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03 Nov 2009 17:22
, Nov 03 20:07, Nov 04 01:07, Nov 04 10:07GM Decides to Keep Opel Rather Than Sell European Unit to Magna, Sberbank General Motors Co.’s board voted to keep its Opel unit rather than sell a majority stake to Magna International Inc. and partner OAO Sberbank, citing an improving economy and the brand’s strategic importance.
Buffett to Acquire Burlington Northern for $26 Billion in His Biggest Deal Warren Buffett’s Berkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in what he described as an “all-in wager on the economic future of the United States.”
Gold Surges to Record as Treasuries Decline; U.S. Stocks, Dollar Advance Gold climbed to a record, most U.S. stocks rose and the dollar rallied to the strongest level against the euro in a month. Treasuries fell before the Federal Reserve issues its policy statement tomorrow.
Morgan Stanley Said to Seek Bids for Joint-Venture Stake in China's CICC Morgan Stanley, the U.S. bank that last month posted its first profit in a year, is soliciting bids for its 34.3 percent stake in a joint-venture investment bank it formed in China in 1995, said three people familiar with the situation.
RBA's Stevens Tones Down Australia Rate Rhetoric as Currency Nears Parity Australia’s central bank Governor Glenn Stevens signaled a surge in the nation’s currency to near parity with the U.S. dollar has given him scope to slow the pace of future interest-rate increases.
IMF Chief Strauss-Kahn Says Chinese Yuan Is `Undervalued,' Will Appreciate International Monetary Fund Managing Director Dominique Strauss-Kahn said he anticipates China will address its “undervalued” currency, recognizing the nation’s role in the global economy.
Clinton Detours to Cairo to Calm Arab Concerns, Press for Mideast Peace Secretary of State Hillary Clinton will seek to give a push to the Middle East peace process and allay Arab concerns about the U.S. role in talks today with Egyptian President Hosni Mubarak.
Pakistan's Army Captures Taliban Stronghold in South Waziristan Offensive Pakistan’s army said it captured a Taliban stronghold at Sararogha in South Waziristan as troops try to complete an offensive to clear fighters from the region before winter starts next month.
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