IBT Staff Reporter

U.S. law enforcement is going after investment fraud.

A federal judge in California Court has ordered the destruction of genetically engineered sugar beets after finding that the United States Department of Agriculture (USDA) had likely violated federal law by allowing the plantation of the stecklings without analyzing the potential environmental impact.

Sprint Nextel promised to save up to $11 billion in the next seven years from a big network restructuring that involves eventually getting rid of the iDen network it bought from Nextel in 2005.

Jessica Hall and Dhanya SkariachanPHILADELPHIA/NEW YORK - Hedge fund manager William Ackman is raising his wager on bookseller Borders Group Inc , offering to help it buy larger rival Barnes & Noble Inc for $963.7 million.

Google officially launches its e-book endeavor.

Facebook on Sunday unveiled new profile pages that give photos center stage, allow users to highlight important friends and go into far more detail on their jobs.

HSBC Holdings Plc said claims the bank aided the fraud of convicted swindler Bernard Madoff were unfounded and it would defend itself vigorously against all Madoff-related claims.

Leading U.S. network equipment makers Cisco Systems Inc and Juniper Networks Inc both announced deals to bolster their expertise in increasingly popular cloud computing, or virtualization, technology.

Wall Street initially welcomed the abrupt departure of Pfizer Inc CEO Jeffrey Kindler, but quickly turned to questions about the condition of the pharmaceutical company and the behavior of its board.

The American people have spoken!By means of the mid-term elections the American people have sent a mandate to the American Congress. The message could not be clearer.

Worries about Europe's debt crisis frustrated investors looking for a reason to take shares to new highs for the year as major averages ended flat on Monday.

President Barack Obama on Monday urged Chinese President Hu Jintao to join the United States in denouncing North Korea's latest deadly military skirmish with South Korea and the North's pursuit of nuclear development. it marked the first time the leaders have spoken since a November 22 incident left four South Korean soldiers dead.

The Federal Reserve's move to purchase an additional $600 billion in bonds carries risks and should be reviewed on a regular basis, Richmond Fed President Jeffrey Lacker said on Monday.

Kraft Foods Inc escalated its battle with Starbucks Corp , asking a federal court to stop Starbucks from trying to sell its packaged coffee through a different distributor.

U.S. stocks ended little changed on Monday, held in check by worries about Europe's debt crisis, which frustrated investors looking for a reason to take shares to new highs for the year.

Sprint Nextel has signed a technology deal costing up to $5 billion with Alcatel-Lucent , Ericsson and Samsung <005930.KS> as it phases out an older network and looks to cut costs and pave the way toward easier future technology upgrades.

Kellogg Co named Chief Operating Officer John Bryant its new chief executive officer on Monday, replacing David Mackay, who became eligible for retirement in July.

The U.S. Supreme Court said on Monday it would decide if the largest sex-discrimination class-action lawsuit in U.S. history against Wal-Mart Stores Inc can proceed, a case involving women workers who seek billions of dollars in damages.

A top Securities and Exchange Commission official said on Monday the number of fraud schemes is on the rise, taking billions of dollars from Americans, and warned investors to be more vigilant.

The top securities regulator said on Monday that she plans to hold broker-dealers more accountable for their customers' assets after Bernard Madoff duped his clients out of billions of dollars.

Britain should have a digital hub in every community to help it build Europe's best broadband network by 2015, which could create up to 600,000 new jobs and add 18 billion pounds ($28 billion) to GDP, the government said.

The leader of Myanmar's military junta considered bidding for the popular Manchester United Football Club, US diplomatic cables revealed. Military leader Than Shwe was urged by his grandson to invest $1bn to acquire the club. Quoting a 'well connected source' of the Junta, US officials stated that Than Shwe, after contemplation, rejected the proposal.

The U.S. economy is headed for a new recession, said John Taylor, chairman and chief investment officer of FX Concepts, and that will likely benefit the dollar and weigh on commodity prices.

Kellogg Co named Chief Operating Officer John Bryant its new chief executive officer on Monday, replacing David Mackay, who became eligible for retirement in July.

Google has announced that SAP is launching a collaborative decision-making app StreamWork in Google Apps Marketplace which enables integration with Google Apps

AOL Inc is actively exploring a breakup of the company in a complicated series of transactions that may lead to a merger with Yahoo Inc, sources close to the plans told Reuters.

Swedish group Ericsson has won a five-year deal to supply technology and services to U.S. No. 3 mobile company Sprint Nextel for an unspecified sum.

International talks on Iran's nuclear activity got under way in Geneva on Monday amid Tehran's claims of achieving self-sufficiency in the fuel cycle. Analysts say that little is expected from the talks. But the latest developments in Iran are likely to give it the confidence to put forward demands of sanctions against the Islamic Republic to be lifted. The talks between Iran and the five UN powers - the US, Russia, China, France and Britain - plus Germany were stalled 14 months ago.