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BlackBerry Curve outsells iPhone: research group

Research in Motion Ltd's BlackBerry Curve moved past Apple Inc's iPhone in the first quarter to become the best-selling consumer smartphone in the U.S., research group NPD said on Monday.

CDC says 36 states, 286 cases confirmed new flu in U.S., mostly younger people

The U.S. Centers for Disease Control and Prevention (CDC) said Monday on its website there are 36 states and 286 cases which have been laboratory confirmed hit by the new flu. The H1N1 new flu virus appears to be widespread in the United States and seems to be hitting mostly younger people.

Obama plans to close overseas tax loop holes

The Obama Administration on Monday detailed its plan of raising more than $200 billion over the next 10 years by curbing what it says are corporate loopholes that allow companies investing overseas to gain an unfair advantage over companies that invest in the U.S., mainly by deferring taxes on profits earned overseas.

BlackBerry Curve seen better than iPhone

Research in Motion Ltd's BlackBerry Curve moved past Apple Inc's iPhone in the first quarter to become the best-selling consumer smartphone in the U.S., research group NPD said on Monday.

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Obama seeks to stem overseas tax avoidance

President Barack Obama on Monday proposed removing tax incentives that he says encourage U.S. multinational firms to ship jobs overseas.

Chrysler seeks quick sale to Fiat as lenders object

Chrysler asked the U.S. Bankruptcy Court on Monday for a swift hearing into its planned sale to Italy's Fiat SpA, eliciting immediate objections from some secured lenders.

U.S. banks make final plea as stress tests conclude

The United States' largest banks made their case to regulators on Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise $10 billion.

RIM plans next-gen Storm as it eyes untapped market

Research In Motion is planning a next-generation version of its touchscreen BlackBerry Storm smartphone as part of a continuing push into the retail market, its co-CEO said on Monday.

RIM sees big retail market, plans next-gen Storm

Research In Motion is planning a next-generation version of its touchscreen BlackBerry Storm smartphone as part of a continuing push into the retail market, its co-CEO said on Monday.

EU hearing on Microsoft antitrust case in June

European Union antitrust regulators have set a hearing next month for Microsoft to respond orally to EU charges that it sought to stymie rivals by tying the firm's Web browser to its Windows operating system.

Sales and construction data lift hopes for housing

Pending sales of previously owned homes rose for a second straight month in March, while construction spending edged higher, according to reports on Monday that suggested a moderation in the housing slump.

AIG nears Japan building sale for $1 billion: source

American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said on Monday.

Boston Globe talks on hold, main union says

The Boston Globe and its biggest union suspended talks on Monday over concessions that parent company The New York Times Co is seeking to keep the 137-year-old newspaper open.

Sprint posts strong growth in prepaid subscribers

Sprint Nextel Corp posted a surprise quarterly profit excluding items, thanks to cost cuts and strong growth in a new service where customers pay for calls in advance, sending its shares up 12 percent.

U.S. home sales suggest housing bottom near

Pending sales of previously owned U.S. homes rose in March for a second straight month, while construction spending edged higher, according to reports on Monday that suggested a moderation in the housing slump.

Commercial property sales slump worldwide - report

Global sales of investment grade real estate plunged 73 percent to $47 billion in the first quarter from a year ago, or just one-sixth of the level two years ago, according to real estate research firm Real Capital Analytics on Friday.

Bank stocks leap on stress test optimism

U.S. bank shares rose on Monday after analysts said government stress tests of financial institutions would show most would need less new capital than previously feared.

U.S. construction spending up in March

U.S. construction spending rose in March for the first time in six months, edging up 0.3 percent, according to government data on Monday.

U.S. sanctions will not halt nuclear work: Iran

Iran will not suspend its disputed nuclear program even if the United States imposes sanctions targeting companies that ship fuel to the Islamic Republic, a Foreign Ministry spokesman said Monday.

CDC says few people in U.S. over 50 hit by new flu

The new H1N1 flu virus appears to be fairly widespread in the United States and seems to be hitting mostly younger people, with very few cases reported in people over 50, U.S. health officials said on Sunday.

Oil rises to five-week high near $54

Oil prices rose to a five-week high near $54 a barrel on Monday on hopes an easing of the global economic recession would pave the way for a recovery in world energy demand.

Car industry shake-up looms as Fiat readies Opel bid

A radical overhaul of the car industry moved a step closer on Monday as Fiat's CEO prepared to pitch a bid for Opel to Germany's leaders as part of a planned takeover of General Motors' European assets.

Pakistan battles Taliban

Pakistani forces battled Taliban fighters on Monday as the militants denounced the army and government as U.S. stooges and said a peace pact would end unless the government halted its offensive.

U.S. pending home sales hint at market bottom

Pending sales of existing U.S. homes rose in March for a second straight month, a private survey showed on Monday, supporting views the housing market was close to hitting a bottom.

KKR near deal to buy S. Korean OB for $1.8 billion

U.S. private equity firm Kohlberg Kravis Roberts & Co is finalizing an agreement to buy Anheuser-Busch InBev NV's South Korean brewer Oriental Brewery Co for about $1.8 billion, sources familiar with the situation said.

Mexico breathes easier but flu pandemic likely

Offices and businesses stayed closed in Mexico on Monday to try to prevent the spread of a deadly new strain of flu, and authorities said a sharp drop in new cases showed the battle was being won.

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