IBT Staff Reporter

Japan's Panasonic Corp forecast on Monday its full-year operating profit would drop 11 percent to 270 billion yen ($3.4 billion) in the year to March 2012, after the earthquake and tsunami in northern Japan hit production and sales.

The New York Knicks may like Jimmer Fredette's scoring prowess, but the team is more likely to end up with Marshon Brooks or Klay Thompson.

World number one Rafael Nadal will open his Wimbledon campaign against American Micahel Russell at the Centre court.

Boeing booked the first big order on day one of a rain-sodden Paris Air Show, while arch-rival Airbus was left red-faced after pulling two flagship planes from flying displays.

Stock index futures fell on Monday after euro zone finance ministers postponed a final decision on extending emergency loans to debt-stricken Greece.

In the wake of the revelation that both the U.S. Senate and CIA's websites were hacked, the White House has called for stricter sentences for any hacker caught breaking into a government's private computer networks.

China's Huawei Technologies unveiled a new tablet computer called the MediaPad on Monday that it hopes could take on market leaders Apple and Samsung Electronics.

The world economy is slowing down due to a combination of factors such as the euro zone's debt problems and a weak U.S. housing sector, but it is not headed for a double-dip slump, the head of the OECD said on Monday.

Greece's debt crisis may be contagious and poses one of the biggest risks to global financial markets alongside Middle East uprisings, Citigroup's Chief Risk Officer told Reuters.

World stocks, the euro and crude prices fell on Monday and bond yields in heavily indebted euro zone countries jumped after the region's finance ministers delayed a final decision on extending emergency loans to Greece.

Hard-pressed for liquidity, Tunisia's interim government, along with Cherif, are ready to shock Europe-- once the primary market for Tunisian tourism-- into returning to its sun-kissed Mediterranean beaches.

Moody's Investors Service cut its credit rating on Tokyo Electric Power Co to junk status on Monday and kept the operator of Japan's crippled nuclear power plant on review for possible further downgrade, citing uncertainty over the fate of its bailout plan.

Charlotte Bloomberg, the determined and hard working matriarch of the Bloomberg family and mother of Mayor Michael Bloomberg died today at the age of 102, the mayor said tonight.

Euro zone finance ministers kept up intense pressure on Greece on Monday, saying it had to approve tougher austerity measures before a final decision is made on a further 12 billion euros ($17 billion) in loans.

World stocks, the euro and crude prices fell on Monday and bond yields in heavily indebted euro zone countries jumped after the region's finance ministers delayed a final decision on extending emergency loans to Greece.

The Japanese government upgraded its view of the economy's performance and outlook for the first time in four months on Monday, but disappointing export data showed that the recovery from the March earthquake and tsunami would be anything but smooth.

Dutch financial services group ING said on Monday it has put its car leasing business up for sale, in a deal Dutch media reported may be worth 4 billion euros ($5.7 billion).

It's better than anything that's ever been done, by me at least... It's the most original concept I've ever come up with. It's taken me four years to sort out.

Airbus and Boeing were set to announce several billion dollars' worth of plane orders on Monday as industry heavyweight Qatar Airways leaped in to kickstart a rain-sodden opening to the Paris Air Show.

Users of Netflix have been complaining for the past few hours on Twitter about the discontinuation of its online services, which include the $7.99 a month streaming feature and the service to order DVDs.

European aircraft maker Airbus will fly from London to Tokyo in flat two hours! Yes, you heard it right! It will take only two hours to fly from London to Tokyo and be virtually pollution free.

Google’s cloud-based Chromebook comes with a lot of promises as it has started to ship, but the Chrome OS vision leaves a lot to be desired in reality.

Adele, the Grammy award winner singer and song writer, has been advised by doctors to stop singing and talking for at least a month in order to recover from acute laryngitis.

Airbus faced the unexpected and daunting task on Monday of delivering a marketing blow to rival Boeing and maintaining momentum for a revamped jet with its two flagship planes grounded at the Paris Air Show.

Strong oil prices and the euro zone crisis threaten to cut short the recovery of an increasingly competitive aircraft manufacturing industry, the head of Brazil's jet builder Embraer told Reuters on the eve of the Paris Air Show.

Panasonic Corp on Monday forecast a 270 billion yen ($3.4 billion) operating profit for the year to March 2012, down 11 percent on the previous year as the effects of the devastating earthquake continued to weigh on the company's supply chain.

Three months have passed since the deadliest tsunami struck Japan on March 11, 2011. It was announced as the strongest ever in recorded history of geological disasters. Check out photos of Japan’s amazing recovery that took place after the catastrophic event.

Dutch financial services group ING is negotiating the sale of its car leasing business in a deal potentially worth 4 billion euros ($5.7 billion), a Dutch newspaper reported on Monday.

Famed market bear Nouriel Roubini may be talking down China, but resource firms are betting billions that rapid urbanization and economic growth will soak up the country's massive infrastructure investment and prevent a hard landing.