IBT Staff Reporter

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Cuban Robles stripped of gold as more drama grips Daegu

Cuban hurdler Dayron Robles was stripped of gold and glory at the world athletics championships on Monday in a twist every bit as dramatic as Usain Bolt's disqualification from the blue riband 100 meters sprint the night before.

Irene likely dented August auto, retail sales

Hurricane Irene hit the U.S. East Coast at the most inopportune time for many businesses, keeping millions of shoppers away from stores and auto dealerships during what should have been a busy weekend.

Wall St soars in broad rally

Stocks rallied more than 2 percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe, while a rebound in consumer spending calmed fears of a new U.S. recession.

Analysis: Verizon seen winning healthcare fight with union

Verizon Communications is expected to prevail on key issues such as healthcare costs in its negotiations with unions but may end up postponing its plan to freeze pensions, according to experts who have been following the telephone company's labor dispute.

The Help Holds on at top of Storm-hit Box Office

The hard-working maids of The Help hung on to the top of a storm-battered box office over the weekend and beat a trio of new releases with $14.3 million in domestic ticket sales, studio estimates released on Sunday showed.

Zynga IPO delayed - reports

Zynga, the social games maker may delay its plans for an initial public offering because of poor market conditions and to answer questions from the U.S. Securities and Exchange Commission, according to media reports on Monday.

LDK Solar sees price recovery in second half

LDK Solar Co Ltd suffered a quarterly loss as a sharp drop in solar wafer prices forced it to write down millions of dollars in inventories, but forecast revenue for the current quarter above estimates on stabilizing prices.

Hurricane Irene: Storm Leaves Behind Blood Emergency in New York

The New York Blood Center, which serves more than 20 million people in New York City, Long Island, the Hudson Valley and New Jersey, is the first blood bank to suffer from an urgent need of blood donors because it lost an estimated 2,000 donations during the Hurricane Irene storm.

UAW chief says upbeat on auto talks

United Auto Workers President Bob King said on Monday that he was upbeat about reaching a contract deal with U.S. automakers that would keep them competitive against Asian and European rivals.

'The Help' shines again at top of box office

The hard-working maids of The Help beat three new releases to win the North American box office on a weekend dampened by Hurricane Irene, according to studio estimates released on Sunday.

German coalition lawmakers to propose compromise on EFSF

Lawmakers from Chancellor Angela Merkel's coalition will make a proposal this week to persuade rebel colleagues to back measures to bolster the powers of the euro zone bailout fund, a senior conservative lawmaker said on Monday.

U.S., Russian Officials Could Leave Space Station Unmanned

U.S. and Russian space agency officials are considering temporarily pulling astronauts off of the International Space Station, The Wall Street Journal reports Monday, following last week's failure of an unmanned cargo mission to the international space station.

Zynga IPO delayed: reports

Zynga, the social games maker may delay its plans for an initial public offering because of poor market conditions and to answer questions from the U.S. Securities and Exchange Commission, according to media reports on Monday.

Wall St rallies as insurers up post-Irene

Stocks jumped nearly 2 percent on Monday as a merger between two big banks in Greece suggested Europe was working through its financial problems and a rebound in consumer spending calmed fears about the U.S. economy.

Michele Bachmann: Hurricane Irene Was Message from God, Just Kidding

Republican presidential candidate Michele Bachmann said that she was just kidding when she said that Hurricane Irene and the earthquake that rocked the East Coast Tuesday was a message from God. The Minnesota congresswoman, who notoriously hates President Barack Obama, publicly announced that Hurricane Irene was the channel through which God wanted to tell politicians to pay attention to the debt and deficit crisis in the United States.

Guessing game begins on Irene insured losses

Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling company Eqecat said on Monday.

Wall St up two percent in broad rally

Stocks rallied more than two percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe, while a rebound in consumer spending calmed fears of a new recession.

Consumer spending data allays recession worries

Consumer spending rose at its fastest pace in five months in July, a further sign the economy is not falling back into recession, although manufacturing activity in Texas almost stalled this month.

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