IBT Staff Reporter

Brent crude oil prices fell more than 1 percent on Monday, reversing steep early gains as traders assessed efforts to stem the conflict in Libya and took profits in Brent's unprecedented premium to U.S. futures.

OPEC member Algeria is concerned about Libyan supply disruptions but sees no physical crude oil shortages globally, the country's oil minister said on Monday.

U.S. oil futures eased from a two-and-a-half year high and the euro stalled on Tuesday, while Asian stocks remained under pressure as investors fretted that higher energy prices would stunt the global economic recovery.

A new poll shows young drivers are more likely to use cell phones while driving, and that 30 percent of them have recently texted from behind the wheel, transportation officials said on Monday.

Chrysler's market value increased nearly fivefold during its first 18 months managed by Fiat SpA and its top executive Sergio Marchionne, according to a valuation provided by the company.

A U.S. judge on Monday halted enforcement of an $8.6 billion award against Chevron Corp , siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution.

A U.S. judge on Monday halted enforcement of an $8.6 billion award against Chevron Corp , siding with the oil company against Ecuadorian plaintiffs in a long-running dispute over Amazon rain forest pollution.

Securities industry regulators are investigating municipal bond underwriters over excessive expenses in entertaining officials of credit rating agencies, bond issuers and their families to drum up business.

A Connecticut hedge fund manager pleaded guilty on Monday to running a multiyear Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars, U.S. prosecutors said.

Opera Software unveiled on Monday a deal with privately-held Appia Inc to run a mobile software store for more than 100 million users of mobile browsers of the Norwegian firm.

Record-high food prices could be the tipping point this year for U.S. restaurants already struggling with high debt loads and tight-fisted consumers.

Bill Gates didn't lose his title as the world's richest man last year; he gave it away by plowing billions into his charitable foundation, experts say.

Bill Gates didn't lose his title as the world's richest man last year, he gave it away by plowing billions into his charitable foundation, experts say.

Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday.

Announced in February, the deal between Nokia and Microsoft has Redmond spending significant sums.

A Connecticut hedge fund manager pleaded guilty on Monday to running a multiyear Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars, U.S. prosecutors said.

Morgan Stanley is considering dropping the Smith Barney name from its brokerage joint venture less than two years after it closed the deal, according to the Wall Street Journal, citing sources.

Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday.

Charlie Sheen officially fired from Two and a Half Men

There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.

Shortly after an executive's comments decrying the Galaxy Tab 10.1, Samsung is denying that it is altering the tablet's design.

With an aluminum back an internal antenna, Apple's iPhone 5 may be headed back to familiar territory.

William Shatner gives the the crew members of the space shuttle Discovery and its crew members an epic wake up call.

Pablo Picasso's most expensive ever painting, which was never revealed to the public for the last 50 years, will now go on display, the AFP has reported.

France's finance ministry was subject to a cyber attack in December targeting information related to its presidency of the Group of 20 nations, officials said on Monday.

After 19 months, the Iranian government restored access to YouTube, roughly coinciding with the anniversary of the Islamic revolution.

Unrest in the Middle East and North Africa has generated a fear factor that drove up oil prices, and growth forecasts could be at risk if those gains are sustained, a top IMF official said on Monday.

Harry Potter actress Emma Watson is taking a break from her academics to focus on her acting career, People.com reports.

Charlie Sheen is hiring a social media intern for the Summer of 2011.