IBT Staff Reporter

U.S. stocks advanced on Monday as anticipation of solid first-quarter corporate earnings buoyed sentiment along with an announcement of an emergency aid plan for Greece.

James Gosling, creator of the Java computer language and one of the most prominent employees in Oracle Corp's newly acquired Sun Microsystems, has resigned from Oracle.

Iceland's former prime minister and central bank head and five other former officials acted with gross negligence in failing to prevent a banking collapse in 2008, an official investigation found on Monday.

U.S. stocks inched higher on Monday as a massive emergency aid plan for Greece and anticipation of solid first-quarter corporate earnings lifted sentiment.

Viacom Inc unit Paramount is offering some of its movies preloaded on external computer hard drive devices from Seagate in the first arrangement of its kind.

DynCorp International Inc has accepted a $1.5 billion takeover bid, including the assumption of debt, from private equity firm Cerberus Capital Management LP , the defense contractor said on Monday, sending its shares up 48 percent.

It is too soon to determine when the U.S. recession ended as data showing economic growth resumed are subject to revision, the arbiter of U.S. business cycles said on Monday.

U.S. safety regulators may seek a second penalty against Toyota Motor Corp for knowingly delaying a massive recall over defective accelerator pedals

Chinese carmaker, Geely Automobile Holdings said Volvo, which it is in the process of buying, could break even as early as the fourth quarter, after posting a surprise drop in its own second-half earnings.

It is too soon to determine when the U.S. recession ended, the arbiter of U.S. business cycles said on Monday.

U.S. bank regulator Sheila Bair defended her agency's move to clamp down on excessive banker pay on Monday , saying the stability of the financial system is at stake.

Alcoa Inc is expected to report a small quarterly profit next week but Wall Street is unconvinced the company can post higher numbers with the price of aluminum only slowly inching up from the recession.

Markets saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds on Monday as fears of a near-term default evaporated.

A group of Tribune Co lenders on Monday labeled the U.S. newspaper publisher's proposed plan to exit bankruptcy unfair and said they deserve the right to propose an alternative.

MasterCard Inc named Chief Operating Officer Ajay Banga as chief executive officer in the culmination of a plan laid 10 months ago to ensure its leadership succession.

Tribune Co lenders on Monday labeled the U.S. newspaper publisher's proposed plan to exit bankruptcy unfair and said they deserve the right to propose an alternative.

U.S. stocks were slightly higher on Monday as euro zone finance ministers approved a massive emergency aid plan for debt-plagued Greece, removing

Airbus parent EADS has not decided whether to challenge Boeing for a deal worth up to $50 billion to sell air tankers to the United States but would not do so at a loss, its chief executive said on Monday.

U.S. stocks edged up at the open on Monday after euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece, easing sovereign debt concerns.

UBS sought to defuse criticism over management responsibility for the bank's troubles and bonuses by posting its highest pretax profit since the credit crisis began and a big slowdown in client withdrawals.

Apple's plunge into the advertising market announced this past week gave Google a big boost in arguing for regulators to approve its acquisition of mobile advertising leader AdMob, Google CEO Eric Schmidt said on Sunday.

Warren Buffett has taken steps to minimize disruption for the day he steps down from the helm of Berkshire Hathaway Inc , but concern over his succession and a weaker insurance environment limits the stock's growth potential, Barclays Capital said.

MasterCard Inc named Chief Operating Officer Ajay Banga as chief executive officer in the culmination of a plan laid 10 months ago to ensure its leadership succession.

U.S. stock index futures pointed to a flat open on Monday as euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece, easing sovereign debt concerns.

U.S. regulators did not properly supervise Washington Mutual Inc, even as the savings and loan began to crumble because of the subprime mortgage crisis, a federal investigation concluded, the New York Times reported.

U.S. stock index futures pointed to a slightly higher open on Monday, aided by easing sovereign debt concerns after euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece.

Smartphone maker Palm Inc , which has not turned a profit in its battles with rivals Apple and RIM, has begun seeking offers for the firm, Bloomberg said, citing three people familiar with the situation.

(Corrects 2006/2007 profit figure to $56 million from $35 million in sixth paragraph)

U.S. stock index futures rose on Monday, aided by easing sovereign debt concerns after euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece.