IBT Staff Reporter

Chipmaker Intel Corp said it has agreed to buy networking products maker QLogic Corp's InfiniBand assets for $125 million in cash to strengthen its networking and high-performance computing capabilities.

The Supreme Court for the first time ruled on Monday that police attachment of a GPS device to monitor a suspect's vehicle was a search protected by constitutional privacy rights, a test case involving new surveillance technology.

Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.

The number of Americans owning a tablet computer or e-reader nearly doubled over the holiday period as Kindles, Nooks and iPads proved to be popular gifts, a new study found.

Digital music revenues rose eight percent in 2011 to $5.2 billion, but it was not enough to prevent another annual decline in the overall market to $16.2 billion from $16.7 billion in 2010.

The Occupy movement, which went global after protests against Wall Street last year, is camping in igloos to bring its argument with the super-rich 1 percent to Davos.

Stock index futures indicated little change at the open on Monday after equities posted their best week in a month as the euro zone debt crisis and the U.S. economy showed signs of stabilizing.

Research In Motion's Mike Lazaridis and Jim Balsillie have bowed to investor pressure and resigned as co-CEOs, handing the top job to an insider with four years at the struggling BlackBerry maker.

Germany's ThyssenKrupp and Finland's Outokumpu are in early talks over a stainless steel tie-up, moving towards the long-awaited consolidation of a sector that has struggled to battle overcapacity and cheap Chinese imports.

Stock index futures edged higher on Monday, after stocks posted their best week in a month as the euro zone debt crisis and the U.S. economy showed signs of stabilizing.

Sony Corp and Fujifilm Holdings are leading contenders for an equity stake in Olympus Corp, sources familiar with the situation said, as the scandal-hit medical equipment maker moves to shore up its finances.

Stock index futures edged higher on Monday, after stocks posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.

Can't remember the lyrics to your favorite songs? A new iPhone app might help.

Euro zone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.

Michel Barnier, European Commissioner in charge of financial regulation, said on Monday that he would stick strictly to a timetable already agreed for implementing stricter Basel III bank capital requirements.

Business morale in France's manufacturing sector dropped unexpectedly in January as uncertainty over the state of the euro zone and world economy as well as upcoming elections weighed on sentiment, adding to hints that France started the year in a recession.

U.S. gas producer Apache is to buy privately owned oil and gas company Cordillera Energy Partners III in a cash-and-stock deal valued at $2.85 billion to expand its acreage of oil and petroleum liquid fields.

Toyota Motor Corp has developed a way to make hybrid and electric vehicles without the use of expensive rare earth metals, in which China has a near-monopoly, Japan's Kyodo News reported.

Uncertainty over the outcome of talks to restructure privately held Greek debt limited gains in European shares and the euro on Monday ahead of a finance ministers meeting to decide the terms of further aid for Greece.

Eurozone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.

Nokia Siemens Networks has raised more than 1.2 billion euros from a group of 14 European and U.S. banks as it looks to restructure the business and pay costs of a big redundancy program, a source close to the deal said on Monday.

Euro zone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.

Sony Corp is the leading contender among firms jostling for an equity stake in Olympus Corp, Japanese business weekly Diamond reported on its website, as the scandal-hit medical equipment maker moves to shore up its finances.

German steelmaker ThyssenKrupp is in talks with Finland's Outokumpu over a possible merger of the two companies' stainless steel businesses.

FileSonic, a website providing online data storage, has disabled its file sharing services following a U.S.-led crackdown on a rival website and amid heated debate over Washington's attempts to clamp down on online piracy.

Toyota Motor Corp is cutting 350 jobs at its Australian manufacturing operations due to an ongoing downturn in production levels, a rare move from the Japanese auto giant.

Few U.S. companies plan to step up hiring in the next six months although they do expect the economy to be a bit stronger this year, according to a poll released on Monday.

There are weeks when it can sound as if the European sovereign debt crisis is going round in circles.

The founder of file-sharing website Megaupload was ordered to be held in custody by a New Zealand court on Monday, as he denied charges of internet piracy and money laundering and said authorities were trying to portray the blackest picture of him.