AP - Coffee chain retailer Peet's Coffee & Tea Inc. said Monday it will buy wholesale roaster and distributor Diedrich Coffee Inc. for $213 million in a move to enter the rapidly growing single-cup coffee market.
Reuters - Stanley Works struck a deal to buy rival Black & Decker Corp for $3.46 billion in stock, combining a top hand tool maker and power tool maker to benefit from higher margins and cost savings.
Reuters - U.S. manufacturing activity rose to its highest level in 3-1/2 years last month and pending home sales contracts unexpectedly surged in September, offering hope the budding economic recovery would be sustained.
Reuters - Human Genome Sciences Inc said its experimental lupus drug Benlysta was successful in a late-stage clinical trial, paving the way for approval of the first new treatment for the disease in 50 years.
Reuters - Ford Motor Co surprised Wall Street with a quarterly profit on Monday and raised its 2011 outlook to "solidly profitable," sending its shares up 5.7 percent in premarket trading.
Reuters - U.S. stock index futures rose on Monday, signaling a rebound after the previous session's steep losses, ahead of data expected to show U.S. manufacturing grew for a third consecutive month in October.
AP - European stock markets rose modestly Monday despite earlier big losses in Asia, as solid manufacturing data helped ease concerns that the global economic recovery is faltering.
Reuters - As automakers, parts suppliers and car retailers ready business plans for next year and beyond, the experience of the industry's 2009 crash has made caution the new byword.
Reuters - Comcast Corp and General Electric Co are closer to a deal to give Comcast a 51 percent stake in NBC Universal and a formal announcement may be made in the coming week, the New York Times said, citing people briefed on the talks.
Reuters - The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment this week.
Reuters - Wal-Mart Stores Inc on Monday announced its second round of price cuts on toys as the world's biggest retailer backs up its intention to be the "price leader" this holiday shopping season.
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