IBT Staff Reporter

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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.

European concerns set to pressure Wall St

Wall Street was set for a weak open on Monday with investors poised to lock in profits and looking for further action from European officials to prevent the debt crisis from spreading.

Moody's cuts Hungary close to junk, warns of risks

Credit rating agency Moody's cut Hungary's sovereign rating by two notches, to just above junk grade, on Monday and said it may cut further if the government fails to put public finances on a sustainable footing.

Bernanke: More Fed bond buys certainly possible

The Federal Reserve could end up buying more than the $600 billion in U.S. government bonds it has committed to purchase if the economy fails to respond or unemployment stays too high, Fed Chairman Ben Bernanke said.

Morgan Stanley may cut bonus payouts: report

Morgan Stanley Chief Executive James Gorman plans to take on the firm's top-paid bankers and may play hardball with bonus payouts this year, the New York Post said, citing people familiar with the plans.

Merkel rebuffs IMF call to raise euro zone fund

Euro zone finance ministers meeting on Monday face IMF pressure to increase the size of a 750 billion euro ($1,006 billion) safety net for debt-stricken members to halt contagion in the single currency bloc.

Euro ministers under pressure to boost rescue fund

Euro zone finance ministers meeting on Monday face pressure to increase the size of a 750 billion euro ($1.006 trillion) safety net for debt-stricken members in order to halt contagion in the single currency bloc.

Russian 'Spam King' pleads not guilty to federal charges

Oleg Nikolaenko, a 23-year old Russian, has pleaded not guilty to federal charges that he is the mastermind behind a notorious botnet, dubbed Mega-D, that controlled a network of infected computers and generated some 10 billion spam e-mails daily, or a third of the world's total.

Bernanke says yuan peg bad for U.S. and China

China's currency peg hurts U.S. exports but is also bad for the Chinese economy, since it prevents the country's authorities from running their own monetary policy, Federal Reserve Chairman Ben Bernanke said.

AOL plots breakup, then merger with Yahoo: sources

AOL Inc, undergoing a radical transformation into the king of content on the Internet, is actively exploring a breakup of the company involving a complicated series of transactions that may lead to a merger with Yahoo Inc, sources close to the plans said.

Can a more vocal Bernanke keep Fed on message?

Ben Bernanke is ready for his close-up.As the Federal Reserve tries to counter suspicion of its latest $600 billion stimulus plan, it is making a concerted, if awkward, effort to raise the chairman's profile and harmonize the often-dissonant message from within the central bank.

IMF to urge increase in EU safety net, ECB bond buys

The IMF will urge euro zone governments on Monday to boost the size of their rescue fund and recommend the European Central Bank buy more bonds to prevent the bloc's debt crisis from derailing economic recovery.

Can more vocal Bernanke keep Fed on message?

Ben Bernanke is ready for his close-up.As the Federal Reserve tries to counter suspicion of its latest $600 billion stimulus plan, it is making a concerted, if awkward, effort to raise the chairman's profile and harmonize the often-dissonant message from within the central bank.

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