IBT Staff Reporter

Australia's Qantas Airways unveiled plans on Tuesday to set up two new Asia-focused airlines and launch a $9 billion-plus fleet upgrade, part of a do-or-die makeover that also gives a major boost to plane maker Airbus .

Former employees of elite Wall Street firms are triumphing over their previous investment banks in Google Inc's blockbuster $12.5 billion deal to buy Motorola Mobility Holdings Inc.

Hackers, holiday season sales and casual gaming are expected to be in the spotlight at Gamescom, Europe's biggest video game trade fair, which throws its doors open to visitors this week.

Google Inc, already the subject of antitrust inquiries, likely opened itself up to more regulatory scrutiny with its proposed $12.5 billion cash acquisition of Motorola Mobility Holdings Inc.

Advanced economies still have options to provide short-term support for jobs and growth even as they focus on medium-term fiscal consolidation, International Monetary Fund chief Christine Lagarde said.

Tara Reid, 35, who starred as Vicky Lathum in the movie "American Pie" in 1999, got married on Saturday.

Allstate Corp on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought.

The hacker group Anonymous is taking on San Francisco's subway system after the Bay Area Rapid Transit turned off cell phone service in stations last week to foil a different protest.

Google's $12.5 billion bid for Motorola Mobility brought a 9 percent gain for the beaten-down stock of tech rival Research In Motion on Monday as investors calculated what a similarly bulging premium would do for the BlackBerry maker's asking price.

Starbucks Corp Chief Executive Howard Schultz is winning support for his call to withhold political contributions from U.S. lawmakers until they strike a fair, bipartisan deal on the country's debt, revenue and spending.

A former chief executive of the Optionable Inc commodities brokerage pleaded guilty for his role in a C$853 million (US$868 million) commodities trading scandal at Bank of Montreal .

In the patent war over Samsung's Galaxy tablet in Europe, Apple may have released false evidence to the German courts against the Korean firm.

The risk of a new U.S. recession has risen over the last couple of months, but an outright contraction will most likely be avoided, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.

U.S. banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers.

Hundreds of Verizon workers in red shirts interrupted a nine-day-old strike to place a wreath at a site in suburban New York on Monday morning, where a colleague was fatally injured on a picket line 22 years ago. The union workers began reportedly one of the biggest labor strikes in recent U.S. history on Aug. 7.

Despite some exterior changes, reported photos hint that the inside of at least one out of 22 imposter Apple stores with familiar wooden tables and Apple-like signage, remain unchanged. A blog that gained international attention for calling out the bogus stores led to the closure of two fake Apple stores by Chinese officials in July.

Manufacturing in the New York area contracted for the third straight month in August, data showed on Monday, tempering any lingering hopes for a rebound in the U.S. economy in the second half of the year.

U.S. retail gasoline prices fell 7 cents over the last week to $3.60 a gallon as of Monday, the second consecutive drop this month, the U.S. Energy Department said.

Wall Street stocks rose for a third day on Monday as investors saw Google's offer for phone maker Motorola Mobility as an excuse to jump back into the market after weeks of sharp selling.

Bank of America Corp won what could prove a legal victory as eight mortgage securities lawsuits against its Countrywide unit were combined into a single case before a federal judge who has ruled favorably for the bank in the past.

Wall Street stocks rose for a third day on Monday as investors saw Google's offer for phone maker Motorola Mobility as a signal to jump back into the market after weeks of sharp selling.

Was the Sugarland stage collapse preventable or was it a fluke accident?

Shares of InterDigital Inc plunged 23 percent on Monday after Google's $12.5 billion Mobility Holdings buy sparked worries that the search giant may no longer be interested in the company's wireless patents.

For the first time, the amount of radiation leaked from the Fukushima nuclear meltdown was measured by a team of researchers. And the results show that tiny amounts of radioactive sulfur reached California in the weeks following the meltdown.

Two studies published Monday suggest re-framing the way medical practitioners look at overweight and obese patients. The studies question the notion that BMI and weight determine health - even when someone is severely obese.

Stocks rose for a third day on Monday as investors bought shares whose prices have been beaten down in recent weeks and as news of U.S. deals lifted sentiment.

Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013.

A recent report says Apple is going to ship out 26 million iPhone 5 units by the end of the year.

The latest expansion of an already bloated federal government is a program aimed at putting free mobile telephones into the hands of low-income Americans.