IBT Staff Reporter

Fannie Mae and Freddie Mac, the country's two largest mortgage finance providers, are expected to gradually increase the fees they charge lenders in the next year, their federal regulator said on Monday.

The world's largest beer festival, Oktoberfest, kicked off in Munich, Germany Saturday and will last until October 3.

Samsung, the South Korean electronics giant, is planning to take strong legal actions to ban iPhone 5, expected sometime in October, in Korean market, according to a new report.

Underwriters or sponsors of asset-backed securities would be banned for one year from taking positions to profit from investors' losses under a plan proposed by U.S. securities regulators on Monday.

The trial of a former Silicon Valley sales manager accused in the U.S. government's crackdown on insider trading closed with prosecution and defense arguing over whether he stole information about public companies and shared it illegally.

The regulator for Fannie Mae and Freddie Mac said on Monday he is considering some reform scenarios that include higher costs for mortgages backed by the government and sharing more risk with the private sector.

The Securities and Exchange Commission filed an insider trading lawsuit in connection with the recent purchase of U.S. underwater oil services company Global Industries Ltd by France's Technip SA .

Boeing Co scrambled on Monday to iron out contract problems that forced it to postpone the first delivery of a stretched model of its iconic 747 jumbo jet, driving down its shares.

The United Nations will hold a high-level two-day summit beginning Monday to discuss its intentions of tackling the global epidemic, which could reach $47 trillion in the next two decades, if no medical solution is found.

The National Transportation Safety Board will investigate the plane that nosedived into the grandstand killing nine spectators and injuring 69 at a Reno air race.

Check out these airline sales before booking your fall getaway.

The company gives a big apology to consumers and makes a significant change by splitting off its DVD business.

Teenage smokers may have better luck quitting if physical activity is added to a traditional cessation program, and exercise is particularly effective with males, says researchers at the West Virginia University concluded in a study released Monday.

Stocks fell sharply on Monday as escalating fears about the possibility of Greek default and concern about the U.S. deficit plan prompted investors to surrender some of last week's gains.

With the regulatory environment easing in Europe, online betting and gaming operator 32Red looks to enter licensed markets, particularly Italy, and expects to surpass market estimates for 2011, its chief executive said.

As the U.S. economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several years into a Japan-style lost decade.

The reigning Super Bowl champion Green Bay Packers erased a 13-point deficit to beat the Carolina Panthers 30-23 on Sunday and maintain their perfect start to the National Football League (NFL) season while the big guns flexed their muscles.

The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.

President Barack Obama on Monday laid out a $3 trillion plan to cut U.S. deficits by raising taxes on the rich, but Republicans mocked it as a political stunt, signaling the proposal has little chance of becoming law. I will not support any plan that puts all the burden on closing our deficit on ordinary Americans, Obama said. We are not going to have a one-sided deal that hurts the folks who are most vulnerable.

Canadian Labor Minister Lisa Raitt was set to meet representatives of Air Canada and its flight attendants' union on Monday afternoon to try to avert a strike at the country's largest airline.

International lenders told Greece on Monday it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.

Billionaire investor George Soros is continuing to overhaul the management team of his Soros Fund Management LLC, which is converting from a hedge fund to a family office.

The auction of online video site Hulu has been slowed by recent developments which could derail it completely, according to sources familiar with the process.

Largely unnoticed by markets riveted by the drama of the day, more and more countries are successfully implementing complex, politically treacherous reforms needed to raise their long-term economic growth rates.

A proposed capital surcharge for big banks is not anti-American and will help reduce the risk of big bank failures, a top European regulator said on Monday.

U.S. stocks tumbled on Monday as growing fears of a Greek debt default prompted investors to sell risky assets and put an end to a week-long rally on Wall Street.

Boeing scrambled on Monday to iron out contract problems that forced it to postpone the inaugural delivery of the latest version of its 747 jumbo jet, driving down its shares.

The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.

People for the Ethical Treatment of Animals, no stranger to attention-grabbing campaigns featuring nude women, plans to launch a pornography website in the name of animal rights.