IBT Staff Reporter

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Wikileaks' Assange can come home: top Aussie official

Australia's Attorney-General Robert McClelland hinted that the government would not stop WikiLeaks founder Julian Assange from coming home. According to a spokesperson of McClelland, the Attorney-General stated that the 39-year-old Australian is 'entitled' to come home and could also avail consular assistance overseas.

Euro zone worries hit Wall Street

Stocks edged lower on Monday as investors took profits before moves by euro zone officials to keep a debt crisis contained, but the S&P 500 stood within points of a new high for the year.

Leaders unwilling to concede defeat hinder Africa's path to democracy

Burning tyres, rebel checkpoints, an angry mob and a placard that reads, Gbagbo thief... The West African state of Ivory Coast seems to be rapidly descending into a state of crisis. Acknowledged as the most expensive polls in Africa, the recent run-off was aimed at unifying the country which suffered bitter divisions and wrath of an armed uprising in 2002. But instead, they bared the discrepancy within the nation's population.

Kellogg CEO Mackay to retire, COO Bryant to succeed

Kellogg Co. (NYSE: K) said chief executive David Mackay announced his plans to step down, and he will be succeeded by chief operating officer John Bryant, effective January 2, 2011. The cereal giant also reaffirmed its 2010 and 2011 sales and profit forecasts.

Facebook Unveils New Profile Page

Now, it will be easier to tell your story and know about your friends on Facebook as the social networking site has introduced a new profile page that enables users to feature specific friends' list on their Facebook profile.

Clearwire eyes selling up to $2 billion spectrum

Clearwire Corp expects to snag another round of funding late this year or early 2011 and may raise as much as $2 billion from selling wireless spectrum, according to its finance chief Erik Prusch.

MetLife expects sharp 2011 earnings growth

MetLife expects operating earnings to grow sharply next year as the largest U.S. life insurer begins to see the benefits from its November acquisition of global life insurer Alico.

Pfizer CEO switch may mean new strategy, shares up

Investors welcomed the sudden departure of Pfizer Inc CEO Jeffrey Kindler by pushing up the stock in the hopes that a new leader will more act more aggressively to revive the giant pharmaceutical company.

Google takes on Amazon, Apple in e-books market

Google Inc began selling digital books on Monday, intensifying the search engine's competition with Amazon.com Inc and Apple Inc and marking a significant push by the company to expand into the e-commerce business.

MetLife to grow in 2011 because of Alico

MetLife Inc expects operating earnings to grow more than a third next year as the largest U.S. life insurer benefits from its blockbuster acquisition of global life insurer Alico.

Clearwire eyes funding around Q4 or early Q1

Clearwire Corp expects to snag another round of funding late this year or early 2011 and may raise as much as $2 billion from selling wireless spectrum, according to its finance chief Erik Prusch.

LG Display, Chi Mei, others face EU fines: source

EU regulators are set to fine LG Display, Chi Mei Optoelectronics Corp and three other firms up to 700 million euros ($928 million) in total for fixing prices of display panels used in consumer devices, a source close to the case said on Monday.

England chasing victory after crucial day four against Australia

It was cracker till the last ball when England's Kevin Pietersen dismissed Michael Clark to land Australia a heavy blow on day four of the second Ashes test at Adelaide leaving the Aussies at 238/4 needing 137 runs more to avoid an innings defeat on day five.

US stock futures point to lower open

Futures on the S&P 500 are down 0.30 percent to 1,219.80, futures on the Dow Jones Industrial Average are down 0.21 percent to 11,340.00 and Nasdaq100 futures are down 0.19 percent to 2,183.00.

Glass ceiling intact in California

The sixth annual UC Davis Study of California Women Business Leaders, compiled by the University's Graduate School of Management, shows that men still hold roughly nine out of every 10 highest-paid management and board positions in 400 of California's largest public companies.

Euro zone worries pressure Wall St

Stocks dipped on Monday with investors taking profits and looking for further action from European officials to prevent a debt crisis from spreading.

Pfizer CEO change could signal strategic switch

Investors hoped a leadership shake-up at Pfizer Inc might bring divestitures, share buybacks or other moves to kick-start the company's sluggish stock price, but they were wary of disruption stemming from the abrupt change.

LG Display, others face 600-700 million euro EU fine: source

EU regulators are set to fine LG Display, Chi Mei Optoelectronics Corp and three other firms up to 700 million euros ($928 million) in total for fixing prices of display panels used in consumer devices, a source close to the case said on Monday.

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