IBT Staff Reporter

Motorola announced Monday that its already popular Motorola Droid, which launched in the US last week, will soon hit the European and Latin markets as Motorola Milestone.

China lashed out at the United States on Monday after the Obama administration sent six Uighur Chinese detainees from the U.S. military prison at Guantanamo Bay to the Pacific island nation of Palau.

The U.S. manufacturing sector grew in October for the third consecutive month and at a faster rate than expected, according to an industry report released on Monday.

China's vast Three Gorges reservoir will see a increasing number of landslides and other geological hazards as the water reaches its maximum level this autumn, a magazine report warned on Monday.

Afghanistan's election commission declared Hamid Karzai elected as president on Monday after it called off a runoff following the withdrawal of his only rival.

Pending sales of previously owned U.S. homes unexpectedly rose in September to their highest level in nearly three years ahead of the expiration of a popular tax credit for first-time buyers, a survey showed on Monday.

Planned palm oil carbon emission targets will be delayed by at least a year as planters clash with NGOs on calculating the vegetable oil's environmental impact, officials said on Monday.

U.S. Secretary of State Hillary Clinton said on Monday Israel must do more to get peace talks with the Palestinians on track, countering Arab accusations she had given in to Israel over settlements.

Time has almost run out to break deadlock on a U.N. climate deal supposed to be struck in Copenhagen next month, the United Nations and Denmark warned negotiators at a final preparatory meeting on Monday.

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Australia's greenhouse gas emissions fell in the year to June, the first decline since an greenhouse inventory started in 1998, as the economy slowed due to the global financial crisis.

Pending sales of previously owned U.S. homes unexpectedly rose in September to their highest level in nearly three years ahead of the expiration of a popular tax credit for first-time buyers, a survey showed on Monday.

CIT Group Inc's bankruptcy case was assigned on Monday to U.S. Bankruptcy Judge Robert Gerber, the same judge who oversaw the recent reorganization of the automaker General Motors Co.

EU soybean and soymeal imports are unlikely to return to normal levels despite the EU's decision on Friday to authorise three maize types containing genetically-modified organisms (GMOs), industry associations said on Monday.

Valeant Pharmaceuticals International posted a better-than-expected quarterly profit, helped by higher revenue from its specialty pharmaceutical segment, and raised its 2009 earnings view.

Independent oil and natural gas company Quicksilver Resources Inc said it expects average daily production in 2010 to grow at least 20 percent over the projected 2009 level.

Pending sales of previously owned U.S. homes unexpectedly rose in September to their highest level in nearly three years ahead of the expiration of a popular tax credit for first-time buyers, a survey showed on Monday.

Shanda Games Ltd, China's top videogame company, said its revenue growth over the next five years would average 18.4 percent annually and continue to outpace the industry.

Stronger demand and economic conditions are expected to boost housing starts in 2010, Canada Mortgage and Housing Corp said in an upwardly revised forecast for new home construction on Monday.

Canadian auto parts maker Magna wants Herbert Demel, the head of its Austrian car development and assembly plant, to become head of Opel, a German magazine said, citing sources.

Hong Kong's move to tighten regulations on mortgage lending last month showed the government wants to avoid a big property bubble, Hong Kong Chief Executive Donald Tsang said on Monday.

Human Genome Sciences Inc said its experimental lupus drug Benlysta was successful in a second large clinical trial, paving the way for approval of the first new treatment for the disease in 50 years.

A deal between Royal Bank of Scotland, EU regulators and the UK government could include unplanned disposals, the bank said for the first time on Monday, ahead of a radical shake-up of the UK banking sector.

A consultant's report commissioned by Tandberg said on Monday Cisco's $3 billion takeover bid for the Norwegian video conferencing equipment maker was fair.

Singapore's state investor Temasek, Blackstone Group and KKR are among the firms expected to submit bids soon for AXA's stake in China's No.4 life insurer Taikang, sources said, an investment AXA values at $1.05 billion.

Denbury Resources Inc has agreed to buy Encore Acquisition Co for $3.2 billion to create one of North America's largest oil production and exploration companies.

HSBC Holdings is preparing to boost its China presence about 20 percent next year, as it ramps up for an IPO in one of its fastest growing markets, a top company executive said.

Ford Surprises, Credit Tough Amid CIT Woes; Summers' Summit

Elton John is recovering in hospital from a serious case of e-coli bacterial infection and influenza that forced him to cancel a string of concerts, but he hoped to return to the stage soon, a spokesman said on Monday.