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GM to stick to Opel cuts plan

General Motors Co <GM.UL> will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted as saying on Sunday.

Magna's Wolf says Opel needs more independence - report

European carmaker Opel needs to be able to operate with more freedom from its U.S. parent General Motors <GM.UL>, a top executive at spurned suitor Magna <MGa.TO> said in a newspaper interview on Sunday.

UK joins G20 push for world levy on banks

ST ANDREWS, Scotland (Reuters) - Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts but failed to make much progress on securing a G20 deal to meet the cost of climate change.

Stimulus, not tax needed: Geithner

ST ANDREWS, Scotland (Reuters) - U.S. Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behaviour.

UK and Australia seek UBS data

Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday.

Kraft in waiting game for Cadbury

Kraft Foods <KFT.N> is persisting in its waiting game as a deadline for its acquisition of confectioner Cadbury <CBRY.L> nears, and many see a formal bid coming in close to its tight first offer.

Berkshire Hathaway's net income triples

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc <BRKa.N> <BRKb.N> on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.

U.S. jobless rate at 26 year record

The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.

RBS cuts losses, bank profits slump

Losses at part-nationalised Royal Bank of Scotland more than halved in the third quarter with a sharp reduction in bad debt writeoffs, despite a slump in profits at its beleaguered investment bank.