In company news, Qatar, Xstrata's second largest shareholder, made a surprise demand for a 16 percent increase in the merger ratio on Glencore's $30 billion takeover of the miner on Tuesday.
Glencore only has until Thursday to sweeten the deal or be forced to delay shareholder meetings scheduled for mid-July and will not be able to push the deal through on current terms, sources told Reuters.
One of the major issues has been what shareholders see as extremely generous benefit packages for senior executives including Xstrata chief executive Mick Davis.
Rupert Murdoch's News Corp confirmed reports in Tuesday’s Wall Street Journal, which the media mogul owns, that it was considering splitting its publishing and entertainment operations in two.
But an uncertain management structure for the two proposed companies raised new questions about a succession plan at the family-controlled media empire.
No final decision has been made yet but one could be announced as early as Thursday sources told CNBC.
Google is expected this week to show off a tablet running its newest mobile software and a service for companies to rent computer servers to store data, according to media reports.Page 2 of 3 | Prev Page | Next Page