TORONTO -- The Toronto stock market headed for a positive start to the trading week as buying sentiment already improved by China's surprise interest rate cut was further lifted by a strong showing in business confidence in Germany.
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LONDON, Nov 24 (Reuters) - Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week.
United Technologies Corp. (UTX), the maker of Black Hawk helicopters and Carrier air conditioners, named Gregory Hayes president and chief executive officer, succeeding Louis Chenevert, who is retiring immediately in a surprise move.
China's move to cut lending rates to stimulate the economy may lack some impact as banks seek to protect profits. Bloomberg News.