Business News

Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company's chairman Roger Carr told the Sunday Telegraph.

German Finance Minister Wolfgang Schaeuble pressed General Motors on Sunday to shed light on its plans for Opel and said the U.S. group had a responsibility for workers at its European unit.

India's No. 6 mobile services provider Tata Teleservices on Sunday extended its per-second billing scheme to roaming calls as well, as the tariff war in the world's fastest-growing wireless market heats up.

India's No. 6 mobile services provider Tata Teleservices on Sunday extended its per-second billing scheme to roaming calls as well, as the tariff war in the world's fastest-growing wireless market heats up.

Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.

The head of state-owned conglomerate Russian Technologies said on Saturday French car maker Renault might raise its 25 pct stake in troubled Russian partner Avtovaz in future, but won't do so for now.

Poland will sign an accord shortly under the global Kyoto Protocol to sell surplus carbon emission permits worth 15 million euros to Ireland, Environment Minister Maciej Nowicki said on Saturday.

After months of political haggling the Australian government will unveil its revised carbon trading laws this week, with a vote expected by the year's final day of parliament on Thursday.

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 firms in the world, two sources with direct knowledge of the deal said.

A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors said this week.

Indian energy giant Reliance Industries has made a non-binding cash offer to buy a controlling interest in bankrupt petrochemicals company LyondellBasell Industries, LyondellBasell said on Saturday.

After months of political haggling the Australian government will unveil its revised carbon trading laws this week, with a vote expected by year's final day of parliament on Thursday.

President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.

NEW DELHI (Reuters) -India, the world's second biggest rice grower, plans to sell the grain in local markets from reserves to douse fears of shortage caused by the worst monsoon in three decades, Farm Minister Sharad Pawar said on Saturday.

Royal Dutch Shell is in talks to buy 10 percent of India's Essar Oil as part of a deal where it would sell three European refineries to the Indian firm, the Economic Times reported on Saturday, citing people with knowledge of the plans.

News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood's Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday.

General Electric and Vivendi are moving closer to a deal on NBC Universal, with Vivendi agreeing to accept payment for just one-third of its stake until a related deal with Comcast closes, according to a source

U.S. chocolate maker Hershey is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.

Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for 2009 showed on Friday.