General Motors Co's South Korean unit plans, to recall some 60,000 of the Chevy Cruze small car and the Captiva sports utility vehicle in South Korea. GM Daewoo Auto & Technology will recollect 45,957 of the Captiva, which is sold as the Winstorm in South Korea, due to defects with the steering system.

Apple seems to be on a lawsuit slapping spree. First Nokia and then HTC, seems like everyone infringed one patent of the iPhone or another. First couple of times we did take Apple seriously, being the giant that it is, and also because we all love the iPhone, but now it seems to be turning really absurd and weird.

According to the latest news, Cadbury is being acquired by the American food major, Kraft Foods. Nearly 71.73% of Cadbury shareholders are interested in this offer. After the acquisition materialises, it would result in one of the largest food companies in the world.

Looking forward to its expansion in the growing potato chip market, Diamond Foods Inc. has agreed to acquire Kettle Foods for $615 million.

Flash memory card makers SanDisk Corp., and Seagate have started shipping their largest ever storage SD cards and SATA drives respectively.

In a Monday confirmation, retail giant Wal-Mart said that it is buying the online movie service ‘Vudu’; and added that the deal – the financial terms of which remain undisclosed - is likely to materialize in the coming weeks.

Federal Signal Corporation, a leader in environmental, safety and transportation solutions, today revealed that it has amended its definitive agreement with Sirit Inc., a global provider of radio frequency identification technology.

As was confirmed by both the parties involved on Friday, Germany's E. ON Ruhrgas, which is one of Europe's biggest and top-ranked gas buyers from Russia, has officially completed talks on more flexible and easy gas purchasing contracts with Gazprom, the state export company.

Regarding the issue of deal between Yahoo and Microsoft to pose a challenge for the market heading Google, the unconditional approval by U. S. Department of Justice is being awaited. This information comes as a source reveals to the New York Post about the deal. The approval to the search agreement is expected to bless Microsoft and Yahoo within 20-30 days.

Warner Brothers has taken a significant step forward in its efforts to protect the sale of its DVDs at a time when the home entertainment format is steadily declining, after agreeing upon a deal with Redbox, the DVD kiosk operator that rents out discs at the price for $1 for a day.