US Senate unveils healthcare reform Bill

US Senate Democratic leader Harry Reid released a long-awaited healthcare reform plan on Wednesday that budget analysts said would extend coverage to tens of millions of the uninsured and reduce the deficit over 10 years.

JPMorgan buys rest of Cazenove for £1 bn

JPMorgan Chase & Co, the second- largest US bank, agreed to buy the half of Cazenove it didn’t already own for £1 billion, sealing the takeover of a 190-year-old British brokerage whose clients include the Queen of England.

OECD doubles growth forecast for 2010; Asia to power recovery

The Organisation for Economic Cooperation and Development doubled its growth forecast for the leading developed economies next year and predicted a further acceleration in 2011 as China and other emerging countries power a global recovery.

China tells MS to halt sales of select Windows versions

Microsoft Corp has been ordered by a Chinese court to stop selling versions of its Windows operating systems that include fonts designed by a local company, citing a violation of licensing agreements.

GM narrows search for new finance chief to two outsiders

General Motors Co narrowed the field to replace chief financial officer Ray Young to two executives from outside the auto industry and may make a choice by year’s end, two people close to the matter said.

Hershey, Ferrero in talks for white knight bid for Cadbury

Chocolate makers Hershey Co and Ferrero SpA are considering a joint bid for Cadbury Plc that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc.

Japan deflation concern rises even as growth quickens

The acceleration of Japan’s economy to the fastest growth pace in more than two years masked a slide in prices of goods and services that threatens to temper the nation’s recovery.

GMAC chief quits, former Citigroup executive steps in

GMAC chief executive Al de Molina has resigned, and will be replaced by Michael Carpenter, the troubled lender said on Monday.

Fed to keep easy money policy extended for longer

Federal Reserve chairman Ben S Bernanke’s diagnosis of a weak US economy and labour market signalled that the central bank’s extended period of low borrowing costs may get even longer.

UK inflation beats forecast, up 1.5% on high fuel prices

The UK inflation rate rose more than economists forecast in October, climbing for the first time in eight months as fuel costs and air fares climbed.

Cisco raises Tandberg bid

US network equipment maker Cisco has raised its bid for Norwegian video conferencing equipment maker Tandberg, backed by holders of more than 40% of its shares, few of whom had warmed to its previous bid.

Hitachi to raise $4.6 bn to cut debt; shares dip 8.5%

Mired with losses, Japan’s biggest electronics group by sales, Hitachi Ltd, is raising up to $4.6 billion to cut debt as it seeks to turnaround its sprawling businesses and also invest in new growth drivers.

US-China trade critical to economic prosperity of both nations: Obama

President Barack Obama said a deeper relationship between the US and China is critical to the economic prosperity of both countries and essential to confronting global issues such as climate change.

Japan GDP up 1.2% in Q3; $30-bn stimulus likely

Japan’s government inched toward agreeing new stimulus measures that could be worth $30 billion on Monday as economic growth is likely to slow next year due to sluggish personal spending and rising inventories.

Sales, production rebound in US: study

Retail sales probably rebounded in October, production climbed and work began on more houses, allaying concern the US expansion will unravel without the government’s help.....

China-US spar over currencies ahead of Obama visit

The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.

Citi to sell stake in Bellsystem24 to Bain Capital

Financial services major Citigroup on Sunday said it will sell its entire stake in Japanese telemarketing entity Bellsystem24 to US-based private equity firm Bain Capital for around $1 billion.

Rolls-Royce wins $2-billion Air China, Ethiopian deals

Rolls-Royce Plc, the world’s second-largest maker of aircraft engines, won orders worth almost $2 billion from Air China Ltd and Ethiopian Airlines as it benefits from deliveries and demand for larger planes.

Apec maintain stimulus until ‘durable’ recovery

Asia-Pacific leaders said the economic recovery isn’t on a “solid footing” yet, pledging to maintain stimulus measures until there is “durable” growth.

Wall St faces ‘live ammo’ amidst unravelling of banks

Seven Wall Street lobbyists trooped to Capitol Hill on November 9, hoping to convince representative Paul Kanjorski’s staff that his plan to dismantle large financial firms was a bad idea.

BA, Iberia shares soar on merger talks; no decision yet

A merger between British Airways and Spain’s Iberia is unlikely to be finalised this week, an industry source said on Thursday, after Britain’s Sky News reported that a deal was set to be announced.

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