IBT Staff Reporter

Sony Computer Entertainment America and the hacker who published code that unlocked the PlayStation 3's firmware have reached a settlement in their months-long legal battle.

Oil prices fell on Monday in choppy trading, pulling back after surging to 32-month peaks last week when the dollar swooned and as investors warily eyed an African Union plan to halt Libya's conflict.

Roche is set to kick off the Big Pharma reporting season with a fall in sales on Thursday as a strong Swiss franc, weak demand for top-selling cancer drug Avastin and lack of Tamiflu revenue take their toll.

Masters 2011 champion Charl Schwartzel has dedicated his dramatic and unprecedented win to his father at Augusta.

Simon Murray, the South Pole adventurer and former Vodafone board member, is in the running for the role of chairman at Glencore, the commodities giant set to detail plans for a $10 billion-plus listing later this week.

Stocks rose on Monday as investors bet on a strong corporate earnings season, which Alcoa Inc unofficially launches after the market's close.

The Beastie Boys are making a comeback by releasing a single, an album and a movie trailer publicizing the album.

Apple Inc CEO Steve Jobs will allow best-selling author Walter Isaacson, who chronicled the lives of Albert Einstein and Benjamin Franklin, to publish his biography next year.

House Speaker John Boehner on Monday said that the Republican proposal for the 2012 budget leads where the Obama administration failed by taking on challenges facing healthcare, retirement and energy to create jobs.

Scientists say they have moved a step closer to developing a computer model of the brain after finding a way to map both the connections and functions of nerve cells in the brain together for the first time.

The authorized biography of Apple CEO Steve Jobs is set to be published early next year.

PIMCO has shifted to a short position in U.S. government-related debt in the world's largest bond fund, while also raising cash holdings in a sign of the asset manager's serious concerns about the U.S. fiscal outlook.

Internet content delivery company Level 3 Communications Inc plans to buy smaller rival Global Crossing Ltd for about $1.9 billion in a stock deal, as it looks to wrestle market share from Akamai Technologies Inc.

Bharti Airtel Ltd, India's top mobile phone carrier, and its smaller rival Aircel separately said on Monday they would launch Apple's iPhone 4 in India in the coming months.

BP is not expected to attempt a buyout of its oligarch partners in its Russian venture TNK-BP anytime soon, if at all, banking and industry sources said.

Last week's episode of American Idol proved to be quite the shocker as front-runner Pia Toscano was eliminated from the competition.

Gold and [platinum-group metals] were irrelevant, according to one Asian dealer, as The silver market went nuts, with swift buying pushing spot silver prices to a fresh 31-year high above $42 per ounce.

Google is working towards crafting a tablet version of its light-weight, browser-based Chrome OS in its attempt to act as a catalyst to trigger creation of quality web apps to counter apps created for closed-walled companies like Apple and Microsoft.

Deutsche Boerse has no plans to raise its offer for NYSE Euronext , two people familiar with the company's thinking said on Monday.

News organizations across the world were taken in -- once again -- by a hoax that was perpetrated more than 50 years ago.

Gartner estimates point to Apple's iOS grabbing nearly seventy percent of the market in 2011, a command that won't noticeably decrease until 2015, when it will drop to 47 percent.

Stocks rose on Monday on hopes of strong corporate earnings as aluminum company Alcoa will be the first Dow component to release first-quarter results.

TMZ confirms that Nicki Minaj has signed on as the opening act on Britney Spears' summer tour.

A peek into Libyan leader Muammar Gaddafi's wardrobe.

Bahrain accused a prominent activist on Monday of fabricating images of a corpse on the Internet and summoned him for questioning in an ongoing crackdown following pro-democracy protests the state put down by force.

Expectations of another rise in European Central Bank interest rates by July kept the euro close to recent highs on Monday and pushed euro zone government bond prices lower.

The growth outlook for major industrialized economies is improving with Germany and the United States leading the recovery, the OECD's leading indicator for February showed on Monday.

Britain's top banks should shield retail operations from riskier investment banking activities and boost capital levels to protect taxpayers from future crises, a government-commissioned report said.

Wall Street stocks were set for a slightly higher open on Monday on hopes of strong corporate earnings.