IBT Staff Reporter

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Dish stands alone in TerreStar bid: sources

TerreStar Networks Inc did not receive any competing bids for its assets Monday, clearing the way for Dish Network Corp to acquire the company for about $1.38 billion, according to sources with direct knowledge of the situation.

Nike quarterly net income rises 14 percent

Nike Inc reported stronger-than-expected quarterly earnings on Monday as a 14 percent increase in revenue helped offset higher costs, and orders showed surprising strength for the future.

World Bank acts to encourage investing in Mideast

The World Bank's political risk guarantee agency said on Monday it would mobilize about $1 billion for insurance coverage for countries in the Middle East and North Africa to encourage foreign direct investment.

Ex-Citigroup VP pleads not guilty in fraud case

A former Citigroup Inc vice president charged with embezzling $19 million from the bank's accounts -- an alleged fraud that went undiscovered for more than a year and a half -- pleaded not guilty in Brooklyn federal court on Monday.

Amanda Knox on Murder Trial: Tragic Heroine or She-Devil? [PHOTOS]

While Casey Anthony's first-degree murder Trial stirs up a national sensation in the U.S., the murder trial of Meredith Kercher has gained international attention due to its controversies around the validity of the convictions and the conduct of the police investigation and prosecution. Taking center stage is Amanda Knox, Kercher's roommate.

Maple, LSE talk tough in last-minute dash for TMX

Bidders for the operator of Canada's largest stock exchange stepped up their last-minute push for votes on Monday as the deadline loomed for TMX Group shareholders to decide between a takeover offer from the London Stock Exchange or from a home-grown rival.

Goldman's Solomon: Dark horse contender in CEO race

TURNING ON THE CHARMSolomon avoids the spotlight. Bald and paunchy, with a gravelly voice and a casual demeanor, he hardly radiates power. Described by friends as a family man close to his wife and two daughters, Solomon lives in an apartment on tony Central Park West in Manhattan, and is not known to flaunt his wealth.

Lehman to sell Toy Center for $700 million: report

Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million, the Wall Street Journal said on Monday, citing people familiar with the matter.

Sprouts spark 20 cases of Salmonella poisoning FDA says

The U.S. Food and Drug Administration along with Centers for Disease Control and Prevention and public health agencies are warning consumers not to eat Evergreen Produce brand alfalfa sprouts or spicy sprouts because they may be linked to 20 cases of salmonella poisoning.

Consumer spending breaks 10-month rising streak

U.S. consumer spending failed to rise in May, breaking 10 straight months of gains, as households struggled with rising prices and automakers could not deliver some popular models due to fallout from Japan's earthquake.

Blackstone asked for extra details on pay by SEC

Private equity and real estate firm Blackstone Group was recently asked by the Securities and Exchange Commission to provide extra information about how it remunerates its executives, according to regulatory filings made public on Monday.

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