IBT Staff Reporter

Strong U.S. land drilling drove Halliburton's better-than-expected 83 percent jump in quarterly profit, sending its shares up nearly 5 percent and lifting the entire oilfield services sector.

Strong U.S. land drilling drove Halliburton's better-than-expected 83 percent jump in quarterly profit, sending its shares up nearly 5 percent and lifting the entire oilfield services sector.

The Obama administration may have acted hastily in demanding that General Motors Co and Chrysler accelerate the closing of dealerships to ensure their viability

Speech-recognition software maker Nuance is launching software apps for the Apple iPhone in Britain as the company grows more confident that its voice-to-text technology is ready for global markets.

General Motor's mini-vehicle venture in southern China unveiled its first car brand on Sunday as it aims at the fast-growing moderately priced segment of the car market.

Toyota Motor Corp will restart exporting its Fortuna sport utility vehicles produced in Indonesia to the Middle East and the Phillippines after seeing a recovery in demand

Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more North American investors to snap up assets.

Daimler's trucks boss Andreas Renschler said there are no plans to split the German company into a passenger car maker and a truck maker.

The euro rose against the dollar on Monday after a fall in U.S. home-builder sentiment to its lowest level in more than a year added to worries about the U.S. economy. The euro traded near its recent two-month high against the dollar, rebounding from early lows hit after a downgrade of Ireland's sovereign ratings and the suspension of talks between Hungary and international lenders.

The euro hovered near a two-month high while U.S. stocks moved sideways on Monday as worries about the pace of a U.S. economic recovery kept markets cautious. After Friday's worst one-day drop since late June, the S&P and other U.S. stock indexes opened higher as earnings season kicked into high gear, but weak homebuilding data reminded investors of the delicate state of the economic recovery.

U.S. Treasury debt prices slipped on Monday, but volume was scant and analysts said the day's market action would be driven mostly by the stock market. The yield on the benchmark 10-year Treasury note, which had fallen to 2.93 percent by Friday's close as stocks suffered their worst one-day drop since June, was trading at 2.95 percent, while its price was off by 6/32.

Hungary's markets sold off on Monday after the government rebuffed lenders' calls for tougher austerity measures, bringing weekend talks on further aid to a premature end and rattling investor confidence.

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Home-builder sentiment fell more-than-expected in July to the lowest level in more than a year after a popular home-buyer tax credit expired in April, the National Association of Home Builders said on Monday.

Luxury homebuilder Toll Brothers Inc will launch an investment fund to buy up distressed real estate assets, including loan portfolios and land for development, the company said on Monday.

Moody's cut Ireland's credit rating on Monday, warning the country still faces a slow climb out of recession after nearly two years of austerity as the cost of rescuing its banking sector mounts.

Apple Inc plans to start selling the iPad tablet PC, its latest hit product, in nine new international markets on Friday, making the device available in a total of 19 countries.

Car parts maker Tomkins Plc received a $4.5 billion bid approach from a Canadian consortium, the latest example of North American buyers eager to capitalize on sterling weakness to snap up British assets.

Corrects quote in 2nd paragraph from end of story to include attribution to Commerzbank

Stocks slipped on Monday as gains from Halliburton and Boeing were erased after a homebuilder index fell to its lowest point in more than a year, sparking new fears about the pace of a recovery.

Children and young adults who were conceived by in vitro fertilization (IVF) have a slightly increased risk of developing cancer, relative to those conceived naturally, researchers from Sweden reported Monday in the journal Pediatrics.

Oil jumped more than $1 on Monday, lifted above $77 per barrel by equities markets after U.S. stocks opened higher on Wall Street. The move, supported by early signs of improving oil demand, put oil on track to break three straight days of lower settlements on concerns about slowing economic recovery and gloomy consumer sentiment.

Investors have grown more skeptical of their full-service brokers, even as overall satisfaction rebounded along with the markets during the past year, according to the latest J.D. Power & Associates survey.

Leasing legend Steve Udvar-Hazy kicked off a stampede of savvy financiers into the Farnborough Airshow on Monday, as aircraft lessors opened their cheque books to help pull the industry out of recession.

There is little need to worry about serious side effects if your toddler is getting vaccinated against whooping cough, researchers from the U.S. Centers for Disease Control and Prevention said Monday.

Bill Clinton and Bill Gates urged AIDS activists on Monday to squeeze value out of every cent of funds to fight HIV, saying they could not expect donors to give more in hard times unless it was carefully spent.

Gold fell more than 1 percent to a two-month low at $1,178.40 an ounce on Monday as sharper appetite for assets seen as higher risk, like equities and industrial commodities, dented the metal's appeal as a haven.

Halliburton Co reported an 83 percent jump in second-quarter profit on Monday, on strong U.S. onshore drilling, but a ban on deepwater activity in the Gulf of Mexico is expected to hurt full year results.

European governments must press ahead with deficit cuts to restore investor confidence even if it means economic growth suffers, European Central Bank Governing Council member Christian Noyer said on Monday.