IBT Staff Reporter

Steve Trevor is resigning as co-head of Morgan Stanley's private equity division, the latest change as the Wall Street firm overhauls its investment management unit.

The U.S. Interior Department on Monday formally issued its new offshore oil drilling moratorium, saying it would end by November 30 or sooner and it would no longer be based on water depths.

A Manhattan federal judge on Monday rejected Citigroup Inc's bid to dismiss a class-action lawsuit by bondholders who said the bank misled them about its exposure to toxic mortgages.

Caution prevailed in the U.S. stock market on Monday, with indexes edging higher as investors kept bets to a minimum in front of earnings.

A bidding war for the bunny may be about to break out.

The U.S. Interior Department on Monday formally issued its new drilling moratorium, saying it would end by November 30 or sooner and it would no longer be based on water depths.

The euro zone's emergency loan facility should be operational this month, finance ministers said on Monday, expressing hope Slovakia would cease to block the activation of the 440 billion euro ($554 billion) fund.

The U.S. Food and Drug Administration (FDA) has issued a public warning on the use of the weight loss herbal supplement Que She.

Two recent studies linking the diabetes drug Avandia to heart ailments prompted the U.S. Food and Drug Administration (FDA) to consider withdrawing it from the market.

A bidding war for the bunny may be about to break out.

Caution ruled in the U.S. stock market on Monday, with indexes edging higher as investors kept bets to a minimum in front of earnings.

Campbell Soup Co is introducing new V8 juice drinks and other products to boost sales in the United States.

The Obama administration prepared a new moratorium on deepwater oil drilling on Monday, seeking to make the industry safer while protecting thousands of jobs during the worst spill in U.S. history.

Consumer Reports said it cannot recommend Apple's iPhone 4 to buyers after tests confirmed the device's well-publicized reception glitches.

Account holders in the European Union who are faced with a run on their bank would get their money back within a week under a draft EU law published on Monday to protect consumers in the wake of the global crisis.

BP Plc is in talks with U.S. energy company Apache Corp and others to sell assets worth up to $10 billion as it grapples with the cost of the worst oil spill in U.S. history.

U.S. bank regulators would have more power to examine the largest and riskiest institutions, under a new interagency memorandum approved on Monday.

The European Central Bank slowed the pace of its controversial buying of government bonds to a near halt last week, adding substance to suggestions from one of its top policymakers that the programme could soon be phased out.

Britain's recession was deeper than previously thought, new data showed on Monday, while a top central banker warned that euro zone weakness and looming government spending cuts could send the recovery into reverse.

An Al Qaeda magazine posted online with articles such as make a bomb in the kitchen of your mom is a bid to recruit Americans to launch attacks in the United States, a senior U.S. lawmaker said on Monday.

Stocks were little changed on Monday as China's weakening demand for materials weighed on resource shares and as the imminent start of earnings season pushed investors to the sidelines.

Stocks were little changed on Monday as China's weakening demand for materials weighed on resource shares and as the imminent start of earnings season pushed investors to the sidelines.

Stocks slipped on Monday, erasing earlier gains as China's weakening demand for materials and concerns over Europe's fiscal issues weighed on sentiment.

Britain is still in danger of losing its triple-A rating despite the ambitious fiscal tightening announced by the country's new coalition government last month, Standard & Poor's said on Monday.

The economy remains on track for firm growth and investors should not worry too much just because a few reports have been weaker than forecast, Richmond Federal Reserve Bank President Jeffrey Lacker said on Monday.

U.S. bank regulators would have more power to examine the largest and riskiest institutions, under a new interagency memorandum approved on Monday.

The euro zone's emergency loan facility should be operational this month, finance ministers said on Monday, expressing hope Slovakia would cease to block the activation of the 440 billion euro ($554 billion) fund.

Some of Europe's biggest banks are in talks with Italy's UniCredit SpA about its proposal for a 20 billion euros ($25.2 billion) private sector fund to help failing lenders, a source close to the issue said.

The demand for legal synthetic marijuana known as K2 is on the rise in the U.S. prompting Missouri to ban the use of the drug.