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PHILADELPHIA (Reuters) – Kraft Foods (KFT.N) may raise its offer for Cadbury Plc (CBRY.L) or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.
"The Kraft team is figuring out the next move," the source said.
Kraft made a $16.8 billion hostile offer to […]

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WASHINGTON (Reuters) – The Obama administration's pay czar said on Thursday his compensation rulings will allow General Motors Co and Chrysler Group to retain talent but is willing to consider "lateral" offers to hire new executives.
Kenneth Feinberg, the U.S. Treasury's special master for executive pay at seven companies with massive taxpayer bailouts, told a […]

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Jeffry M. Picower, a longtime investor in Bernard L. Madoff’s fraud scheme who died in his Palm Beach swimming pool last month, left an estate with assets far in excess of $1 billion — and that could be a spot of good news for Mr. Madoff’s victims.
Although Mr. Picower’s will, which is expected to be […]

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Filed at 9:36 a.m. ET
NEW YORK (AP) — The Washington Post Co. reported a 69 percent jump in third-quarter profit Friday as its newspapers trimmed their losses and its cable TV and education divisions held steady.
The company, which owns Newsweek magazine, Kaplan education services and television properties along with The Washington Post newspaper, earned $17.1 […]

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Norway on Wednesday became the first European country to raise interest rates since the onset of the financial crisis, citing a nascent rebound in the global economy and inflationary pressures in its petroleum-exporting economy.
Inflation has been higher than expected and unemployment is “considerably lower than previously projected,” the Norges Bank governor, Svein Gjedrem, said […]

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NEW YORK (Reuters) – U.S. stocks fell on Friday, with the Dow slipping below the 10,000 mark as industrial companies' weak results overshadowed robust earnings from tech heavy-weights.
The energy and materials sectors suffered as a stronger U.S. dollar hit commodity prices, while an analyst's comments on a major railroad stock hurt the transportation sector.
[…]

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SAN FRANCISCO – In an Oct. 14 story about Clorox Co.’s executive compensation, The Associated Press reported erroneously that CEO Don Knauss received more than $1 million under the company’s mortgage subsidy program over three fiscal years. The amount was slightly less than $1 million and reflected total relocation-related benefits, which included the mortgage subsidy […]

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HONG KONG (Reuters) – The dollar edged further away from 14-month lows on Monday as investors trimmed bets against the beleaguered U.S. currency, while South Korean stocks dragged down other Asian markets on worries third-quarter earnings may not live up to expectations.
Activity was limited due to a holiday in Japan and with most U.S. […]

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SYDNEY (Reuters) – Gold received a lukewarm reception a day after racing to a record high, with consumers in Asia more likely to be cashing in than panic buying.
Profit taking — read selling — replaced gold purchases that in New York and across Europe on Tuesday had swept spot bullion through the March 2008 […]

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Stocks posted modest losses Friday after a disappointing monthly jobs report renewed concerns that a recovery in the troubled labor market might be a long way off.
The Dow Jones industrial average fell for a fourth day, losing 22 points a day after tumbling 203 points on Thursday.
The latest weak economic report came from the Labor […]

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LONDON (AFP) – Tidjane Thiam began his role as head of insurance group Prudential on Thursday, becoming the first black chief executive of a company listed on London's benchmark FTSE 100 index.
Frenchman Thiam, who was handed the job in March, replaced Mark Tucker. Born in the Ivory Coast, but with French nationality, Thiam was […]

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European leaders are set to endorse a call for more government control over bankers’ pay ahead of the Group of 20 summit meeting next week in Pittsburgh.
In a statement expected to be adopted at a European Union meeting in Brussels on Thursday evening, the leaders called on G-20 members to stand by commitments made […]

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FRANKFURT (Reuters) – Workers at Opel, German politicians and customers of Canada's Magna expressed concern on Friday about whether General Motors' decision to sell a majority of Opel to Magna and Russia's Sberbank will turn out to be a favorable deal.
Many of their questions about state aid and possible plant closures remained unanswered, however, […]

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LONDON — The Bank of England decided Thursday to leave its benchmark interest rate at a record low of 0.5 percent, amid signs that the country’s economy is recovering more slowly than in many other parts of Europe.
The central bank also left its £175 billion, or $290 billion, program of buying bonds intact, following an […]

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THE HAGUE (AP) — Dutch banks unveiled a new code of conduct Wednesday that includes capping executive bonuses and measures to ensure bonus payments do not encourage bankers to take unnecessary risks.
The new code, which has been agreed by all major Dutch banks, limits bonuses for executive board members to 100 percent of their annual […]

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MOSCOW — Russia is surpassing Saudi Arabia in oil exports for the first time since the Soviet Union’s collapse as Prime Minister Vladimir V. Putin exploits OPEC production cuts to gain market share.
Exports of crude oil and refined products from Russia rose to 7.4 million barrels a day in the second quarter, from 7.25 million […]

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TAIPEI (Reuters) – Chinatrust Financial (2891.TW) said on Monday it was planning to raise more cash on top of a $1.34 billion private placement announced on Friday, but declined to comment on reports it had outbid rivals for AIG's (AIG.N) Taiwan unit.
A source with direct knowledge of the deal told Reuters on Saturday that […]

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PARIS — A feud between public broadcasters in Europe and their private-sector rivals is getting nastier.
The European Commission said last week that it was investigating hundreds of millions of euros worth of state aid to the French public broadcaster, France Télévisions.
The move follows complaints from commercial TV companies about a new tax to help […]

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WASHINGTON (Reuters) – Major exchanges differed on how far U.S. securities and futures regulators should align their rules, with the world's largest - the Chicago Mercantile Exchange - arguing against a one-size-fits-all rule.
The Commodity Futures Trading Commission and the Securities and Exchange Commission were holding an unprecedented joint meeting on Wednesday in an effort […]

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Filed at 9:24 p.m. ET
TOKYO (AP) — Japan’s factory output rose for the fifth straight month in July as manufacturers gained confidence in the country’s nascent recovery.
Industrial production in the world’s second largest economy climbed 1.9 percent from the previous month and “continues to show an upward movement,” the Ministry of Economy, Trade and […]

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