IBT Staff Reporter

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Iran opposition clashes with police

Iranian security forces fired warning shots in Tehran on Monday and beat opposition protesters among thousands seeking to renew their challenge to the government six months after a disputed election, witnesses said.

Chrysler/Fiat CEO OK with two hats for now

Sergio Marchionne believes he can keep up his transatlantic commute for two years before something would have to be done about his dual role as head of Italy's Fiat and Chrysler.

EPA declares greenhouse gases a threat to humans

The United States' Environmental Protection Agency ruled today that man-made greenhouse gases are deteriorating the natural balance of the planet's atmosphere, changing its climate and therefore threatening the health of Americans.

Daisy Group posts 9-mth loss, to cut jobs

British telecoms firm Daisy Group Plc posted a loss for the nine-month period and said it would cut jobs to integrate its acquired businesses but was comfortable with current market expectations.

SEC charges ex-N.Century execs in subprime case

Three former executives at now-bankrupt lender New Century Financial Corp were charged with fraud by U.S. securities regulators on Monday, the latest government effort to pursue wrongdoing in the subprime mortgage market.

Cosmos ends four-month bid for Cossette ad agency

Cosmos Capital Inc, a Canadian private equity group, said late on Monday it withdrew from a bidding war for the nation's largest domestic advertiser, Cossette Inc, four months after its first bid was rejected.

Banks meet with Dubai World: report

A group of international and regional banks met Dubai World for the first time on Monday as talks began on the company's efforts to restructure $26 billion of debt, the Financial Times reported on Monday.

S&P 500, Nasdaq end down as banks, tech weigh

The S&P 500 and Nasdaq ended slightly lower on Monday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery.

Probe extended in U.S. insider trade case

Eight people charged in a coast-to-coast U.S. hedge fund insider trading investigation have at least one more month for possible resolution of their criminal cases, according to court records on Monday.

Virgin Galatic SpaceShipTwo: Fly into space for $200,000 a seat

Virgin Galactic is ready unveiled a commercial rocket plane designed to launch tourists into suborbital space for $200,000 a seat, the company said Monday. The first glimpse of SpaceShipTwo, Virgin's first commercial passenger spacecraft, comes after it private construction began in 2007.

FedEx raises fiscal 2nd-quarter forecast, shares rise

FedEx Corp said on Monday that its second-quarter earnings would easily beat its previous forecast, citing strong growth in international demand for its air services, especially in Asia and Latin America, and its shares rose more than 3 percent.

SEC probing high-frequency strategies

The U.S. Securities and Exchange Commission will likely seek public input on so-called high-frequency trading strategies, and whether traders using them gain any special advantages by placing fast computers next to exchanges.

India's Bharti sees short-term revenue pressure

Leading Indian telecoms firm Bharti Airtel sees revenue pressured in the short term amid an intense price war in the country's wireless sector, director Akhil Gupta told news channel CNBC-TV 18.

Bernanke says economy improving, faces headwinds

Federal Reserve Chairman Ben Bernanke on Monday said the U.S. economy's recovery remained fragile and unemployment may be high for some time, cooling anticipation of an early increase in U.S. interest rates.

Tiger Woods' mistress count expected to hit 12

Tiger Woods reportedly had romance relationships with nine different women according to reports Monday. The number of mistresses is expected to increase to 12 by the end of the week, according to MSNBC.

S&P 500, Nasdaq close down as banks, tech weigh

The S&P 500 and Nasdaq ended slightly lower on Monday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery.

U.S. greenhouse gas ruling sends message to world

The Obama administration's greenhouse gas ruling Monday was meant to send a warning to industry, the U.S. Congress, and the world: with or without a law, Washington will tackle global warming in a serious way.

FACTBOX: Reaction to EPA's climate change declaration

Business groups reacted with alarm and environmentalists with applause to the U.S. Environmental Protection Agency's formal declaration Monday that greenhouse gas emissions endanger human health, clearing the way for federal regulation.

A first look at Google Goggles (VIDEO)

Google announced a very cool new product on Monday at its Searchology event called Google Goggles - a new feature that allows you to search with images. By using a camera on your Android cell phone, you can take a picture of your location or object, and then enter it in and Google Goggles will pull up information associated with the image.

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