U..S. stock index futures were mixed Tuesday after Monday's gains which gave the U.S. stock market a positive start towards continuing a historical trend.
The US carmaker will present labor leaders at European arm Opel a reorganization plan that envisions cutting nearly a fifth of the workforce, GM's acting European head said.
The 13.5 billion pound ($22.3 billion) rights issue was priced at 37p per share, on the basis of 1.34 new shares for every existing share, a 59.5 percent discount to Monday's close.
Reliance Industries' offer for LyondellBasell Industries is a serious one and should be closely considered by the bankrupt petrochemicals maker, a lawyer representing unsecured creditors said.
General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said on Monday.
Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.
A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.
Lloyds Banking Group got strong demand for a 9 billion pound ($14.9 billion) bond exchange, an indication of possible appetite for the UK bank's record share issue due to price on Tuesday.
Microsoft Corp has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google , a source familiar with the matter said on Sunday.
Speculation about a bid battle for Cadbury among Kraft Foods and other rivals lifted shares in the British confectioner to a new high on Monday but analysts doubt whether a competing bid will emerge.
India's Reliance Industries is offering about $12 billion to buy a controlling interest in bankrupt chemical company LyondellBasell Industries to create one of the largest petrochemical firm in the world, two sources with direct knowledge of the deal said.
U.S. chocolate maker Hersheyis considering launching a bid of at least $17 billion for British chocolatier Cadbury as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
A week's worth of economic reports has been crunched into just three days this week, and Wednesday has its share of significant data, which include jobless claims, durable goods and consumer sentiment.... Read More