IBT Staff Reporter

Defense contractor Northrop Grumman has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co , for $1.65 billion, the companies said on Sunday.

Intel Corp, the world's biggest electronic chip maker, said on Sunday it would open its new die preparation plant in Jerusalem next week.

A Las Vegas casino company and a Chinese bank have set the price range for their upcoming Hong Kong stock offerings, hoping to raise up to $7.35 billion combined in what would be the world's fourth- and fifth-largest IPOs of the year.

Dollar May Be Under Pressure; Investors Eye Retail Sales; NBC Universal's Valuation

The U.S. dollar may come under renewed pressure from emerging market currencies and the euro after a meeting of the world's top finance officials failed to take concrete action on rebalancing global money flows

The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said on Sunday.

Sprint Nextel Corp . is preparing to pump at least $1 billion more into Clearwire Corp., the Wall Street Journal reported on Sunday, citing two people familiar with the matter.

The Australian Dollar opens higher on Monday at US92 cents after the Reserve Bank of Australia (RBA) upgraded economic growth forecasts on Friday and U.S. unemployment came in worse than expected. The Aussie traded in a one cent band over the previous session (0.9090 - 0.9197) and was underpinned after the RBA said in its quarterly statement on monetary policy that GDP is set to expand by 1.75 per cent by the end of 2009 and to 3.25 per cent by the end of 2010. Markets viewed this as a sign that...

After a landmark win in the House of Representatives, President Barack Obama's push for healthcare reform faces a difficult path in the Senate amid divisions in his own Democratic Party on how to proceed.

As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.

The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing God's work.

Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday.

Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.

Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.

China on Saturday shrugged off international pressure to appreciate its currency, saying developed countries should focus on the quality of their own economic policy-making. Chinese Finance Minister Xie Xuren, speaking after finance ministers and central bank governors of the Group of 20 nations met in Scotland, said countries with global reserve currencies should work to maintain the currencies' value to avoid destabilising the world economy.

Group of 20 finance ministers and central bankers pledged on Saturday to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.

Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.

Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.

Corruption costs developing nations $20 to $40 billion each year, while emerging markets and financial centers are increasingly havens for stolen assets, a top World Bank official said Saturday.

Joe Jackson, the elderly father of late pop star Michael Jackson, on Friday filed a court petition seeking an allowance from the singer's estate, saying his son had supported him for many years.

Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year.

An unseasonal gust of wind greets Alicia Keys as she steps out of a doorway behind a Beverly Hills hotel on a late October afternoon. Decked out in a black leather vest and black leggings brightly accented by turquoise suede knee-high boo a hint of matching eyeliner, the Grammy Award-winning singer is surprised by the chilly blast before she ducks into a waiting black sport utility vehicle. Commen...

Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.

No one knows better than Yoko Ono how far celebrity activism has come in the last 40 years.

Cable television network A&E on Friday unveiled plans for a new reality TV show starring four brothers of late pop star Michael Jackson depicting them dealing with his death and rehearsing for an upcoming concert.

The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.

World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.

U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth.

World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.