UNITED STATES

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 16 percent.

Bank of America Corp said on Monday it does not have plans to raise $10 billion in common equity, as the Financial Times had reported.

Private U.S. company Tang Energy Group said on Friday a Chinese company has agreed to provide $300 million in financing for its wind power projects.

Bank of America Corp said on Monday it does not have plans to raise $10 billion in common equity, as the Financial Times had reported.

SolarWorld, Germany's third-largest solar company by revenue, confirmed its 2009 sales outlook after first-quarter net profit rose more than a quarter as the company offset falling module prices by cutting costs. Chief Executive Frank Asbeck told Reuters on Monday that the company still expects to post 2009 sales of more than 1 billion euros ($1.33 billion), while full-year profit would depend on how prices develop in the battered industry.

Citigroup Inc is looking to raise any additional capital it might need from private investors, rather than giving more control to the government, Bloomberg reported on Monday, citing people briefed on the matter.

U.S. energy companies rushing to exploit Pennsylvania's massive natural gas reserves have launched a public relations campaign to calm fears the bonanza is contaminating water with toxic chemicals.

Conventional wisdom says the United States has to bring concrete commitment to international climate talks in Copenhagen in December or no other country will act.

Wall Street was set for a modestly higher open on Monday as investors were hopeful banks will be able to raise any capital they may need as a result of findings in the government stress tests, but jitters over the health of the sector persisted.

Sprint Nextel Corp posted better-than-expected results on cost cuts even as more postpaid customers defected to rival services than Wall Street had expected and business customers canceled services due to the recession.

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.

The body in charge of assigning Internet addresses such as .com and .net should be shorn of its U.S. government links from October and made fully independent, the European Union's information society chief said on Monday.

Stock futures pointed to a higher open on Monday as investors were hopeful banks will be able to raise any capital they may need as a result of findings in the government stress tests.

The World Health Organization reported on Monday that 985 cases of influenza A (H1N1) have been reported across twenty countries.

Stock index futures pointed to a higher open on Wall Street on Monday ahead of key housing data.

The global downturn could lead to unrest, more poverty and environmental challenges in Asia, regional leaders were warned on Monday, after they agreed on a $120 billion emergency fund to counter the crisis.

Teens sending nude or suggestive photos of themselves over their mobile phones are being warned -- sexting can damage your future.

American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company, the Wall Street Journal reported, citing people familiar with the matter.

American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company, the Wall Street Journal reported, citing people familiar with the matter.

Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and a further jump in Taiwanese shares on hopes for an influx of Chinese investment.

Talks between The Boston Globe and its unions to prevent the U.S. newspaper from shutting down stopped early Monday morning after a midnight deadline passed, and it was unclear when they would resume.