IBT Staff Reporter

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U.S. oil hits 2.5-year high, Brent nears $120

North Sea Brent crude oil hit a 2-1/2-year high of almost $120 a barrel on Monday as unrest in the Middle East and North Africa kept the focus on oil supplies as economic growth bolstered demand for fuel.

FT won't give up subscriber relationship to Apple

The Financial Times wants to keep selling subscriptions for its digital news directly to readers rather than surrender control of new customers who sign up via Apple's iPad, the managing director of FT.com said.

Beazer gets into used home business

Homebuilder Beazer Homes is moving into the used homes business, starting a new division to buy recently built houses that it will rent out in a depressed U.S. housing market where many people are having trouble qualifying for home loans.

Vodafone SFR deal reflects wider industry changes

Vodafone's exit from France's SFR marks another step in the revamp of its portfolio and reflects how Europe's telecom giants are ditching weaker assets to achieve scale elsewhere ahead of a wave of big investments.

Gold Bullish, Silver Called A Classic Bubble

The Gold Price rose early Monday in London, nearing last week's high of $1439 per ounce as energy prices led a surge in commodity prices and Silver Bullion jumped 1.9% to fresh 31-year highs.

McDonald's hiring 50,000 workers in U.S.

Fast-food chain McDonald's Corp said on Monday that it plans to hire as many as 50,000 U.S. additional employees later this month, citing improvements in its domestic business in recent months.

TEPCO To Dump Radioactive Water Into Pacific

Tokyo Electric Power Company says it is releasing radioactive water into the ocean so as to leave space in the stricken Fukushima Daiichi nuclear power plant for water that is more contaminated.

Nokia says Microsoft talks on schedule

Talks between Nokia, the world's largest cellphone maker by volume, and Microsoft on a software deal are on schedule and a large number of Nokia Windows phones should be sold in 2012.

GE's Immelt defends nuclear industry safety record

General Electric Co Chief Executive Jeffrey Immelt defended the nuclear industry's safety record on Monday during a trip to Tokyo to show support to the operator of a stricken nuclear plant using reactors designed by the U.S. conglomerate.

Pfizer Gets Refusal-To-File Letter For Tafamidis NDA

Pfizer Inc. (NYSE: PFE) said on Monday it has received a Refusal-to-File letter from the United States Food and Drug Administration (FDA) for tafamidis, the company’s oral investigational compound for patients with Transthyretin Familial Amyloid Polyneuropathy (TTR-FAP).

Brent rises above $119, U.S. oil at 2.5-year peak

Brent crude rose over $119 a barrel and U.S. crude hit a 2-1/2-year high on Monday at more than $108 as unrest in the Middle East and North Africa triggered concern that supplies could be dented while economic growth bolsters demand.

Wall Street futures signal flat to higher opening

NEW YORK Stock index futures pointed to a flat to higher opening for Wall Street on Monday, with futures for the S&P 500 up 0.1 percent, Nasdaq futures up 0.1 percent and Dow Jones futures trading flat by 0841 GMT.

Bats worth up to $53 bln to U.S. economy: study

A professor from the University of Tennessee analyzed the economic impact of the loss of bats in North America in agriculture and found it to be roughly $22.9 billion a year, with the extremes ranging as low as $3.7 and $53 billion a year.

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