IBT Staff Reporter

The U.S. economy still needs support from the Federal Reserve's full $600 billion planned bond purchases, despite signs its recovery is becoming self sustaining, top Fed officials said on Monday.

The U.S. Federal Reserve Bank should complete its planned $600 billion in bond purchases, but probably does not need to do buy additional bonds to support the economy, a top Fed official said on Monday.

Sprint Nextel urged regulators to block AT&T Inc's $39 billion bid to buy Deutsche Telekom AG's T-Mobile USA.

The owners of a California Web site that sold Beatles songs for 25 cents each before they went on sale legally through iTunes have agreed to pay the band's EMI Group label $950,000 to settle a copyright infringement lawsuit, court papers showed on Monday.

Surging U.S. gas and food prices are unlikely to trigger a broad rise in costs that would force the U.S. Federal Reserve to reverse its ultra-loose monetary policy stance, a top Fed official said on Monday.

Stocks fell on Monday as the corporate outlook was clouded ahead of earnings and uncertainty continued to creep from abroad, while volume hit its lowest level of the year.

Chances for a deal this year in long-running world trade talks are fading and likely will remain remote unless world leaders become personally involved, an influential U.S. business group said on Monday.

Online auction site eBay Inc moved to bolster its ability to take on No. 1 Web retailer Amazon.com Inc with a $1.96 billion takeover bid for e-commerce service provider GSI Commerce.

Kindle owners who subscribe to The New York Times via the e-reader will get free access to the newspaper's website, Amazon said

Researchers at the University of Edinburgh have created a tiny device that improves on existing forms of memory storage, opening the way to fast MP3 players, smartphones and cameras that use much less energy than current models.

Intel's next generation of SSD products are faster, have higher capacity and use the 25 nanometer NAND flash memory process.

U.S. shoppers awaiting the day they can wave their cellphones at the check-out counter to buy everything from books to shoes should hang onto their wallets a while longer.

U.K. Prime Minister David Cameron and French President Nicolas Sarkozy called on Libyan's to organize a transition that will oust current Libyan Leader Muammar Gaddafi from power.

The total bill for materials in a Nintendo 3DS is about $100, a 33 percent increase over the previous incarnations of the device.

Stocks fell on Monday as the corporate outlook was clouded ahead of earnings and uncertainty continued to creep from abroad, while volume hit its lowest level of the year.

Twitter co-founder Jack Dorsey is returning to the microblogging company to oversee product development, even as one of Twitter's other founding members cuts back his involvement, the company said on Monday.

NASA says there isn't enough time to test out 3D cameras for the next Mars Rover.

Following the catastrophic earthquake and tsunami that devastated Japan earlier this month, a Canadian broadcaster has pulled episodes of The Simpsons from its rotation.

U.S. consumers increased spending for an eighth straight month in February, but much of the gain went to cover rising food and energy costs, providing only a modest lift to the economy.

Volkswagen AG's U.S. unit recalled more than 71,000 Jetta sedans due to a defect in the wiring system controlling the car horn that can cause the car to stall, a company spokeswoman said on Monday.

Hurt by Japan's devastating earthquake and tsunami, IT vendors NEC Corp <6701.T> and Fujitsu Ltd <6702.T> have decided to refrain from making personnel and organizational changes, previously scheduled for April 1, the Nikkei business daily reported.

Nintendo is rumored to have remotely-activated software that can brick a 3DS if it detects pirated games.

A new study from McAfee says more cybercriminals are focused on corporate data, rather than individual people.

Taylor's jewel collection is estimated to be worth approximately $150 million.

U.S. crude fell on Monday for a third day in the lowest trading volume of the year, as Libyan rebels regained key territory and redoubled efforts to resume oil exports from the OPEC country.

World number two Novak Djokovic eased into the fourth round of the Sony Ericsson Open in Miami with a comfortable 6-2 6-0 victory over American James Blake.

Facebook founder Mark Zuckerberg lives in California and not in New York, a judge ruled, a setback to a businessman who claims in a lawsuit that he is entitled to a majority stake in the company.

The U.S. economy is on track for a sustained recovery but remains sufficiently weak to warrant the help of loose monetary policy, Atlanta Federal Reserve President Dennis Lockhart said on Monday.

Brent was flat and U.S. oil pared losses on Monday in the weakest trading volume this year, with traders awaiting further evidence that Libya could resume crippled oil exports after rebels regained key territory.