IBT Staff Reporter

Wall Street edged lower on Monday as Italy and Greece rushed to form technocrat-led governments in a bid to stave off the euro zone's debt crisis, and as data showed the region is facing a looming recession.

Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost the ailing U.S. bank's capital levels.

The world's top planemakers issued bullish forecasts for demand from the Middle East on Monday, underlining the region's importance to the industry a day after Boeing unveiled a blockbuster deal to sell 50 of its 777 jetliners to host airline Emirates.

Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost its capital levels.

A Russian Spaceship with a Russian and American crew launched for the space station Monday morning.

Netflix and Lionsgate UK jointly announced a new multi-year licensing agreement Monday, making Netflix the exclusive subscription streaming service in both the United Kingdom and Ireland for first-run films produced by Lionsgate.

Last week, private investigator T.J. Ward announced that a layered voice analysis test proved Herman Cain's innocence of the sexual harassment charges against him. But according to two studies, the technology is not a reliable lie detector.

J.C. Penney Co Inc issued a tepid holiday sales forecast compared to its rivals and said it expects further decline in gross margin, showing how much work lies ahead as new CEO and former Apple Inc executive Ron Johnson tries to turn around the department store chain.

German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.

Warren Buffett, often mentioned as a potential savior for troubled European banks, said on Monday that he has no interest at the moment in investing in the sector, and that there is what amounts to a partial run on Europe.

Chancellor Angela Merkel said on Monday that Europe must move step-by-step toward political union, calling the euro zone debt crisis the continent's toughest hour since World War Two.

The anti-Muslim militant who killed 77 people in Norway on July 22, shattering a nation known for its open society, acknowledged carrying out the massacre but refused to plead guilty in his first public hearing since the attacks.

Chemicals company BioAmber Inc filed with U.S. regulators to raise up to $150 million in an initial public offering of common shares.

Canadian Prime Minister Stephen Harper said he will step up efforts to supply energy to Asia after Washington delayed a decision on whether to approve a new oil pipeline from Canada to the United States.

Western Conference leaders Chicago Blackhawks gave Edmonton an unhappy ending to their long road trip with a 6-3 victory over the Oilers Sunday.

Chelsea Clinton, the daughter of former President Bill Clinton and current Secretary of State Hilary Clinton, has joined NBC news as a reporter.

Mizuho will cut 3,000 jobs as Japanese banks battle weak demand for credit at home and a tough global growth environment, which saw half-year profits at the lender and smaller rival Sumitomo Mitsui fall by a quarter.

Profits at Italian bank UniCredit have all but evaporated and capital has shrunk to dangerous levels, results due on Monday will show as the bank prepares a $10 billion rights issue and 5,000 job cuts to get back on track.

U.S. stock index futures fell on Monday as Italy and Greece rushed to form technocrat-led governments in a bid to stave of the euro zone's debt crisis, and as data showed the region is facing a looming recession.

German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.

Berkshire Hathaway has accumulated a 5.5 percent stake in IBM, Warren Buffett said on Monday, his biggest bet on the technology field that he has historically shunned.

For a lot of people the day begins amid the chaos of a transit pressure-cooker. Agitated workers wedge onto trains or buses to make the stressful commute to work and arrive feeling frazzled, a state that only worsens as the day wears on.

Stock index futures fell on Monday after strong gains going into the weekend and as Italy and Greece rushed to form technocrat-led governments in a bid to stave of the euro zone's debt crisis.

News Corp's James Murdoch was kept in the dark about the scale of phone hacking at the News of the World by his subordinates who tried to manage the problem, the newspaper's former chief reporter said on Monday.

Technocrat leaders in Italy and Greece rushed to form governments as they sought to limit the damage from the euro zone debt crisis on Monday, and the euro climbed on relief that a key Italian bond auction drew decent demand from investors.

The world's top planemakers issued bullish forecasts for sales from the Middle East on Monday, underlining the region's importance to the industry a day after Boeing unveiled a blockbuster deal to sell 777 jetliners to host airline Emirates.

Former Arsenal captain Cesc Fabregas has warned Arsenal against losing their current skipper and in-form striker Robin van Persie.

Shares in Olympus Corp rose by the maximum allowed on Monday on signs the scandal-hit maker of cameras and endoscopes may escape having its shares de-listed.

Shares in Olympus Corp rose by the maximum allowed on Monday on signs the scandal-hit maker of cameras and endoscopes may escape having its shares de-listed.