IBT Staff Reporter

The trustee in charge of liquidating what's left of Lehman Brothers Holdings Inc's U.S. brokerage told a judge on Monday that Barclays Plc should return $2.1 billion it received when it bought Lehman's North American arm.

Wendy's/Arby's Group Inc's quarterly profit fell short of Wall Street expectations and the restaurant chain lowered its 2011 profit forecast citing rising beef prices.

Dean Foods Co reported a higher-than-expected quarterly profit, helped partly by strong sales of its Horizon Organic branded milk, and the dairy company raised its full-year earnings forecast.

A Greek debt restructuring would have dire consequences, ECB policymakers warned, with one suggesting the bank would be unlikely to help the euro zone recover from the shock by delaying interest rate hikes.

Microsoft Corp plans to buy Internet phone service Skype for $8.5 billion, a rich price as it seeks to regain ground on growing rivals such as Google Inc.

CBS News is reporting that it was as recently as this past weekend that Arnold Schwarzenegger and Maria Shriver were seen together celebrating the graduation of their nephew. Even though they were together and smiling, Shriver wasn't wearing her wedding ring.

Alexander McQueen's Savage Beauty saw more visitors than any other costume show in the history of the Met. Roughly 5,100 visitors attended the exhibition on its opening day proving the show to be a success.

U.S. and Chinese officials in Washington on Monday laid out differences on human rights in China, U.S. exports on high technology products, and China's exchange rate as they held ongoing talks to resolve strategic and economic issues.

U.S. stocks were set to rise at the open on Tuesday after strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.

Oil prices pared losses of more than 2 percent on Tuesday as the dollar erased gains.

Microsoft brings aboard Skype for $8.5 billion. With Skype, Microsoft is getting an established player in the increasingly competitive voice and video calling market. Skype has 170 million connected users and logged over 207 billion minutes of voice and video conversations in 2010.

After 25 years of marriage, Arnold Schwarzenegger and Maria Shriver have split up, they said in a joint statement.

Amazon's cloud-based locker service can now be accessed by iOS devices iPad and iPhone after Amazon added an update to its Cloud Player service.

U.S. stock index futures rose on Tuesday as strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.

Microsoft is close to buying internet telephony network Skype in an $8.5 billion deal, a source familiar with the situation said, as it seeks to regain ground on growing rivals such as Google.

A new app is able to diagnose a stroke with the same accuracy as a medical computer workstation.

U.S. stock index futures rose on Tuesday as strong Chinese trade data eased concerns of a slowdown in the world's second-largest economy and pointed to strong global demand.

The head of Tokyo Electric Power Co asked the government on Tuesday to help shoulder the burden of compensating residents displaced by the crisis at its Fukushima Daiichi nuclear plant, a bill that is expected to run into tens of billions of dollars.

Deutsche Post DHL posted consensus-beating quarterly earnings and affirmed its 2011 outlook as demand from Asia boosted profits at its express delivery business.

Greece denied on Tuesday a Dow Jones report that it expects a new aid package of nearly 60 billion euros ($85.71 billion) to deal with its debt crisis.

Google Inc. plans to launch its cloud-based music locker service at its developer's conference Google I/O to challenge Amazon's early mover advantage in the music streaming service.

China stormed back to post a hefty trade surplus in April as exports hit a record while imports eased more than expected, weighed down by sustained monetary tightening and high commodity prices.

Toyota Motor Corp <7203.T> on Tuesday denied a report its output would return to pre-quake levels two or three months earlier than expected, but said it will try to resume normal production as soon as possible.

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.1 percent at 0818 GMT.

Deutsche Post DHL's earnings beat estimates in the first quarter as demand from Asia boosted profits at its express delivery business.

China's Huawei Technologies is making an aggressive push into the consumer electronics space, marketing its new smartphones and tablet PCs in glitzy Beijing malls and even a Milan fashion show as it seeks to emerge from decades of obscurity.

Microsoft Corp is close to buying Web video conferencing service Skype Technologies for $8.5 billion including debt, a source familiar with the situation said, underscoring the technology giant's growing ambition to plug a hole in its mobile offerings.

Robert Stempel, the first engineer to become the chief executive of General Motors Co , died on Saturday in Florida, the Detroit Free Press reported. He was 77.

Microsoft Corp is close to buying web video conferencing service Skype Technologies for $8.5 billion including debt, a source familiar with the situation said, in a deal which would rank as the biggest for the software company.