IBT Staff Reporter

Canadian fertilizer giant Potash Corp. of Saskatchewan is seeking approval from the Israeli government to increase its stake in rival Israel Chemicals Ltd. to 25 percent, according to media reports.

Stocks rose on Monday, led by consumer staples and healthcare but investors remained cautious amid concerns about possible ratings downgrade in Europe and developments in North Korea after the death of the reclusive state's leader.

European leaders have not done enough to deal with the region's debt crisis and should probably use the International Monetary Fund to more closely monitor countries with the biggest problems, Canadian Finance Minister Jim Flaherty said on Sunday.

The Dallas-based company's plan to sell off some of its assets in order to gain regulatory approval for its $39 billion merger are falling flat, which could spell trouble for the merging parties as they try to convince regulators that a merger wouldn't concentrate too much power in the wireless industry.

Wall Street stocks were set for a higher open on Monday after a steep market decline last week as plans emerged to ease Europe's debt crisis, potentially offsetting geopolitical concerns after the death of North Korea's leader.

China could record a rare trade deficit next year, which would test both Beijing's resolve to go slowly on policy easing and its trading partners' ability to adapt.

Stock index futures rose on Monday after a steep market decline last week as plans emerged to ease Europe's debt crisis, potentially offsetting geopolitical concerns after the death of North Korea's leader.

Stock index futures rose on Monday after Wall Street's steep decline last week, but the death of North Korea's leader over the weekend and a warning from Fitch about possible credit downgrades kept investors jittery.

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.43 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.38 percent at 4:45 a.m. EST.

European finance ministers will pursue plans to enhance the IMF's arsenal and press on with a drive for tighter fiscal rules in an attempt to assuage doubts they can overcome their sovereign debt crisis.

Make the fantasy of escaping your office to sail the Caribbean a reality with this guide on how to plan the perfect sailing vacation.

With white soft sand between your toes and palm trees swaying in the breeze, you'll find paradise on any one of these 10 best beaches in the Caribbean.

Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world's top companies, has bought a stake in Twitter for $300 million, gaining another foothold in the global media industry.

Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world's top companies, has bought a stake in Twitter for $300 million, gaining another foothold in the global media industry.

Few national leaders die these days with no one outside their country knowing about it. For more than 48 hours. Not even a mention on Twitter.

Planning a trip and looking for some recommendations? A new app aggregates information from guidebooks, local and international publications and friends to provide useful suggestions.

European finance ministers will pursue plans on Monday to enhance the IMF's arsenal and press on with a drive for tighter fiscal rules in an attempt to assuage doubts they can overcome their sovereign debt crisis.

The euro zone debt crisis may be as much about the heart as it is about the head -- like a jilted lover, markets are just finding it hard to trust again.

Former Deutsche Bank Chairman Rolf Breuer agreed to make a non-penal payment of 350,000 euros ($456,600) to have fraud charges dropped that were brought against him as part of a legal dispute initiated by the late Leo Kirch.

European finance ministers will pursue plans on Monday to enhance the IMF's arsenal and press on with a drive for tighter fiscal rules in an attempt to assuage doubts they can overcome their sovereign debt crisis.

Sweden's Saab faced an end to more than 60 years of car making on Monday after its Dutch owner abandoned repeated attempts to find financing and filed for its bankruptcy.

The Dutch owner of Swedish car maker Saab said on Monday that the rejection of a rescue plan for the ailing firm by former owner and key supplier General Motors had forced it to apply for bankruptcy.

The euro and European stock markets were mostly stable on Monday as fears of rating agency downgrades over the euro zone debt crisis lingered, while news of the death of North Korean leader Kim Jong-il fed fears of regional instability in Asia.

European stocks and the euro were under pressure on Monday in the wake of a fresh rating agency warning on the euro zone debt crisis, while news of the death of North Korean leader Kim Jong-il sparked fears of regional instability in Asia.

The Massachusetts Institute of Technology is developing technology that will allow students taking courses online to use simulated labs, interact with professors and other students, and earn certificates.

Sino-Forest , a China-focused forestry company accused of fraud, said it received notices of default from its noteholders and set up a committee to look at options for the company that could include its sale.

Consumers spent $30.9 billion toward online purchases during the current holiday season, a 15 percent increase from the year-ago period, as shoppers took advantage of free shipping and other online deals, according to comScore.

European Goldfields Ltd said on Sunday that it had agreed to be bought by Eldorado Gold Corp for about C$2.5 billion ($2.4 billion).

Apple Inc supplier Pegatron Corp reported a small explosion at a subsidiary's plant in Shanghai over the weekend that it said had injured 61 workers, the latest in a series of incidents that have spotlighted safety concerns at factories in China.