IBT Staff Reporter

Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings for $3.2 billion in stock, creating a specialty insurer and reinsurer with broader reach and product offering.

Dallas Mavericks forward Dirk Nowitzki was named the NBA Finals MVP for his performance throughout the series against the Miami Heat as the Mavericks beat the Heat 105-95 in Game 6.

The new photos of Representative Gabrielle Giffords have been released on Sunday. It has been almost six months after she was shot in the head in Tucson in January, 2011.

Dirk Nowitzki, 32, has finally won it all and he will probably come down as the best international player to ever play the game of basketball in the stage of NBA.

With the game sealed and the NBA title all but decided, cameras panned toward the exit where Dallas Mavericks star Dirk Nowitski exited the court for the locker room with approximately two seconds left in the game.

Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings Inc for $3.2billion in stock on Sunday.

The Dallas Mavericks beat the Miami Heat 105-95 in Game 6 of the NBA Finals to win the NBA title for the first time in team history.

It wasn't a record breaking box office weekend for famed director Steven Spielberg, who is playing the role of producer in this week's number one box office movie.

Shares of Toyota Motor Corp <7203.T> slid almost 3 percent on Monday after the company forecast a larger-than-expected fall in operating profit as it struggles to restore production following the earthquake in March.

Transatlantic Holdings Inc and Allied World Assurance Co Holdings said on Sunday they will merge to create a premier global specialty insurance and reinsurance company.

The Dallas Mavericks are leading the Miami Heat 53-51 at halftime in Game 6 of the NBA Finals in Miami. The game has been a rollercoaster ride of a half with wild swings and extended scoring runs by both teams.

Washington should streamline permitting for construction projects and make it easier for tourists to visit the United States to help boost hiring and spur the economy, a top adviser to President Barack Obama said.

A number of Wall Street's biggest banks are preparing to lower their use of U.S. Treasuries in August, the Financial Times reported on Sunday.

The 500 workers at India's Dell factory, clad in blue uniforms and the occasional bright pink salwar kameez, are all Indian. Computers leaving the assembly line go to millions of newly affluent Indians feeding an explosion in consumer demand. But the boxes of component parts on the floor say Made in China.

According to a new research bariatric surgery does not assist older men to live longer.

Family Radio president Harold Camping, who famously predicted that about 200 million people will Rapture on May 21 and the world will be destroyed five months later, on Thursday night suffered a stroke which has affected his ability to speak.

Harold Camping, president of Family Radio, a Christian radio ministry, suffered a severe stroke on Thursday night and had to be hospitalized, triggering concerns as to whether his followers will ever be able to hear his famous gravelly voice broadcast over 66 stations anymore.

Access to the website of Spain's national police force was blocked for over an hour late on Saturday in a reprisal attack by the hackers' group Anonymous, the newspaper El Mundo said on its website Sunday.

French Finance Minister Christine Lagarde stretched her lead in the race for the IMF's top job on Sunday when Indonesia became the first big developing economy to back her publicly.

Montreal Grand Prix is halted because of heavy rain.

Alberto Contador, the three-time Tour de France winner, will ride in this year's Tour de France, despite an ongoing doping case into his alleged use of clenbuterol, a banned substance.

According to a new study bariatric surgery does not help older men to have a longer life.

Trademark disputes are nothing new for Apple. The recent lawsuit against Apple's newly announced cloud service iCloud adds to its long list of disputes over using trademarks obtained or claimed by other companies.

Julia Roberts in Montreal for filming snow white

A no show by iPhone 5 at the Apple Worldwide Developers Conference (WWDC) 2011 could turn out to big a big miscarriage, marking a tectonic shift in Smartphone race favoring rival Android-based phones.

Four more financial institutions have joined Maple Group Acquisition Corp's plan to mount a hostile bid for the TMX Group and top a friendly offer from the London Stock Exchange Group , the consortium of Canadian banks and pension funds said on Sunday.

As more photos of Rep. Anthony Weiner, D-NY nearly nude at a Gym in Congress emerged over the weekend, a pair of top colleagues in the House of Representatives called for the embattled congressman to resign

The Obama administration is leading a global effort to establish shadow Internet and cellphone systems to help dissidents undermine authoritarian governments, the New York Times reported on Sunday.

Talk about getting it from all sides. Economists want Americans to cut down on debt and boost spending all at once, even as home values tumble and gasoline prices soar.