IBT Staff Reporter

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Equities and euro pummeled by euro zone worries

LONDON - European stocks shed 3 percent on Monday and the euro sank against the dollar as markets weighed a risk-heavy outlook for the euro zone, dominated by peripheral debt concerns and political uncertainty in Germany.

Justin Bieber Desires to Be A 'Normal Kid,' He Says on Twiiter [PHOTOS]

Bieber is a name about town--you know his name, you know his face, you know all his life via Twitter and the endless surveillance thanks to paparazzi. It is as if Justin Bieber is not even a person... only a name. A singer. An idol. However, the young star is actually a 17 year old kid from Ontario, Canada.

Rick Perry Campaign: 10 Reasons He Is Too Extreme to Win

Texas Gov. Rick Perry, the latest frontrunner for the Republican presidential nomination, has taken more radical stances than perhaps any other candidate. Here are the top 10 positions that may make it difficult for him to compete in the general election.

Nadal Collapses at Press Conference (VIDEO)

There were worrying signs for defending US Open champion Rafael Nadal, who after sealing his place in the fourth round of the tournament with a straight-sets victory against David Nalbandian, collapsed onto the floor, clutching his right leg during the post-match press conference.

US Open - Nadal, Murray in Last-16 Stage

World number two and defending champion Rafael Nadal fought his way into the fourth round by beating Argentina's David Nalbandian in the US Open at Flushing Meadows while Andy Murray had a straightforward passage against Spain's Feliciano Lopez.

HP exec says PC unit spinoff best value

A spin-off of Hewlett-Packard Co's PC unit would be the best value for shareholders, according to the head of its PC division, who added that tablet computing was relevant to the future market for any spinoff.

Swiss bankers group wants amicable deal in U.S. tax row

Switzerland must solve a dispute with the United States over wealthy citizens using secret Swiss accounts to dodge taxes under existing laws and should continue to protect bank secrecy, the Swiss Bankers Association head said on Monday.

World stocks slide on economy and debt fears

Stocks fell on Monday and the euro hit a three-week low versus the dollar as worries about Greek and Italian fiscal deficits and a regional election rout for Germany's ruling party cast more doubt on the euro zone's ability to solve its debt crisis.

No new treaty for U.S. tax deal: Swiss bankers group

Switzerland must solve a dispute with the United States over wealthy citizens using secret Swiss accounts to dodge taxes under existing laws and should continue to protect bank secrecy, the Swiss Bankers Association head said on Monday.

German court bans sales of Samsung's new 7.7-inch tablet

Samsung Electronics Co has stopped promoting its new tablet computer at Europe's biggest consumer electronics fair after a court-ordered sales injunction in Germany, the latest setback in its global patent battle with Apple Inc.

Brent falls below $111 on U.S. recession fears

Brent crude oil fell below $111 a barrel on Monday, as fears of another U.S. recession slowing fuel demand overshadowed concerns that a tropical storm may shut down some U.S. offshore oil production.

World stocks, euro slide on recession worries

World stocks fell to a one-week low on Monday and the euro hit a three-week trough against the dollar as investors worried the U.S. jobs market may be beyond easy repair and Europe faced a series of risks that would reignite its debt crisis.

Karnataka Ex-Minister Arrested in Mining Scandal

A former minister and mining baron in India's iron ore-rich southern state of Karnataka was arrested on Monday in connection with a mining scandal that may have cost the state $3.6 billion in lost revenue, police said.

Brent falls below $112 on U.S. recession fears

Brent crude oil fell toward $111 a barrel on Monday, as fears of another U.S. recession slowing fuel demand overshadowed concerns that a tropical storm may shut down some U.S. offshore oil production.

Europe faces week of challenges in debt crisis

Europe faces a string of political and legal tests this week that could hurt efforts to resolve its sovereign debt crisis and increase pressure for governments to try more radical solutions.

Europe set to fall again as growth gloom hits stocks

European shares were set for sharp losses on Monday after Asian stocks slid and the euro hit a three-week low against the dollar, as fears of a renewed U.S. recession and sustained worries about the euro zone debt crisis prompted investors to sell riskier assets.

Tech IPOs could lead the way post-Labor Day

It's been a rough summer for U.S. initial public offerings after the stock market nosedived, but tech issues could see strong demand after bankers and fund managers return from vacation in September.

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