IBT Staff Reporter

EBay Inc plans to buy e-commerce company GSI Commerce for $1.96 billion in cash in a bid to draw more buyers and sellers to its online marketplaces.

American Apparel Inc Chief Executive Dov Charney bought 1.8 million shares in the struggling clothing chain, raising his stake in the company to about 54 percent.

Google is in the throes of crafting a Nexus Android 3.0 or Honeycomb-based tablet with LG according to reports.

Five new titles will join Warner Bros. The Dark Knight

Apple announced it will hold its annual Worldwide Developer’s Conference this June in San Francisco.

U.S. stocks edged higher on Monday as an upgrade of telecom shares and a rise in February consumer spending lifted sentiment, though overseas concerns could add to volatile trading.

Comedy Central hosted its first ever Comedy Awards Saturday night and David Letterman and Tina Fey won big.

Japan's Nuclear and Industrial Safety Agency said it detected several kinds of radioactive material in the water on the floor of reactor buildings at the Fukushima Daiichi nuclear power plant.

U.S. consumer spending rose slightly more than expected in February for the eighth straight month of gains as households tapped their savings, government data showed on Monday, while inflation accelerated at its fastest pace since June 2009.

Pending sales of previously owned U.S. homes unexpectedly rose in February, a trade group said on Monday, pointing to a modest pick-up in home sales.

Oil retreated on Monday, with both U.S. and Brent crude futures slipping over a dollar, after Libyan rebels regained control of key oil towns and the dollar firmed on hawkish comments from a U.S. central banker.

According to producers of the upcoming Superman film, actress Amy Adams has been cast as Lois Lane.

Consumer goods giants Procter & Gamble and Unilever will both raise detergent and soap prices in China by up to 15 percent next month, local media reported, underscoring the battle the government faces with inflation.

Muammar Gaddafi's daughter Aisha Gaddafi described as the Claudia Schiffer of North Africa by the Arabic press could have easily graced the pages of Vogue magazine but she opted for a role to further her father's cause.

U.S. Secretary of State Hillary Clinton said on Sunday that the U.S. will not be entering the conflict in Syria the way it has entered the conflict in Libya.

US stocks opened higher in early trade on Monday, with the S&P 500 Index gaining 2.49 points, or 0.19 percent, to trade at 1,315.76. The Dow Jones Industrial Average is up 18.31 points, or 0.15 percent, to trade at 12,238.90. The Nasdaq Composite Index advanced 0.28 percent.

U.S. stock index futures pointed to a flat open following three days of gains on Monday, though developments in Japan, Libya and the Middle East kept alive the potential for volatile trading.

After more than two and a half decades on air, television talk-show mogul, Oprah Winfrey, announced the date of her last show.

Brazil's friendly victory over Scotland was marred by a racism row over Brazil striker Neymar after a banana was thrown on to the field while he was lining-up a penalty at the Emirates Stadium, London.

Egypt's first parliamentary election since the fall of president Hosni Mubarak will be conducted in September, a member of the Supreme Council of the Armed Forces (SCAF) confirmed on Monday.

Ruling out laymen speculation on a connection between the earthquakes that have stuck nations across the world including the powerful Christchurch and Japan ones, a new study has found that large quakes do not cause temblors in far away lands.

U.S. stock index futures rose on Monday, building on three sessions of gains, though developments in Japan and Libya remained in view, suggesting further volatility ahead.

Japan's disaster is not expected to hit Philip Morris International Inc's profits or sales there, the tobacco company said on Monday.

Chinese police have arrested prominent writer Ran Yunfei for challenging the ruling Communist Party, people close to the blogger said on Monday, the latest in a string of arrests in a deepening crackdown on dissent.

Real Madrid manager Jose Mourinho admitted that he was just hours away from accepting the England manager's job in 2007 before the appointment of Fabio Capello.

U.S. stock index futures were little changed on Monday as foreign headwinds remained in view following three days of U.S. equities gains, suggesting the recent period of volatility wasn't over.

Parents whose hectic schedules mean they can't be at home when their children go to bed can now buy an app which enables them to read their youngsters a goodnight story or sing them a lullaby from afar.

Italy's embattled Prime Minister Silvio Berlusconi made a rare appearance in a court in Milan on Monday at the preliminary hearing of a case over allegations of fraud and embezzlement during the purchase of television broadcasting rights for inflated prices.

Portugal has become the first country to meet Europe Union fuel-efficiency goals for cars, and Japan's Toyota is the brand that is closest to meeting the same target across Europe, a report showed on Monday.