IBT Staff Reporter

China's Huawei Technologies Co Ltd has filed a lawsuit to block Motorola from selling one of its business units to Nokia Siemens Networks, demanding that the $1.2 billion deal be altered to avoid infringing on intellectual property rights.

Wesdome Gold Mines Ltd said fourth-quarter gold production rose 2 percent to 21,500 ounces and forecast higher output in 2011. The company sees overall production of more than 70,000 ounces in 2011, helped by initial production at its Mishi mine in Ontario.

Intel Corp boosted its share buyback plan by $10 billion, seeking to revitalize its flagging stock amid criticism it is getting left behind by rivals like Nvidia in a red-hot, fast-moving mobile market.

Startup website Foursquare has enough money to last it through to the end of the year and is in no rush for a sale or public offering, despite new competition from Facebook, co-founder Dennis Crowley said.

Three competing, politically charged tales of the financial crisis will emerge this week when a U.S. congressional panel finally concludes its 20-month investigation.

American Express Co said fourth-quarter revenue grew 13 percent from a year earlier, as consumer spending increased and the company earned more from fees.

Toshiba Corp is hammering out a deal to outsource fabrication of advanced system chips to U.S. firm GlobalFoundries, the Nikkei business daily reported, citing company sources.

A report from research firm eMarketer says Twitter's revenue will triple in 2011.

A slew of small security software developers are helping Apple's iPhone gain a foothold within corporations that were once the exclusive domain of Research In Motion's BlackBerry.

U.S. stocks advanced on restructuring news, strong economic forecast

A leaked slide underscores Nvidia's bet that content will drive smartphone sales.

McDonald's Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 percent of its food preparation costs.

Three competing, politically charged tales of the financial crisis will emerge this week when a U.S. congressional panel finally concludes its 20-month investigation.

Gold turned weaker on technical selling on Monday, after the metal initially rose as a lower dollar and lingering worries about an European debt crisis helped recoup some lost ground from a two-month low last week.

Wall Street resumed its rally on Monday, led by natural resources and tech shares as investors saw stocks regaining momentum lost late last week.

Hollywood announces its list of nominees for people being bad at their jobs.

The U.S. Securities and Exchange Commission is investigating dealings between former Massachusetts Treasurer Timothy Cahill and a former top aide who now works at Goldman Sachs .

Rahm Emanuel, President Obama’s former, hardnosed Chief of Staff, was kicked off the ballot for mayor of Chicago today by an Illinois appellate court.

Wall Street resumed its rally on Monday, led by natural resources and tech shares as investors saw stocks regaining momentum lost late last week.

Wall Street rose on Monday, led by natural resource companies on bets on global growth and a share-buyback plan by Intel that lifted the large-cap technology sector.

In a speech to about 300 reporters in Paris today, Sakozy said the G20’s aim is to reduce volatility in the commodities and currencies markets by broadening the role of the International Monetary Fund (IMF) and to smooth out the current imbalance of power in global economic governance.

Plans to saddle large banks with extra safeguards would make the financial system more unstable and could increase the number of too big to fail institutions, a leading bank lobby group warned on Monday.

(Deletes paragraph 13 of Jan. 19 story to reflect that Thomson Reuters I/B/E/S changed comparable EPS to $3.79 from $4.11. Error first appeared in UPDATE 5.)

ZURICH (Reuters Life!) - Luxury watchmakers are increasingly turning to online social network sites and forums to promote their products and satisfy a growing appetite for information about luxury timepieces, particularly in China.

ARLINGTON, Virginia (Reuters Life!) - Brie Hall felt awkward the first few times she passed the collection basket at her Catholic church without tossing in a donation envelope.

Oilfield service company Halliburton Co posted higher-than-expected profits, boosted by oil projects in North America, and forecast steady growth elsewhere, but said pricing competition could be tough.

Twitter is set to triple its advertising revenue this year and could generate $250 million in ad revenue in 2012, according to an industry research firm's projection.

McDonald's Corp reported weaker-than-expected December sales at established European and U.S. restaurants as poor weather hurt demand, and said its food costs would rise in 2011.

Nearly four out of five women and three of five men say they believe texting, Facebook and other social media tools for staying connected cause new couples to jump into bed faster, a survey released on Monday found.