IBT Staff Reporter

U.S. July auto sales are on track to rise from a year-earlier tally that was boosted by government incentives, pointing to a gradual recovery in one of the first indicators of consumer demand for the third quarter.

CBS Corp, the No.1 U.S. broadcaster, is in talks to bring some of its TV shows to popular Web video service Hulu, CBS Chief Executive Les Moonves said in an interview on Monday.

Research In Motion pledged to satisfy the security needs of customers and governments, a day after the United Arab Emirates threatened to cut off some BlackBerry services because authorities could not access encrypted messaging data.

HSBC's North American chief executive expects the new U.S. financial reform law to cost it at least $110 million in annual revenue.

Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data.

U.S. manufacturing grew in July at its slowest pace this year as a stream of new orders tapered off, pointing to further slackening in the economic recovery.

U.S. stocks closed at their highest level in 10 weeks on Monday and the S&P 500 pierced key technical levels as a weaker U.S. dollar lifted the energy and raw materials sectors.

U.S. securities regulators are investigating whether people may have illegally profited from trading on nonpublic information at BP Plc in the weeks and months following the disastrous Gulf of Mexico oil spill, two sources familiar with the investigation said on Monday.

Treasury Secretary Timothy Geithner on Monday promised not to swamp Wall Street with red tape and vowed to move quickly to put in place new rules for the financial marketplace to dispel uncertainty.

Stereo equipment magnate Sidney Harman is close to sealing a deal to buy Newsweek magazine from The Washington Post Co, according to a Monday report on The New York Times' Media Decoder blog.

Connecticut Attorney General Richard Blumenthal is investigating deals struck by Amazon.com Inc and Apple Inc to offer low prices on electronic books, saying the agreements may block rivals from providing attractive pricing.

U.S. health insurers are not worth the long-term investment risk in the wake of the new healthcare reform law, according to brokerage Edward Jones.

Lonely Planet, publisher of the popular travel guides, launched interactive e-books for the iPad on Monday for popular European destinations.

The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday.

The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday.

According to Australian health officials, the number of cases of severe swine flu in New South Wales has been increasing.

Microsoft Corp said on Monday that it would release the updated version of its lucrative Office software package for Apple Inc computers in late October, with a starting price of $119.

(Corrects in fourth paragraph to show U.S. manufacturing moderated to its slowest pace since December, not in a year)

The outdoor smoking ban at Hobart's malls has been received quite well, said the Hobart City Council.

According to the statistics published in the Medical Journal of Australia, one child suffers from lead poisoning every nine days in the mining town of Mt Isa, in Queensland.

According to the findings of a research published in the Medical Journal of Australia, only 40 per cent of patients with fracture are aware of their risks of osteoporosis - which is likely to be a hurdle for patients in the management of their risks, and their medical review.

HIV patients may have a better chance at avoiding life-threatening conditions related to the treatment they are receiving, following a breakthrough finding by Australian researchers.

Stocks hit 10-week highs on Monday, sending the S&P 500 above key technical levels as a weak U.S. dollar helped boost energy and raw materials sectors.

U.S.-listed shares of Research in Motion fell 2.4 percent on Monday after the United Arab Emirates threatened to suspend services for its BlackBerry smartphone users due to security concerns.

Loews Corp posted a better-than-expected 8 percent rise in quarterly net profit, as the hotels and energy conglomerate recorded a gain on investments compared to significant investment losses a year earlier.

Manufacturing growth slowed in July to its weakest rate this year, with measures of new orders and production also slowing.

Goldman Sachs said that it believed its trades with bailed-out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of the conditions in a deteriorated market.

The Obama administration intends to quickly put new rules for the financial marketplace into action but won't layer new rules on top of old, U.S. Treasury Secretary assured Wall Street on Monday.

Fears the U.S. recovery is faltering drove the dollar to a three-month low on Monday against a basket of currencies while strong European earnings pushed sterling to a six-month high against the greenback.