IBT Staff Reporter

Exxon Mobil said on Monday it had restarted 15,000 barrels per day of Nigerian Oso condensate production, which was shut in following a militant raid on an offshore platform on November 14.

Heavy snow and ice grounded air travel across Europe for a third day on Monday leaving thousands of passengers stranded even as airports struggled to clear a backlog of flights cancelled or delayed by snowfalls.

Telecom bellwether AT&T announced its acquisition of wireless spectrum from chipmaker Qualcomm for $1.925 billion to strengthen its advanced 4G mobile broadband offering.

U.S. bank JPMorgan has bought two major office properties in London, including the former Lehman Brothers building, holding off on plans to build a skyscraper as its main European headquarters.

A key cooperating witness in the U.S. government's probe of insider trading was a technology analyst named Karl Motey who made dozens of calls to gather evidence for the government, the Wall Street Journal reported on Monday, citing a person familiar with the case.

When Hal Scott testified on financial reform before the Senate last February, he identified himself simply as a Harvard Law School professor and director of an independent research group.

Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young LLC over the collapse of Lehman Brothers Holdings Inc, the Wall Street Journal said on Monday, citing people familiar with the matter.

U.S. online sales are up 12 percent to $27.5 billion so far this holiday shopping season compared with a year ago, according to research firm comScore.

After being crowned Time Person of the Year Facebook CEO Mark Zuckerberg is in China and is reported to have visited China's top search engine, Baidu's office.

Barclays Capital raised profit estimates of Research In Motion Ltd., saying Playbook tablet and QNX phone visibility is improving, and continued international strength appeared sustainable

Since losing her job last April, Laurianne Dobbins has known one thing: she wasn't going to let her skills get rusty.

Stocks drifted on Monday as investors were reluctant to push stocks higher after briefly touching another high for the year.

The first round of cuts in government funding to universities is likely to cost £300-400m in grant money to universities this year.

Google Inc., the company known for innovation, has stumbled in what was to be its main offering this holiday season. It has asked several of its partners to delay their rollouts of Google TV so that the company can further refine it.

South Africa wrapped up proceedings early on the final day to win the first test against India and take the series lead 1-0 at The Centurion, Pretoria.

Five focus areas that every aspirant of an Executive MBA should spend some time on before arriving at a final decision and choice of destination

Bluewater Productions has come out with a comic book on Britney Spears’ life.

The European Union agreed on Monday to ban Cote d'Ivoire's incumbent President, Laurent Gbagbo and his aides, the BBC reported. The Gbagbo regime is likely to be slapped with harsh sanctions from the West. The sanction could also include freezing the personal overseas assets of the president and his men and issuing visa bans.

No. 2 U.S. mobile service AT&T Inc said it agreed to buy mobile television spectrum licenses from Qualcomm Inc for $1.93 billion, to provide advanced 4G mobile broadband.

Genzyme Corp , which is fighting off a hostile $18.5 billion bid from Sanofi-Aventis SA , is taking another stab at persuading investors that its experimental multiple sclerosis drug is worth more than Sanofi's projections.

The European Central Bank (ECB) has expressed concerns about some of the points in the Credit Institutions Bill that is being proposed by Ireland as part of a restructuring of its banking system.

China would invest about $20 billion in Pakistan in the next 3 years, according to a communiqué issued by the two countries on Sunday.

Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young LLC over the collapse of Lehman Brothers Holdings Inc, the Wall Street Journal said on Monday, citing people familiar with the matter.

Ford Motor Co will introduce a seven-passenger C-Max minivan to the North American market in 2012, a vehicle that is smaller than most current minivans in an effort aimed at young families.

Inception really got into the minds of users at IMDB.com.

The Federal Reserve's $600 billion bond buying program has been at least modestly successful so far, St Louis Fed President James Bullard told the CNBC TV business channel on Monday.

U.S. energy firm Chevron said on Monday it had suspended production from an oil pipeline in Nigeria's Delta state, which was breached on Friday. Chevron said it was investigating the damage to the Dibi-Abiteye pipeline, which feeds the Escravos oil stream, but did not comment on how much production would be lost.

U.S. stocks were set for a higher open on Monday with Wall Street looking to extend three weeks of gains as some investors said shares could rally in a thinly traded, holiday-shortened week.

Online spending in the United States rose 12 percent to $27.5 billion till date this holiday shopping season. Free Shipping Day punctuated an exceptional week in which consumers spent more than $5.5 billion online, representing a 14 percent increase from last year, research firm comScore said.