IBT Staff Reporter

Google has put in a $900 million bid for Nortel Networks' patent portfolio, which could make it a real player in mobile technology and forestall lawsuits over its smartphone line.

Company has 'no desire' to get into smartphones, executives say

Global Internet giant Google has bid $900 million for a warchest of patents from bankrupt Nortel Networks, in an initial stalking horse bid that's expected to draw in higher competing offers.

The S&P 500 struggled to break above its high for the year on Monday as investors awaited the coming earnings season that begins next week to assess the strength of the stock market.

The U.S. government lashed out at companies at the heart of last year's Gulf oil spill on Monday, denying reports it had negotiated a deal with BP to resume drilling.

The house where Kate Middleton used to live for 13 years is on the market for £460,000 ($742k USD).

Bankrupt Nortel Networks has reached a deal to sell its patent portfolio to Google for $900 million, kick-starting an auction process for assets coveted as weaponry for a growing wireless patent war.

Charlie Sheen's Violent Torpedo of Truth / Defeat is Not an Option has been gaining a lot of attention since it kicked off this past weekend first in Detroit and then in Chica

Manchester United striker Wayne Rooney has been handed a two-match ban by the The FA after he swore into the cameraman during Manchester United's 4-2 win at West Ham United.

Larry Page takes over as chief executive officer three months after it was announced Eric Schmidt was resigning.

A company that supplies radiation safety and protection personnel to the nuclear power industry, is looking for people to go to Japan who might want to work in the Fukushima reactor complex.

Zynga, the online game company behind FarmVille and Mafia Wars, said on Monday Jeffrey Katzenberg, chief executive of DreamWorks Animation SKG Inc has joined its board.

McDonald's Corp is making its annual preparations for a summer jobs hiring spree, although for the first time it will set 50,000 as its goal.

The U.S. interior secretary on Monday rejected reports that BP was striking a deal to resume deepwater drilling in the Gulf of Mexico a year after the worst oil spill in U.S. history.

President Barack Obama has invited House and Senate lawmakers to the White House for Tuesday talks on the federal budget as a Friday deadline to agree to fund the federal government for the next six months, averting shutdown of some services.

Last April 3rd marked the passing of a milestone in computing that a majority of laptop users would not be aware of. It was the 30th anniversary of portable computing and what a ride it has been. Thirty years ago, Adam Osborne's name was a by-word in emerging personal computer communities. His name rang more bells than an upstart named Steve Jobs who chose to name his small computer company after a fruit and lent the same name, perhaps appropriately to his first product.

Six years ago, scientists discovered a gene whose presence indicates an increased chance of having Alzheimer's disease. Now, a large-scale study has uncovered five additional genes that may help predict the disease. The study involved 50,000 people in the US and Europe.

Shares of OmniVision's stock dropped this morning 9% to $32.93, reflecting fears that Apple's move to Sony will hurt OmniVision's bottom line.

The S&P 500 met tough resistance on Monday, with the next major catalyst that could push stocks higher not expected until quarterly earnings reports start to arrive next week.

Certificates used by Sanofi-Aventis SA to win Genzyme Corp started trading at a steep discount to their best-case value on Monday after the French drugmaker gained control of the biotech group.

Congress is looking ahead to negotiating the 2012 federal budget as a deal nears on the remainder of the 2011 fiscal year budget, with House Republican leadership outlining its goals and a top Democrat saying the Tea Party has had some effect on previous budget talks, but said lawmakers misread their own constituents in seeking larger cuts than were possible in the 2011 fiscal year.

The names and e-mails of customers of Citigroup Inc and other large U.S. companies, as well as College Board students, were exposed in a massive and growing data breach after a computer hacker penetrated online marketer Epsilon.

A breach of Epsilon's database affects countless customers of big-name banks and online retailers.

Oil rose to 2-1/2-year highs on Monday, with Brent crude pushing above $120 a barrel on geopolitical risks to supply along with expectations of growing demand after last week's supportive U.S. economic data.

Fast-food chain McDonald's Corp announced a one-day spring hiring spree aimed at fighting the use of the term McJob as shorthand for describing low-wage, dead-end work.

Celebrities such as Heidi Klum, Snoop Dogg and Josh Duhamel all got slimed on the stage at the Galen Center

Deutsche Boerse will wait until bid target NYSE Euronext responds to a rival approach from Nasdaq and Intercontinental Exchange before considering raising its own offer, sources familiar with Boerse's thinking said on Monday.

A nascent recovery in global dealmaking, focused on safer deals with clear strategic logic, probably marks the start of several years of rising mergers and acquisitions, senior bankers told the Reuters Global M&A Summit.

Pfizer Inc has agreed to sell its Capsugel unit, the world's largest maker of hard capsules, to private equity firm KKR & Co for nearly $2.38 billion.