Ciena wins auction for some Nortel assets: sources - Reuters - 30 minutes ago
Ciena Corp will buy Nortel Networks Corp's optical networking and carrier ethernet business for $769 million after outbidding Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday.

India may get $1 billion in IT outsourcing contracts: report - Reuters - 1 hour, 18 minutes ago
Leading Indian outsourcers such as Tata Consultancy , Infosys and Wipro stand to gain contracts worth about $1 billion in the next one or two years as U.S. banks emerge from the troubled asset relief program, the Economic Times reported on Monday.

Japan leans towards buying F-35 fighter jet: media - Reuters - 1 hour, 55 minutes ago
Japan's defense ministry is moving toward selecting Lockheed Martin Corp's F-35 jet as the mainstay of its next-generation fighter force, Kyodo news agency reported on Monday, citing ministry sources.

Investment firm Chieftain Capital to split: media - Reuters - 2 hours, 27 minutes ago
Chieftain Capital Management, an investment firm with about $3 billion in assets, is breaking up following a rift among its managers, the Wall Street Journal reported on its website on Sunday.

Fed's Bullard: Keep MBS program active longer - Reuters - 2 hours, 31 minutes ago
A senior Federal Reserve official said on Sunday the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.

Kraft weighs higher Cadbury bid as rivals circle: source - Reuters - Sun 8:48 pm ET
Kraft Foods Inc may raise its offer for British chocolatier Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.

Coke to double China bottle plants within decade: report - Reuters - Sun 7:50 pm ET
Coca-Cola , the world's largest soft-drink maker, is planning to more than double its number of bottling plants in China within a decade, the Financial Times said.