IBT Staff Reporter

Many people believe milk leads to upper-respiratory congestion, but studies have generally dismissed it as a myth.

Everyone wants to be likeable whether you are with strangers, friends, colleagues, customers, managers, employer and love ones.

Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in nearly three years, as the economic recovery reduced the bank's credit losses and increased prices on even its worst assets.

IBM raised its full-year outlook and reported stronger-than-expected quarterly results as companies increased spending on software and IT consulting, but the news failed to excite investors who had already begun to price in a strong recovery.

The U.S. Commerce Department could decide this week whether to launch a groundbreaking investigation into charges China is subsidizing exports of an aluminum product by undervaluing its currency, a government official said on Monday.

IBM nudged up its outlook for the full year and reported stronger-than-expected results as more companies bolstered spending on software and consulting on hopes of a sustained recovery for the technology sector.

IBM raised its full-year outlook and reported stronger-than-expected quarterly results as companies increased spending on software and IT consulting, but the news failed to excite investors who had already begun to price in a strong recovery.

Wal-Mart Stores Inc CEO Michael Duke received a compensation package worth a bit more than $19 million in the fiscal year ended in January, down from $28.2 million a year earlier when he received a big stock award related to his promotion to chief executive.

For U.S. industrial companies, this quarter's earnings season could bring the first concrete evidence an awaited economic recovery has arrived.

The United States will take action if China does not begin to take steps in the coming months to raise the value of its currency, a top lawmaker in the U.S. House of Representatives warned on Monday.

The four biggest brokerage companies dominate the U.S. wealth management space, but independent and regional firms are catching up as they gained clients and assets after the 2008 downturn.

Palm Inc shares tumbled on Monday, weighed down by the resignation of the chief of its webOS phone software and concerns that a sale of the company may not come as soon as some anticipate.

Stocks rose late on Monday as investors reassessed the potential damage of the fraud case against Goldman Sachs and earnings optimism grew.

Toyota Motor Corp has agreed to pay a record $16.4 million fine to U.S. safety regulators to settle a complaint that the company delayed a recall over defective accelerator pedals, but denied violating U.S. regulations.

When Lehman Brothers Holdings Inc's embattled former chief executive Richard Fuld faces U.S. lawmakers again on Tuesday, he will blame a perfect storm for the firm's collapse and defend Lehman's use of a controversial accounting technique.

Goldman Sachs Group Inc said the bond trader at the center of a landmark civil fraud case against the firm is taking time off, and the regulatory fallout on Wall Street threatened to widen.

Stocks rose late on Monday as investors reassessed the potential damage of the fraud case against Goldman Sachs and earnings optimism grew.

President Barack Obama will take his push for tighter financial regulation to New York on Thursday, with Wall Street reeling from the Goldman Sachs case and the Senate only days from a pivotal vote.

The U.S. Supreme Court said on Monday it would hear Costco Wholesale Corp's appeal in a copyright infringement dispute with a Swatch Group unit over imported Swiss-made watches.

Airbus parent EADS is poised to bid alone for a U.S. refueling plane deal valued at up to $50 billion after failing to recruit L-3 Communications Holdings or another major company as a key supplier, sources familiar with the matter said.

Wal-Mart Stores Inc CEO Michael Duke received a compensation package worth a bit more than $19 million in the fiscal year ended in January, down sharply from $28.2 million a year earlier when he received a big stock award related to his promotion to CEO.

(Reuters) - A variant of an obesity gene carried by more than a third of the U.S. population also reduces brain volume, raising carriers' risk of Alzheimer's disease, U.S. researchers said on Monday.

Palm Inc shares tumbled on Monday, weighed down by the resignation of the chief of its webOS phone software and signs a sale of the smartphone maker may not come as soon as some anticipate.

Fiat SpA unveils its first strategic plan this week since teaming up with U.S. carmaker Chrysler and CEO Sergio Marchionne could outline a timeframe two years ahead for selling stakes in a combined company.

Management and unions at GM unit Opel are set to sign a deal that would be a milestone for the restructuring of the German carmaker.

According to the Crosby/Textor poll of 800 people across Australia, only 24 per cent adults thought healthy food options were a genuine attempt by fast food outlets to improve the eating habits of customers.

According to an expert, the jury is still out on whether multi-vitamins have any positive or negative effects on a person's risk for developing cancer.

Former Lehman Brothers Holdings Inc Chief Executive Richard Fuld will tell U.S. lawmakers on Tuesday that he was not aware of off-balance-sheet transactions that some have blamed for hiding Lehman's true financial state ahead of its collapse.

According to new study led by a team of North American and European scientists, a new class of drugs called telaprevir which are protease inhibitors significantly improved cure rates and cut down treatment times in people suffering from hepatitis C.