IBT Staff Reporter

Internet big Google is a political tool , a top Chinese official told a Beijing paper Monday, claiming the U.S. internet magnet's comments about hacking attacks linked to China is bad for their business.

Nintendo announced that their web server was recently hacked by the Lulzsec hacking group. The hackers were able to penetrate the network but did not manage to obtain any sensitive information or customer data. The hack happened weeks ago, but Nintendo has just released a statement, leaving many to wonder about Nintendo's trust in communication with their gaming customers.

Salwa Al-Mutairi's YouTube video calls for

The Miami Heat walked away with a slim victory over the Mavericks winning 88-86 in the NBA Finals Game 3 in Dallas. With the series tied 1-1, the victory gives Miami a 2-1 and returns home court advantage. The end of the game wasn't pretty with both teams shooting 1-5 in the closing 1:40 of a tie game.

Wall Street was set for a volatile open on Monday, with the S&P 500 hovering near its April low after signs of a slowing economy pushed the index to five weeks of losses.

Weak jobs figures on Friday do not change the fundamental outlook for the U.S. economy and monetary policy could be tightened by the end of the year, a top Federal Reserve official said on Monday.

Goldman Sachs Group Inc could release documents to counter a Senate subcommittee report that said the bank misled clients about mortgage-linked securities, the Wall Street Journal reported, citing people familiar with the matter.

Google has become a political tool vilifying the Chinese government, an official Beijing newspaper said on Monday, warning that the U.S. Internet giant's statements about hacking attacks traced to China could hurt its business.

Weak jobs figures on Friday do not change the fundamental outlook for the U.S. economy and monetary policy could be tightened by the end of the year, a top Federal Reserve official said on Monday.

According to an unverified source, iCloud service could replace iTunes in its role of storing all the data; audio, movies and TV shows, iBooks, apps, calendars, etc. In the cloud space, the data would be better served synching over air.

Arsenal midfielder Samir Nasri could well move to bitter-rivals Manchester United after the Frenchman claimed that he was unsure of signing a new contract with the Gunners.

Apple’s new web-hosted music service, which is expected to beat the market of Google Music and Amazon Cloud Player, may have to face tough competition.

Greek Prime Minister George Papandreou starts a campaign on Monday to secure a new international bailout by imposing years of austerity on a nation already seething over corruption and economic mismanagement.

After venting out their ire against Sony PlayStation Network, hackers have pointed their guns at FBI.

Despite seeing some of his best tennis fail to win him the French Open, 16-time grand slam winner Roger Federer said he was pleased with his performance against Rafael Nadal in the final, but also admitted things could have turned out better.

Goldman Sachs Group Inc could release documents to counter a Senate subcommittee report that said the bank misled clients about mortgage-linked securities, the Wall Street Journal reported, citing people familiar with the matter.

World number one Rafael Nadal has said it is an honor to equal Bjorn Borg's record of six grand slam titles after he overcame Roger Federer in the French Open final at Roland Garros on Sunday.

Apple Inc Chief Executive Steve Jobs returns on Monday to the stage at San Francisco's Moscone center to take the wraps off what investors hope will be the next source of growth for the world's most valuable technology company.

The MTV movie awards , packed with exclusive film chip premieres and fresh faced favourite stars is more like a drinking game for celebrities.

The IAEA provided the following information on the status of nuclear safety in Japan:

Tokyo Electric Power Co <9501.T> should go through a court-led restructuring similar to Japan Airlines, the head of the Tokyo bourse was quoted as saying, sending the utility's stock tumbling to an all-time low on the possibility of a delisting.

Global airlines cut their 2011 profit forecast by more than half to $4 billion on Monday as high oil prices and turmoil in Japan, North Africa and the Middle East weigh on the industry's recovery.

The American public's swing from deflation to inflation worries in the past year is troubling as it suggests potential doubts about the Federal Reserve's ability to keep prices stable, a top Fed official said on Monday.

Several leading drugmakers are cutting their prices on potentially life-saving vaccines for people in developing countries in an effort to sustain supplies via the GAVI international vaccine alliance.

Italian fashion house Prada could raise up to $2.6 billion in an initial public offering in Hong Kong, setting a valuation for the maker of Miu Miu dresses higher than its European peers.

Global airlines will spell out the cost of a whirlwind of disasters, political unrest and high oil prices on Monday while mounting an all-out offensive against European plans to make them pay extra for carbon emissions.

The euro hit a one-month high on Monday, heading toward $1.50 ahead of a European Central Bank policy meeting later this week, an upward march that could bring commodity prices and emerging market currencies along with it.

Nobel Prize winner Peter Diamond said on Sunday he planned to withdraw as a nominee for Federal Reserve governor, after his nomination was repeatedly opposed by Republicans.

TransCanada Corp's 591,000 barrel-per-day capacity Keystone pipeline resumed shipping crude oil, one week after being shut by a leak at a Kansas pumping station, the Calgary-based company said in a statement.