IBT Staff Reporter

U.S. stocks fell on Monday on signs some corporate outlooks were being strained by concerns over higher raw material costs, including consumer products maker Kimberly-Clark Corp.

Sales of new U.S. homes rose in March and the number of properties on the market was its lowest since the 1960s, but further gains will be hampered by stiff competition from a glut of previously owned houses.

Barrick Gold Corp said on Monday it had struck a deal to buy Australian copper miner Equinox Minerals for more than C$7 billion ($7.36 billion), topping a takeover offer by China's Minmetals Resources by 16 percent.

Spacex chief Elon Musk is talking a big game when it comes to the future of space travel.

Shares of Zagg Inc rose 9 percent to an 8-week high on Monday, with the mobile device accessory maker winning favorable reviews from technology blogs for its recently launched keyboard case for Apple Inc's iPad 2.

Toyota Motor Co may slip to No. 3 in the automaker production rankings behind General Motors and Volkswagen due to Japan's earthquake and nuclear crisis, which slashed local output by almost two-thirds in March alone.

Nintendo Co Ltd said it would launch a successor to its aging Wii game console in 2012 as it struggles to win back users from rivals Microsoft and Sony and seeks to reverse a slump in profits.

Stocks fell on Monday on signs some corporate outlooks were being strained by inflation concerns, including consumer products maker Kimberly-Clark Corp.

Nissan Motor Co Ltd <7201.T> recalled nearly 196,000 older-model Pathfinder and Infiniti QX4 SUVs due to the chance that road salt and water could collect to cause a loss of steering, U.S. safety regulators said.

RadioShack Corp's quarterly earnings fell on weakness in its T-Mobile business and higher costs, prompting the U.S. consumer electronics chain to cut the top end of its full-year profit outlook.

Kimberly-Clark Corp posted a lower quarterly profit on Monday and said this year's earnings could come in below earlier expectations as costs for pulp and other goods are rising more than twice as much as it expected.

Kimberly-Clark Corp on Monday posted a lower quarterly profit and said this year's earnings could come in below earlier expectations as the rapid rise in costs for pulp and other goods pressures its profitability.

Sony Corporate Communications Director Patrick Seybold made the confirmation on Friday shortly before a second announcement that Sony is suspending access to its PlayStation Network Service.

Johnson Controls Inc reported higher second-quarter earnings on Monday and lifted its revenue outlook for the year due to the stronger euro and higher expectations for its heating and ventilation unit.

Barrick Gold Corp has agreed to buy Equinox Minerals for about C$7.3 billion ($7.68 billion), topping a bid from China's Minmetals Resources <1208.HK> in a big bet on soaring copper demand.

OK! Magazine is reporting that Prince William's little brother, Harry, will be throwing him and his bride-to-be Kate Middleton an after party after the royal wedding.

Barrick Gold Corp has agreed to buy Equinox Minerals for about C$7.3 billion ($7.68 billion), topping a bid from China's Minmetals Resources <1208.HK> in a big bet on soaring copper demand.

The fate of hedge fund founder Raj Rajaratnam will be in the hands of a jury on Monday in the biggest Wall Street insider trading trial in decades.

Stocks were little changed on Monday as investors digested gains from a slew of recent strong earnings reports, while Wall Street was set for a choppy, low volume day with major European markets closed.

China's economic planning agency on Monday published a new list of industries that it would encourage, restrict or ban, a blueprint that could have a far-reaching impact on investment activity China over the coming years.

Johnson Controls Inc posted higher second-quarter earnings on Monday and raised its revenue forecast for fiscal year 2011 due to the stronger euro and higher growth estimates for its building efficiency unit.

It has been confirmed that Manchester United striker Dimitar Berbatov will be out of the Champions League first leg against German side Schalke after failing to recover from a groin strain.

In an interview, Barbara Walters went deep into Elton John's and David Furnish's life as the couple opened up about their son Zachary.

Nasdaq OMX Group Inc and IntercontinentalExchange said NYSE Euronext investors should be highly skeptical of the additional merger cost savings outlined by NYSE and Deutsche Boerse AG.

Nissan Motor Co Ltd recalled nearly 271,000 older-model Pathfinder and Infiniti QX4 SUVs in North America due to the chance that road salt and water could collect to cause a loss of steering, U.S. safety regulators said.

Iran has been targeted by a second computer virus in a cyber war waged by its enemies, its commander of civil defense said on Monday.

Images of a prototype version of the iPhone on the T-Mobile network have surfaced.

President Barack Obama and Senate Minority Leader Mitch McConnell - taking a break from discussing the nation's long term deficits - issued dueling statements on U.S. energy policy over the past several days, referring to changes in rules that could affect oil production, tax subsidies and research into alternative energy.

Tokyo Electric Power said it would cut the total compensation of its president, chairman and other top executives by half as it grapples with the world's worst nuclear crisis in 25 years at its Fukushima Daiichi plant.