IBT Staff Reporter

The S&P 500 and the Nasdaq slipped on Monday as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.

Mexican tycoon Carlos Slim's planned internet television network will be based in the United States and could launch in the third quarter of this year, a spokesman for Slim told Reuters on Monday.

The World Trade Organization has ruled that aircraft manufacturer Boeing received $3 billion to $4 billion in illegal subsidies in the form of federal research grants and local tax breaks, the top trade official said on Monday.

The S&P 500 and Nasdaq fell on Monday as economic data in China and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.

Looking to find new friends or business partners among the hundreds of people you encounter each week? A new app may help.

Pfizer Inc is more likely to spin off its animal health unit than sell it outright, reflecting the expected investor appeal of such a large standalone business, its chief executive said on Monday.

PepsiCo Inc revamped its global structure on Monday in a move that deepens its management bench and could pave the way for an eventual successor to Chief Executive Indra Nooyi.

Exxon Mobil has held talks with state energy company TPAO on exploring for shale gas in Turkey, the head of TPAO said on Monday.

Jeweler Tiffany & Co has filed a $590 million counter-claim against Swatch Group SA , the Swiss watchmaker said on Monday, the latest volley in the companies' feud over a failed deal to sell watches together.

Auto parts supplier Federal-Mogul Corp said on Monday Chief Executive Jose Maria Alapont will retire at the end of this month and the maker of powertrain and safety technology will create an independent aftermarket division.

Stocks were flat on Monday as economic data in China and this week's Federal Open Market Committee announcement gave investors reason to pause after a three-day rally.

Jeweler Tiffany & Co has served Swatch Group SA with a 542 million franc ($590 million) counter-claim in a legal dispute over their former joint venture, the Swiss watchmaker said on Monday.

Stocks were set for a slightly lower open on Monday as economic data in China and this week's Federal Open Market Committee announcement gave investors reason to pause after a three-day rally.

Safety regulators have opened an investigation into an estimated 360,000 Ford Motor Co Taurus sedans for a potential problem with the throttle getting stuck in an open position.

Venture capitalists have some insights for startup entrepreneurs trying to break out at Austin's South By Southwest Interactive, a mecca for the technorati that runs through Tuesday.

Stock index futures edged lower on Monday as economic data in China gave investors reason to pause after a three-day rally.

PepsiCo Inc said it was taking the essential step of changing its global structure by creating the new job of president to integrate its sprawling operations worldwide, and was bringing back a former executive to head its food and snacks business in the Americas.

EU regulators are open to a settlement with e-book publishers owned by Lagardere , News Corp and three other firms if they offer concessions to resolve competition concerns, the EU's antitrust chief said on Monday.

Exxon Mobil and Baghdad have reached agreement for the U.S.-based company to be paid in oil for work on the huge West Qurna-1 oilfield, after months of negotiations over contract terms, an Iraqi oil official said.

Stock index futures were little changed on Monday as economic data in China gave investors reason to pause after a 3-day rally.

Oracle Corp, the world's No. 3 software maker, lacks catalysts for growth as its integrated systems business is seeing slower-than-expected adoption and software unit is facing higher competition, Jefferies & Co said and downgraded the stock to hold.

Italy is in recession, final data confirmed on Monday, underscoring the difficulties facing Mario Monti's technocrat government as it grapples with a shrinking economy dragged down by austerity measures and a debt crisis.

Volkswagen AG's pursuit of record profits may take a breather this year as Europe's largest car maker invests in a technology overhaul.

The People's Bank of China set the yuan's midpoint against the dollar sharply lower on Monday, the second biggest single-day fall on record and the latest signal that China is willing to let its currency move within a wider range.

George Buck, a slim, towering American who runs Chevron's operations in Brazil, is often flanked by lawyers these days.

Goldman Sachs Group Inc will hold its annual board meeting in India later this month in a sign of the U.S.-based bank's commitment to one of the fast-growing emerging markets, a source with direct knowledge of the matter said on Monday.

Shares and the euro began trading within narrow ranges on Monday, retracing some of last week's gains, as investors paused to assess the effect of strong U.S. jobs data on the growth outlook and the potential for an end to central bank policy easing.

Nokia will close down Nokia Money, a financial service it runs in India, as it continues to narrow its focus on its phone business and location-based services.

Greece's deep recession and unpredictable elections threaten to turn the biggest debt restructuring in history into yet another short-lived reprieve, although the existential threat posed to the euro zone is not what it was.