IBT Staff Reporter

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.

Brazilian state-controlled oil company Petrobras ousted chief executive Jose Sergio Gabrielli, the man who oversaw the discovery of the largest oil find in the Americas in decades, local media reported on Saturday.

An appeals court has dismissed a lawsuit by the financial industry challenging new federal regulations aimed at cracking down on speculation in commodities markets, a move that will likely delay a decision over whether the rules pass muster.

France Telecom will not match the low-cost mobile offers recently launched by new operator Iliad because such aggressive pricing would be bad for network quality and innovation in the long-run, said its chief executive.

When Walt Disney Co. shareholders vote to re-elect directors at its annual meeting in March, neither Steve Jobs' wife nor a representative of his trust will be on the ballot, even though the trust is the media company's largest shareholder.

When Disney shareholders vote to re-elect directors at its annual meeting in March, neither Steve Jobs' wife nor a representative from his trust will be present on the ballot, even though it is the media company's largest shareholder.

Office Depot Inc, the second-largest U.S. office supply retailer, is testing PayPal's new point-of-sale system in a few stores, a top executive told Reuters.

Office Depot Inc., the second-largest U.S. office-supply retailer, is testing PayPal's new point-of-sale (POS) system in a few stores, a top executive told Reuters. The news comes a few days after eBay Inc.'s PayPal unit said it had begun testing in-store payments in 51 Home Depot stores.

German utility RWE expects to issue 1.8 billion euros ($2.33 billion) worth of hybrid bonds in various currencies over the course of this year, effectively rolling over debts maturing in the same amount, in order to maintain its current credit rating.

The receivers for bankrupt car maker Saab are talking with several bidders and would like to sell the Swedish company as a whole, but there have been no formal bids yet, they said on Saturday.

New Zealand police on Saturday revealed bizarre details of the arrest of the suspected kingpin of an Internet copyright theft case against the James Bond-like backdrop of a country mansion hideaway with electronic locks, a safe room and a pink Cadillac.

The representatives of Greece's private creditors left Athens unexpectedly on Saturday without a deal on a debt-swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters. Negotiations will continue over the phone during the weekend.