IBT Staff Reporter

Hotels, energy and financial services conglomerate Loews Corp reported a better-than-expected 16 percent increase in quarterly profit, helped by higher net investment income from its limited partnerships.

France's Sanofi-Aventis was closing in on a roughly $20 billion deal to buy U.S. biotech group Genzyme while pausing to take a final look at the books, sources familiar with the matter said.

The program secures pre-admission for university students in the IESE Business School's MBA class and also places them in a prominent firm for two years at least so that they fulfill the experiential requirements of the prestigious full time program.

World stocks rose on Monday, hovering near a 29-month high on further signs of global economic recovery, and copper rallied to a record high while U.S. 10-year Treasury yields hit their highest since May.

As dust settles down after a 12-day uprising from citizens of Egypt, leaving scores of people dead and many injured, citizens have come up with a novel idea to remember the martyrs of the uprising.

A dossier of official documents giving insights into the release of the Lockerbie bomber is due to be published this week.

The U.S. Food and Drug Administration has approved a new mobile radiology application that allows doctors to see medical images and make diagnoses on Apple's iPhone and iPad. The Mobile MIM app should be available in Apple’s U.S. App Store next week.

All car lovers only dreamt of owning a flying car, but soon this will turn into reality and will be able to fly one next year.

Black Eyed Peas' Will.i.am steals Super Bowl show with a tweak in the lyrics of 'Where is the Love?' to invoke President Obama and a post-show tweet on AT&T network.

Dutch biotech Crucell swung to a full-year loss, hit by a vaccine impairment charge and higher operating costs, but said on Monday Korean regulators back the resumption of production at its key Korean facility.

Randgold Resources sees a surge in production for 2011 as it reported a 43 percent rise in full-year profit in spite of operational and political setbacks. The company, which boosted its annual dividend by 18 percent to 20 cents, forecasts production to be between 750,000 and 790,000 ounces for 2011.

World stocks rose on Monday, hovering near a 29-month high on further signs of global economic recovery, and copper rallied to a record high while U.S. 10-year Treasury yields hit their highest in 10 months.

New car registration in January fell by 11.5 percent compared to the same period a year ago.

When the world's batsmen dazzle crowds at this month's cricket World Cup, many will use bats hand-made in India. But lucrative global branding that masks the bats' true makers threatens the country's craftsmen.

France's Sanofi-Aventis and U.S. biotech Genzyme kept investors in suspense about their $20 billion transatlantic pharmaceuticals merger on Monday, as sources predicted a deal within days.

U.S. crude futures edged above $89.05 a barrel on Monday, recovering from a near 2 percent drop in the previous session, supported by the political crisis in Egypt and a drop in the U.S. unemployment rate to a 21-month low.

U.S. oil and gas firm Anadarko Petroleum Corp said on Monday it had made its fourth natural gas discovery in the Rovuma Basin, the latest in a string of major deepwater natural gas discoveries off the coast of Mozambique.

South Africa's Harmony Gold more than doubled its second-quarter earnings on Monday, boosted by record gold prices and said it was on track to meet its long-term production targets.

The Australian government's support has slipped to dangerously low levels following a summer of natural disasters and as Prime Minister Julia Gillard fights for a new tax to pay for flood and cyclone reconstruction, a new poll found on Monday.

The party of Myanmar pro-democracy leader Aung San Suu Kyi recommended on Monday maintaining Western sanctions on the country, saying the embargoes affected the military regime and not the broader population.

The rupee steadied on Monday after rising early, tracking the domestic sharemarket and some dollar inflows, but traders expected it to remain range bound during the day.

Tunisia suspended activities of the former ruling party Sunday, saying it acted to prevent a breakdown in security after some of the worst unrest since the president was ousted in a revolt last month.

A fishing boat carrying 31 North Koreans has drifted across a tense border near a South Korean island shelled by the North last year, local media reported on Monday.

A mutiny by Sudanese troops refusing to leave the south ahead of its expected independence has spread through towns in an oil-producing state, with at least 50 people killed in the past four days, officials said.

Two Americans held in Iran for the last 18 months on suspicion of espionage pleaded not guilty in court on Sunday on the first day of their closed-door trial, state television reported.

Thai and Cambodian troops clashed for a fourth straight day Monday over a disputed border area surrounding a 900-year-old Hindu temple as Cambodia urged the U.N. Security Council to intervene.

President Hosni Mubarak held onto power Monday, defying a popular uprising against his autocratic rule, after the government opened talks with opposition groups to resolve Egypt's deepest crisis in 30 years.

AOL Inc will acquire the Huffington Post in a $315 million deal that creates an unlikely pairing of two online media giants, the New York Times reported on Monday.

South Sudanese leaders said on Sunday they were considering building a new capital after their expected independence as the current hub Juba lacked infrastructure and space for new business.