Queens Magazine

LONDON (Reuters) – 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.

WASHINGTON (Reuters) – Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Monday.

LONDON (Reuters) – Two years of economic and market turmoil mean that investors cannot ignore the chances of even the most extreme events like global depression or a killer pandemic, a leading investment consultancy said on Monday.

BRUSSELS (Reuters) – 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.

NEW YORK (Reuters) – Campbell Soup Co reported a higher-than-expected quarterly profit on Monday, helped by price increases and easing costs for ingredients including grains and tomatoes that offset a drop in sales.

NEW YORK (Reuters) – U.S. stocks rose on Monday, with the S&P on track to break a three-day sell-off, after data showed existing home sales rose to their highest level in 2-1/2 years and investors were reassured by a Fed official’s comments.

LONDON (Reuters) – Gold hit a record high at $1,170.55 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal’s sharp run higher earlier this month.

NEW YORK (Reuters) – The Federal Reserve Bank of Chicago said on Monday its gauge of the national economy fell further into negative territory in October, in a report that suggested the economic recovery could be in trouble.

HELSINKI (Reuters) – - Nokia Oyj’s battered shares could get a boost when the firm looks ahead at next week’s investor day to an expected upturn in handset margins and a more competitive smartphone offering in 2010.

LONDON (Reuters) – The global economy is in a holding pattern and vulnerable to more upheaval, and a lasting recovery will depend on policymakers taking the proper steps in coming months, the head of the IMF said on Monday.