it will build a distillery in the U.S. Virgin Islands that will supply the rum used to make its Captain Morgan branded products for the United States.

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Diageo plans new rum production facility

Energy stocks power FTSE to higher close

June 23, 2008 on 7:20 pm | In Business News | No Comments

LONDON (Reuters) - The index of leading shares closed 0.8 percent higher on Monday, recouping some of last week’s losses, as heavyweight energy stocks tracked crude prices higher and defensive drugmakers gained.

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Energy stocks power FTSE to higher close

Carbon Trust launches carbon emission certification

June 23, 2008 on 7:19 pm | In Business News | No Comments

LONDON (Reuters) - Carbon Trust launched a scheme to recognise carbon emission reductions on Tuesday, saying consumers and businesses both benefit from clear information on steps taken to tackle climate change.

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Carbon Trust launches carbon emission certification

Ireland set for recession this year

June 23, 2008 on 7:08 pm | In Business News | No Comments

DUBLIN (Reuters) - Ireland will this year see its first recession since 1983, but recovery will be faster than when the economy shrank then, a government-funded research body said on Tuesday.

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Ireland set for recession this year

Resolution plans bank consolidation, led by B&B

June 23, 2008 on 5:42 pm | In Business News | No Comments

LONDON (Reuters) - Restructuring specialist Resolution plans to consolidate some of Britain’s smaller banks and has been invited by investors in Bradford & Bingley Plc to consider using it to spearhead the plan, Resolution said on Monday.

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Resolution plans bank consolidation, led by B&B

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