IBT Staff Reporter

China's Geely on Monday completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker and reflecting the nation's rapid rise in the auto world.

Ford Motor Co shares are poised to rise in the next year, despite weak auto industry sales and uncertainty over the global economy

New car sales in Japan rose for the 11th straight month and South Korea's Hyundai Motor reported a double-digit rise in global sales in July, but a slowdown looked certain as government subsidies end and comparisons become difficult from the year before.

Specialty truckmaker Oshkosh Corp reported a stronger-than-expected quarterly profit on Monday, lifted by an encouraging rebound in construction-related sales.

The German state of Lower Saxony denied on Monday a media report that it was considering relinquishing its blocking minority by selling some of its illiquid voting stock in Volkswagen.

Hyundai Motor reported its weakest monthly sales in five months on Monday, as foreign sales slowed on easing demand growth from major markets such as China and the United States.

Ford Motor Co has acknowledged shipments of its all-new Fiesta are weeks behind schedule and apologized to still-waiting U.S. customers in a bid to protect one of its most important vehicle launches of the year.

More than a million BlackBerry users may have key services in Saudi Arabia and the UAE cut off after authorities stepped up demands on smartphone maker Research In Motion for access to encrypted messages sent over the device.

HSBC <0005.HK> and BNP Paribas , two of Europe's top three banks, trumped earnings forecasts after bad debts fell sharply, more than offsetting slowing investment banking growth and lifting both shares.

Fear that the U.S. recovery is faltering drove the dollar to a three-month low against a basket of currencies on Monday and the euro broke above $1.3125, a key technical level, to hit its highest since May.

Humana Inc posted a 21 percent increase in quarterly profit on Monday, helped by growth in its Medicare plans for seniors, and the health insurer raised its full-year forecast.

Stocks rallied on Monday as strong earnings results and better-than-expected manufacturing data prompted investors to build on last month's run-up.

Gold prices climbed in Europe on Monday as the euro firmed to a three-month high against the dollar and prices of other commodities like crude oil jumped on the back of rising equity markets. Spot gold rose as high as $1,190.40 an ounce and was bid at $1,185.35 an ounce at 1343 GMT (9:43 a.m. EDT), against $1,181.50 late in New York on Friday. U.S. gold futures for August delivery rose $4.10 to $1,188.00.

The manufacturing sector grew in July for the 12th straight month and at a rate that was slightly better than expected, according to an industry report released on Monday.

Construction spending unexpectedly rose 0.1 percent in June as increased investment in public projects offset the 15th straight monthly decline in private nonresidential construction, a government report showed on Monday.

Chinese auto parts makers are moving into the overseas M&A fast lane, eyeing a distressed global market to close a technology gap with world leaders to meet sizzling demand at home and eventually sell overseas.

China's Geely on Monday completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker and reflecting the nation's rapid rise in the auto world.

Finally, electronic trading of gold bars and coins has come to India with National Spot Exchange Limited (NSEL) and Shree Ganesh Jewellery House Limited (SGJHL) launching the scheme in India on Monday. According to a press note, for the first time, a private organisation will participate in e-selling of imported gold bars and coins. The service started from August 2.

Shares of Coca-Cola Co could rise 10 percent or more in the next year after the company pinpointed North America as a growth market, Barron's business weekly reported on Sunday.

Manufacturing in China shrank in July for the first time since March 2009 while it perked up in the euro zone, according to surveys that underscored the unevenness of the global economic recovery.

As summer slips away, we find ourselves thinking about how screened porches extend the seasons. Here's a roundup of some favorites.

Two flu vaccine makers said on Friday they had started shipping supplies for the U.S. market, one of the earliest starts ever to distributing seasonal influenza vaccine.

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Wall Street was poised to open about 1 percent higher on Monday, building on last month's solid gains as investors focused on encouraging corporate results, including strong bank earnings out of Europe.

MetLife Inc lowered its estimate of how much of a boost it will get from acquiring Alico, the foreign life insurance business of AIG, and announced fund-raising plans to help pay for the deal.

Gold prices slipped below $1,180 an ounce in Europe on Monday knocked by a dearth of haven buying as confidence in the financial markets improved, though some emergent physical demand limited losses. Spot gold was bid at $1,177.65 an ounce at 6:21 a.m. ET, against $1,181.50 late in New York on Friday. U.S. gold futures for August delivery fell $4.00 to $1,179.90.

A large study in Japan into possible genetic causes for prostate cancer has uncovered five new gene variants which have never been seen in previous studies in Caucasians, researchers said on Monday.

The great secret of success in life is for the man to be ready when his opportunity comes. Opportunities are knocking, are you ready?

First Lady Michelle Obama is calling on the Congress to pass legislation to improve nutritional standards and help fight childhood obesity in American schools.