IBT Staff Reporter

Brent crude prices reversed after jumping back above $118 a barrel on Monday, and U.S. oil pared gains after concerns about Libya's conflict and the threat of wider supply disruptions in the Middle East lifted it to the highest level since September 2008.

Bank of America Corp on Monday said that it has named Stuart Hendel, the global head of the prime brokerage business at rival Swiss bank UBS AG , as head of its own global prime brokerage division.

Human Genome Sciences Inc's lupus drug is poised to win clearance this week, offering patients the first approved treatment option in a half-century and setting the company up for blockbuster sales.

Technology stocks sold off after a brokerage downgrade on Monday, leading the market lower, while uncertainty over higher oil prices looked set to drive volatility in the days ahead.

Wells Fargo & Co will by mid-May hire more than 1,000 people for its retail banking operations in the mid-Atlantic region, ahead of a planned fall rebranding of its Wachovia locations.

Proud of its age-old traditions, Wimbledon has embraced the rapid changes in technology in recent years as smoothly as a Roger Federer forehand and now the world's most prestigious tennis tournament is going 3D.

Wall Street bank Morgan Stanley has stopped trading oil with Libya, a trade source said on Monday, in an early indication that U.S. sanctions could further hit exports from the north African producer.

Adobe takes its publishing software into the age of the tablet with its upcoming enterprise publishing suite release.

A Metrico study says that AT&T has the upper hand in data transfer speeds.

NEW YORK, March 7 - When the Securities and Exchange Commission brought charges against former Goldman Sachs director Rajat Gupta in an administrative proceeding -- rather than in federal court -- it signaled a possible new front in the SEC's pursuit of insider-trading cases.

Boeing Co said on Monday it began incorporating required changes to its long-delayed 787 Dreamliner to move the program toward certification this year by aviation authorities.

Isolated spikes of Internet activity showed up in Libya over the weekend, according to Google's Transparency Report, but it is intermittent and Libya is still largely cut off from the rest of the world.

Internet entrepreneur Art Norins was sick of the nonstop phone calls and e-mails from people seeking to buy shares of his company.

Municipal bond underwriters are under investigation by the Financial Industry Regulatory Authority to see if firms are funding lavish entertainment for rating agency executives as well as public officials from towns and cities, FINRA Chief Executive Richard Ketchum said Monday.

The Federal Reserve's $600 billion bond purchase program will be completed as planned, top Fed officials signaled on Monday, though they saw heightened economic uncertainty from unrest in the Middle East.

Technology shares led U.S. stocks lower after a downgrade of semiconductors on Monday, helping push the sector below a key technical level, which could mean further losses.

Brent crude prices turned lower after pushing back above $118 a barrel on Monday, and U.S. oil pared gains after concerns about Libya's conflict and the threat of wider supply disruptions in the Middle East lifted it to the highest level since September 2008.

Shares of Atrinsic more than doubled after the company said its popular Kazaa digital music service could be accessed without an application, in a move that could help it skirt Apple Inc's plans to take a cut on revenue generated from sale of online subscriptions through its App Store.

New Barclays boss Bob Diamond and his two replacements as head of the investment banking arm were paid 28 million pounds ($45 million) last year, with the trio also receiving shares worth 40 million pounds for past performance.

The crew of the space shuttle Discovery gets a message from Captain Kirk.

Here's the list of the top 10 celebrities with the most Twitter followers.

Sen. Mark Miller, the leader of 14 Wisconsin Democrats who fled to Illinois to delay a bill that would weaken public unions, has proposed an in-person meeting with Gov. Scott Walker and the lead Republican in the state Senate, Scott Fitzgerald.

French luxury group LVMH is buying Italian peer Bulgari for 3.7 billion euros ($5.2 billion), adding luster to its jewelry business and broadening its exposure to emerging markets.

Leave it to a hedge fund named for a philosophical Roman emperor to try to turn a contentious corporate bankruptcy into a campaign for decency and morality.

LOS ANGELES - Winning, indeed.

Stocks fell further in early afternoon trading on Monday, with the Nasdaq declining more than 2 percent and the Dow and S&P 500 down more than 1 percent each.

LOS ANGELES - Winning, indeed.

Manchester United did not provide any post-match comments after Sunday's 3-1 loss at Liverpool, with manager Sir Alex Ferguson and assistant Mike Phelan refusing to face the media.

Just one word ... plastics.That well-known line from the classic 1967 movie The Graduate may sum up the recent investment strategy of some top hedge fund managers, including James Dinan and David Einhorn.