IBT Staff Reporter

After a slew of speculations about the iPhone 5 release crowded the web, several media reports indicated that Tim Cook, the new CEO will unveil iPhone 5 at a special event on October 4 in Apple’s Cupertino Campus.

Bankers are bracing for a Greek default, and their best hope is that Europe can erect firewalls around the banking system strong enough and soon enough to prevent it from spreading to other euro-zone countries.

Gold pared some of Monday's losses by midday in Europe but was still on course for its largest monthly slide in three years, as investors scrambled for cash in the face of mounting fear over the impact of a potential Greek debt default.

Stock index futures rose on Monday on hopes European policymakers were putting together new measures to help ease the region's debt crisis, but the lack of clarity on their potential effectiveness was seen keeping markets volatile.

Daily deal website Groupon Inc is committed to launching an initial public offering but the exact timing remains uncertain, The Wall Street Journal reported on Sunday in its electronic edition.

Stock index futures rose on Monday on hopes policymakers were putting together new measures to help ease Europe's debt crisis, though the lack of clarity on their effectiveness was expected to keep markets volatile.

Norway's top-flight produced the most bizarre/brilliant goal when Odd Grenland played Tromso on Sunday.

European policymakers began working on new ways to stop fallout from Greece's near-bankruptcy from inflicting more damage on the world economy after stinging criticism for failing to stem the debt crisis.

Stock index futures pointed to a mixed opening for U.S. markets on Monday, with futures for the S&P 500 down 0.2 percent, Dow Jones futures rising 0.1 percent and Nasdaq 100 futures down 0.4 percent at 0804 GMT.

Spanish giants Barcelona and Real Madrid returned to their devastating best, led by their frontmen Lionel Messi and Cristiano Ronaldo.

World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis.

Since the launch of Google+, Facebook has made various attempts at amending its design and adding news apps to combat its new competitor and grab the ground firmly.

World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis.

Advisors in the sale of a controlling stake in Hynix Semiconductor are tapping potential bidders as shareholders are now open to new bids for the world's No.2 memory chipmaker after STX pulled out, an official with one of the shareholders said.

World stocks fell toward the previous week's 14-month low on Monday and the euro hit a 10-year low against the yen as doubts grew over how effective Europe's latest crisis-battling steps would be in containing the continent's sovereign debt problems.

European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.

European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.

Amazon.com Inc, which revolutionized reading with its Kindle e-reader, is expected to unveil a tablet computer this week that analysts say will seriously challenge Apple's market dominating iPad.

Libya's stock market will be ready to resume trading in about one month and hopes to attract more foreign investors, the head of the exchange's Benghazi branch told Reuters on Sunday.

Iran's President Mahmoud Ahmadinejad will arrive in Sudan late on Sunday for talks expected to focus on boosting political and economic ties between the two allies, Sudanese officials said.

Tanzania's energy regulator on Sunday hiked the prices of gasoline, diesel and kerosene in its latest price review, due to high fuel import costs and a weaker local currency.

Ivory Coast, the world's top cocoa producer, expects to raise its output this year to the point that it could account for half of the world's production, President Alassane Ouattara said on Saturday.

A group of five leading emerging economies that has banded together to increase their global clout is again struggling to find common ground.

Global miner Rio Tinto is considering spinning off part of its Australian aluminum assets as a planned carbon tax would raise costs and lower margins, a local newspaper reported Monday.

An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected to crimp growth at one of the fastest growing businesses of the Korean company, while threatening to worsen business ties with the firm's largest customer.

Libya's interim rulers said Sunday they had found a mass grave containing the bodies of 1,270 inmates killed by Muammar Gaddafi's security forces in a 1996 massacre at a Tripoli prison.

Thousands of people stripped down to their underwear and ran from Gallivan Center through Salt Lake City, Utah, on Saturday.

Alibaba.com may spin off and publicly list its Internet application services provider HiChina, the company said on Monday.

With fears of a recession rising, the maritime industry will find it increasingly difficult to obtain financing for expansion over the next year, with the exception of the offshore-energy sector, industry experts said.