IBT Staff Reporter

J.C. Penney Co Inc's incoming boss has lured a senior executive from Target Corp as he assembles his team before taking the reins of the department store chain next month.

The fate of Michael Ovitz at sports talent giant IMG remained in the balance with senior management having conferred with legal counsel over the weekend as to how to remove him from the board.

Yahoo! and ABC News announced Monday that they will join forces on a news alliance to deliver content to more than 100 million U.S. users each month. The deal increases the reach of Yahoo! News, which already reaches more unique users than any other news site.

Beavis and Butt-head return to MTV later this month, and MTV's sister network, VH1, is also giving us a welcome blast from the past with the return of Pop Up Videos at noon on Monday.

Starbucks Corp CEO Howard Schultz, decrying a lack of leadership in Washington, said his chain of coffee shops is helping to launch a nationwide fund designed to stimulate U.S. job creation.

Stocks turned lower, with the Nasdaq falling 1 percent on Monday, led down by financial shares.

Week two of the Conrad Murray trial gets underway Monday morning, and the doctor has already taken quite a pummeling.

Campaigners for a loosely regulated Internet are alarmed at the risk to Web freedom from fast-growing BRIC and other emerging economies seeking more say in how the online realm is policed.

Telecom operators hit out at a new European Union proposal that aims to spur investment in faster fiber optics networks by reducing profits generated on copper-based networks, saying it was wrongheaded and would actually stunt progress.

Stocks were little changed on Monday as positive U.S. economic data helped to offset fears Greece may require increased euro zone financial assistance after news it will exceed its deficit targets.

The ability of the Kenyan government to protect tourists is called into question after a second kidnapping in a month’s time.

Shares of Eastman Kodak rose more than 35 percent on Monday after the company said it had no intention of filing for bankruptcy.

Factory activity expanded at a faster pace than expected in September as production and hiring increased, suggesting that manufacturing should help keep the economy out of recession.

General Motors Co and Chrysler Group reported September U.S. auto sales gains of at least 20 percent, a sign that consumers have returned as vehicle inventories have risen after being crimped by the March earthquake in Japan.

Target Corp said its marketing head, who earlier this year was tapped to oversee the company's entrance into Canada, has resigned. The discount retailer did not say why.

During this year's breast cancer awareness month campaign, a sea of pink ribbons and supporters gather across the country for a number of events.

U.S. stock fell on Monday as new evidence surfaced that Greece would have trouble clawing its way out of a debt crisis, even as data indicated some strength in the U.S. economy.

Factory activity expanded at a faster pace than expected in September as production and hiring increased, suggesting that manufacturing should help keep the economy out of recession.

The stunning and unfamiliar image above is what the cosmos looks like in the eyes of the world's most powerful ground-based telescopes, ALMA.The groundbreaking telescope is commissioned to help explore the origin of the universe, and explain why it looks the way it does today.

Chrysler Group LLC's U.S. sales rose 27 percent in September as the No. 3 U.S. automaker had its best performance for that month since 2007.

Stocks fell on Monday as concerns over Greece's teetering finances returned to the forefront, extending losses from the previous week.

Jack Ma, the founder and CEO of Chinese e-commerce giant Alibaba, is keen on buying Yahoo Inc if the opportunity presents itself and has held discussions with other potential buyers about options.

Stock index futures pointed to a lower open on Monday as concerns over Greece's teetering finances returned to the forefront and after equities suffered their worst quarter since 2008.

The imminent release of Apple’s latest product on Tuesday has customers musing on their wishlists for the new iPhone. Mobile advertising network inMobi announced recently that results of their iPhone-focused study indicate that a staggering 41 percent of mobile users in the U.S., Mexico, and Canada intend to buy the iPhone 5, if Apple does indeed release a next-generation product.

Britain's prized triple-A sovereign debt rating could come under pressure if the government strays from its path of public deficit cuts in the face of weaker growth, credit agency Standard & Poor's said on Monday.

Stock index futures pointed to a lower open on Monday as concerns over Greece's teetering finances returned to the forefront and after equities suffered their worst quarter since 2008.

If Herman Cain wins next November, he would be the first president in United States history to take office with no political or military experience whatsoever.

Tim Cook finally gets his chance to stride out from under Steve Jobs' shadow, and he could not have picked a better time or device to mark his unofficial debut as Apple Inc's CEO.

The new features coming to iTunes