IBT Staff Reporter

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.

France and Germany will call on Monday for a relaxation of global bank capital rules to prevent lending to the real economy being choked off, the Financial Times reported on Monday.

Asian shares and the euro paused from last week's rally on Monday as investors sweated on the progress of crucial Greek talks on a debt swap deal to avoid a default, while activity was subdued due to the Lunar New Year holiday in much of Asia.

Japanese manufacturers are bracing for a possible breakup of the euro zone, according to a Reuters poll released on Monday, with 65 percent saying they see a need to prepare for the currency block's partial or complete collapse.

Research In Motion's co-chief executives Mike Lazaridis and Jim Balsillie have bowed to investor pressure and stepped down, handing the job to an insider with four years at the struggling BlackBerry maker.

When 70-year-old Qian Yongfang of Nanjing in eastern China opened a package of mooncakes her daughter had sent by express delivery, two boxes of the sweet pastries were missing.

Two men sought worldwide in connection with a U.S.-led crackdown on the online file-sharing website Megaupload have been arrested, a New Zealand government lawyer told a court on Monday.

Would-be American home-buyers can take heart: U.S. housing is more affordable than in other English-speaking countries, according to a study of metropolitan areas around the world.

Nokia Siemens Networks has raised more than 1.2 billion euros from a consortium of 14 European and U.S. banks, the Financial Times reported on Monday.

The founder of online file-sharing website Megaupload argued in a New Zealand court Monday he was innocent on charges of internet piracy and money laundering and said authorities were trying to portray the blackest picture of him.

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

Shares of scandal-hit Olympus Corp jumped more than 7 percent in heavy trade on Monday after the Tokyo bourse kept the company listed, but placed it on its security on alert list for firms needing to urgently improve their internal management.

Content-sharing Internet service Megaupload.com has lost the help of one of the best-known U.S. defense lawyers as it begins to fight charges of copyright infringement, a person familiar with the matter said.

Huntington Ingalls Industries on Sunday welcomed news that the U.S. Defense Department would not cut its fleet of 11 aircraft carriers to help trim the budget deficit, but naval experts say they are still awaiting details about work on the next such vessel.

Twitter is much more than a social network and has no time to waste worrying about newcomers like Google+ as it becomes more important as an information service and builds its advertising business, co-founder Jack Dorsey said on Sunday.

German Finance Minister Wolfgang Schaeuble said on Sunday the crucial factor in negotiations over a debt-swap plan for Greece was that Athens should by 2020 have a sustainable level of borrowing.

Stocks rising, bulls rampant are motifs you might pick if designing a coat of arms for Wall Street at the moment. But the motto should read: Caveat emptor. Yes, buyer beware.

The Federal Reserve could take the historic step this week of announcing an explicit target for inflation, a move that would fulfill a multi-year quest of the central bank's chairman, Ben Bernanke.

Israeli conglomerate Delek Group said on Sunday that the collateral to back an HSBC loan for its gas exploration units had been rejected by Israel's Petroleum Commissioner.

Switzerland's economy minister Johann Schneider-Ammann expects the Swiss franc to weaken to about 1.40 francs per euro in the medium term, he told a Swiss newspaper on Sunday.

Switzerland's economy minister Johann Schneider-Ammann expects the Swiss franc to weaken to about 1.40 francs per euro in the medium term, he told a Swiss newspaper on Sunday.

Kim Dotcom, also known as Kim Schmitz and Kim Tim Jim Investor, spent his 38th birthday on Saturday in a New Zealand jail after 70 police personnel raided his country estate at the request of the U.S. FBI, which alleges Dotcom masterminded a criminal -- and highly profitable -- copyright-infringement operation.

Among the roll-call of hip-hop artists and other celebrities plugging Megaupload.com's digital storage services in an online promotional video, a cameo from the website's founder would have gone unnoticed by many.

Among the roll-call of hip-hop artists and other celebrities plugging Megaupload.com's digital storage services in an online promotional video, a cameo from the website's founder would have gone unnoticed by many.