IBT Staff Reporter

Hu shuli, the chief editor of Caijing, Chinese most influential magazine, may resign to launch a new venture after journal's Daphne Wu Chuanhui and nearly 70 employees, or more than two-thirds of the business department, had resigned.

China's gross domestic product (GDP) growth should exceed 7 percent, a Chinese official said on Monday, ahead this week's official announcement.

Switzerland's Adecco , the world's largest staffing company, said on Tuesday it would acquire U.S. rival MPS Group Inc for $1.3 billion in a cash transaction.

Global stocks extended gains to a one-year high on Tuesday, up 75 percent from a crisis low after strong sales numbers from Apple Inc suggested U.S. consumption is returning.

U.S. crude futures rallied to a one-year high above $80 a barrel on Tuesday, lifted by a slump in the dollar to a 14-month low and a rally in U.S. stock markets to their highest in 12 months.

U.S. crude futures rose more than half a percent on Tuesday to a one-year high of $80.05 a barrel on a weak dollar and firm U.S. stock markets.

U.S. crude futures rose more than half a percent on Tuesday to a one-year high of $80.05 a barrel on a weak dollar and firm U.S. stock markets.

Boston Scientific Corp on Monday reported a quarterly net profit, compared with a year-ago loss, but cut its full-year earnings outlook, citing weakness in the market for implantable heart defibrillators.

Verizon, No. 2 wireless carrier in the U.S., made its boldest attack on Apple's iPhone with a TV commercial that boasted Droid, a new smartphone from Motorola, does everything the iPhone doesn't.

U.S. crude futures edged up on Tuesday to a one-year high near $80 a barrel on a weak dollar and firm U.S. stock market.

The new electronic reader from Barnes & Noble Inc, expected to launch on Tuesday, features color, a touchscreen display and the same price tag as Amazon.com Inc's Kindle, the Wall Street Journal reported on Monday.

IBM placed senior executive Robert Moffat on leave of absence after he was arrested in the largest ever hedge fund insider-trading scheme.

Texas Instruments Inc posted better-than-expected third-quarter results on Monday, citing strong demand from every industry that uses its chips, from cars to computers and phones.

Sales of video game equipment and software in the United States rose a modest 1 percent in September to 1.28 billion, research group NPD said on Monday, as the industry posted the first month of growth in half a year following price cuts from all the home console makers.

DENVER - U2 and YouTube have teamed up to broadcast a live stream of the band's Los Angeles-area concert this weekend via its YouTube channel.

Volkswagen AG set out plans to raise as much as 10 billion euros ($14.9 billion) from shareholders, which analysts said would be enough to make fresh acquisitions as well as merge with Porsche.

French carmaker PSA Peugeot Citroen (PEUP.PA) expects output at its Slovak assembly plant to be slightly above 200,000 units this year, with similar volume in 2010, the outgoing chief executive of PSA's Slovak operations, Jean Mouro, said on Monday.

Boston Scientific Corp on Monday reported a quarterly net profit, compared with a year-ago loss, but cut its full-year earnings outlook, citing weakness in the market for implantable heart defibrillators.

Toyota Motor Corp (7203.T) said on Friday it plans to resume a second shift at its San Antonio, Texas plant in February for the first time since August 2008, adding production of Tundra full-size pickup trucks.

As a boost from state-sponsored schemes to help consumers replace old vehicles with newer ones tapers off, investors will be looking at the auto sector's longer-term prospects when European carmakers and suppliers post third-quarter results in the coming weeks.

General Motors Co's [GM.UL] bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.

The German trust set up to oversee Opel said it saw no reason to reopen the carmaker's sale despite EU concerns that Germany's promises of state aid had skewed the bidding process.

Electric cars will not be dramatically cleaner than autos powered by fossil fuels until they rely less on electricity produced from conventional coal-fired power plants, scientists said on Monday.

Apple Inc's profits and sales streaked past Wall Street forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.

Chip maker Texas Instruments Inc posted better-than-expected quarterly results on Monday, citing strong demand across all business segments including computers, phones and cars.

U.S. financial regulators and federal prosecutors unveiled their biggest-ever insider case involving a hedge fund last week and similar cases may be announced in coming months, sources said on Monday.

The European Union announced Monday that a majority of EU states agreed to create a €280 million ($418 million) fund to help dairy farmers cope with the impact of low prices.

A Chinese ship with 146 people on board was hijacked Monday in the Indian Ocean, according to the EU Naval Force.

The US Department of Agriculture (USDA) announced Monday that at least one pig has tested positive for the H1N1 virus.