IBT Staff Reporter

A measure of factory activity in the U.S. Midwest rose to a 22-1/2 year high in January on strong orders and employment prospects, bolstering hopes the economy would stay on a solid growth path this year.

Attributes statement to spokesman on behalf of trade commissioner, paragraphs 5-6

Intel Corp on Monday cut its first quarter revenue forecast by $300 million due to the costs associated with correcting a design flaw it discovered in one of its chips.

Intel Corp cut its first-quarter revenue forecast by $300 million on Monday because of costs associated with correcting a design flaw it discovered in one of its chips.

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar.

Chrysler Group LLC, the automaker managed by Fiat SpA, projected its sales would grow by a third in 2011, outpacing gains by the industry in a recovering market on the strength of revamped models.

Israeli mobile chip company Ceva forecast strong growth in 2011 after higher phone sales by customers like Nokia and Samsung <005930.KS> helped drive it to a record profit in 2010's final quarter.

Goldman Sachs Group Inc vice president Fabrice Tourre lost his bid to delay depositions in a U.S. regulator's lawsuit accusing him of misleading investors about a product linked to subprime mortgages.

A coalition of groups on Monday has called for a march of 1 million protesters in Cairo on Tuesday. It is unclear what the groups' agenda will be, although many of the protesters in the streets over the last several days have been calling for the resignation of President Hosni Mubarak.

U.S. stocks were set for a higher open on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East.

The iPad 2 will include a pair of cameras and thinner, less reflective screen, a report says.

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar.

Baidu Inc's fourth quarter earnings could provide the catalyst for the Chinese search engine's shares to break out of their near five-month range.

U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.

U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.

Intel says the problem, which will cost the company one billion overall, would have impacted a limited number of systems but still didn't meet its quality standards.

AMB Property Corp has struck a deal to acquire rival ProLogis in one of the biggest real-estate deals since the financial crisis, creating the largest U.S. owner of warehouse and distribution centers.

Katey Sagal, the Golden Globe Award winning actress, and her husband, writer/producer Kurt Sutter, have sold their Hollywood Hills, Calif., home for $3.77 million to downsize to a home in West Bel Air.

Carlos Pena Jr., actor, singer and tween idol, has bought a Mediterranean-style home in the San Fernando Valley for around $1.5 million.

Barry Manilow, an American singer–songwriter, musician, arranger, producer, conductor, and performer, dropped the price of his Malibu Beach house to $7,991,938 after trying to unload it for nearly two years.

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit as an improving world economy sparked higher demand for fuel and chemicals as crude oil prices rose.

Intel says one of the support chip sets on its Sandy Bridge processor is flawed and needs to updated.

Chrysler Group LLC, the automaker managed by Fiat SpA, reported a net loss for the fourth quarter and projected profits in 2011, the year it plans to go public.

Facebook expanded its shopping discount service to five European countries and Canada on Monday, part of its push to help brands communicate with its users.

U.S. biotechnology company Genzyme Corp and Sanofi-Aventis have executed a nondisclosure agreement, effectively giving the French company the ability to examine Genzyme's books as they continue talks on a possible merger.

U.S> stocks, led by AMD and Exxon Mobil, are up slightly today

Shares of coal miner Massey Energy surged 13 percent in premarket trading on Monday, the first trading day after rival Alpha Natural Resources agreed to buy it in a $7 billion deal.

An elected parliament convened in Myanmar on Monday for the first time in half a century but inspired scant enthusiasm among a sceptical public convinced it is just a smokescreen for continued military rule.

Neiba scrapes out a meagre income selling soil-caked clumps of wild garlic she picks in the forests of Russia's poorest province -- an occupation a growing Islamic insurgency has made increasingly hazardous.