IBT Staff Reporter

Human Genome Sciences Inc said it is aiming to achieve multi-billion dollar revenue by 2015 as it awaits approval for its experimental lupus treatment Benlysta in March.

The Gold Price in Euros whipped within 1.5% of last month's all-time record highs in London trade on Monday, as weaker-economy Eurozone bonds fell sharply on a raft of bail-out rumors and leaks.

Corporate earnings promise to beat analysts' expectations for the just-completed fourth quarter, but translating the good news into strong stock gains will be challenging for investors.

U.S. retail sales rose 4 percent during the 2010 holiday season, and should rise 2.2 percent in the first quarter of 2011, research firm ShopperTrak said on Monday.

Research In Motion, maker of BlackBerry smart phone, on Monday said it will filter websites in Indonesia very soon following the government’s threat to curtail its services in the country if it fails to block access to pornographic sites.

The Trans Alaska Pipeline was shut for a third day on Monday with no timeline for resuming oil flows after a leak forced producers to cut Prudhoe Bay output from 630,000 barrels per day to a trickle.

Apple has recommended its shareholders to vote against the demand for a CEO succession plan at the Annual Meeting of shareholders in February.

U.S. stocks lost ground on Monday, with the Dow and S&P 500 heading for a third straight session of losses, as a once-buoyant market sagged at the start of the earnings season.

Corrects to clarify that Volkswagen's new plant in Tennessee will be its first U.S. plant since the 1980s, not its first-ever U.S. plant, paragraph 19

The European Central Bank threw Portugal a temporary lifeline on Monday by buying up its bonds, traders said, as market and peer pressure mounted for Lisbon to seek an international bailout soon.

Hugh Hefner, whose Playboy magazine first exposed many Americans to the possibilities of sexual freedom during the buttoned-up 1950s, is taking the bunny private.

The North American International Auto Show opened on Monday with fresh signs the comeback by U.S. carmakers is gaining traction.

Research In Motion said on Monday it will filter pornographic Internet content for its BlackBerry smartphone users in Indonesia, following government pressure to restrict access to porn sites or face its browsing service being shut down.

Ocean warming of up to 5 degree Celsius is likely to trigger widespread collapse of the West Antarctic ice sheet by the year 3000 as well as lift sea levels by 4 meters (13 feet), says a study.

In January 9 story, corrects to clarify that Volkswagen's new plant in Tennessee will be its first U.S. plant since the 980s, not its first-ever U.S. plant, paragraph 15

Cristiano Ronaldo's hat-trick helped second-placed Real Madrid overcome third-placed Villarreal 4-2 in a hard-fought encounter at the Santiago Bernabeu, while a Messi-inspired Barcelona extended their unbeaten run in the league to 26 matches with a 4-0 win at Deportivo Coruna.

News Corp's Myspace the struggling social network site, the could be Facebook site is due to lay off 500 to 600 employees.

U.S. stocks fell for a third straight session on Monday as a previously buoyant market limped into earnings season.

The Supreme Court on Monday declined to review a ruling that reinstated an antitrust lawsuit alleging major record labels conspired to fix prices and terms under which music would be sold over the Internet.

Online music sites are still around and still popular, as seen by the latest investment into SoundCloud, a Germany-based file sharing service.

Three among the United States' premier universities find a place among the top 5 in University of Indonesia's Green Metric Ranking of World Universities for 2010

Nasdaq-listed iGate, owned by former marketing head of Infosys Phaneesh Murthy, on Monday said it has bought nearly 63 percent stake in India’s sixth biggest software exporter Patni Computer Systems for $1.22 billion in shares.

A top Federal Reserve official said he would set the bar very high for the central bank to stop short in its planned $600 billion in bond purchases, but that the Fed may need to begin considering a reversal of policy by year end.

Many of the U.S. economic indicators, including the unemployment data on Friday, over the past few weeks have given rise to the false belief that the economy is finally improving.

Twitter's fight to make public the fact that it has been subpoenaed by the U.S. government seeking details about all WikiLeaks-related accounts has now put the light on other internet majors such as Google Inc and Facebook.

Genzyme Corp shares rose more than 3 percent on Monday after French drugmaker Sanofi-Aventis confirmed the companies were in direct talks about a takeover deal.

Astronomers have discovered a supermassive black hole in a dwarf galaxy, giving new clues about a very early phase of galaxy evolution that has not been observed before.

U.S. stock index futures pointed to a lower open on Monday as renewed concerns about the euro zone sovereign debt crisis overshadowed the lift from several large acquisitions.

Meet the hard drive that is almost battle worthy, capable enough to survive the ravages of Iraq or Afghanistan - the IoSafe Rugged Portable, showcased at CES 2011.