IBT Staff Reporter

At shops in Shanghai's bustling Xinyang market, fake Apple iPhones and Bose speakers sit neatly alongside bootleg copies of Microsoft's new Windows 7 operating system, a week before its official launch.

Apple Inc reported better-than-expected results as iPhone and Mac sales hit quarterly records, sending its shares up 5.5 percent on Monday.

Apple Inc's profit and revenue blasted past analysts' expectations, fueled by record sales of the iPhone and Mac. Shares shot up 7.5 percent to more than $204 in extended trade.

The Aussie dollar opened Monday a nervous note with local investors unsure if the week ahead could see the beginning of a reversal of the recent strong run higher.

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

A Colombian mayor canceled a Calle 13 concert on Monday after the lead singer for the Puerto Rican rappers wore a T-shirt appearing to link President Alvaro Uribe to illegal paramilitaries.

U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session's close when Apple Inc's shares jumped on its results.

Apple Inc. reports a 46 percent increase in its fiscal fourth-quarter earnings as the company posts higher revenue than a year ago led by better-than-expected sales of iPhones, Mac computers and iPods

Madonna's Manhattan neighbor has sued her co-op and the building's management company saying the pop star's habit of rehearsing with loud music is a nuisance for other residents.

The office of the Georgian president had a new occupant Monday as U.S. actor Andy Garcia took on the role of Mikheil Saakashvili in a film based on last year's war with Russia.

A pile of hair believed snipped from Elvis Presley when he joined the U.S. Army in 1958 sold for $18,300 on Sunday, according to a Chicago auction house.

U.S. pop star Beyonce has postponed a planned concert in Malaysia after the nation's opposition Islamist party raised concerns about her performance, citing moral issues, concert organizers said.

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

U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session's close when Apple Inc's shares jumped on its results.

Payments on credit default swaps protecting the loans of Metro-Goldwyn-Mayer will need to be made after the Hollywood studio failed to make a payment due on its loan on Sept. 30, the International Swaps and Derivatives Association said on Monday.

Iran will continue producing five percent Low enriched uranium (LEU) and will for sure start work on 20 percent enriched uranium production if the Geneva talks are fruitless, the IRNA news agency reported Monday, quoting Ali Shirzadian, spokesman of Nuclear energy agency.

United States First Lady Michelle Obama is set to appear on The Jay Leno Show on Friday, NBC announced on Monday, according to the Associated Press.

American International Group Inc, the insurer bailed out by the U.S. government, has extended $2 billion in credit to its aircraft leasing arm, allowing the lessor to meet debt obligations due last week, according to a regulatory filing on Monday.

Apple Beats Wall St; Gold Gaining on U.S. Policy; Housing Preview

Apple Inc. reports a 46 percent increase in its fiscal fourth-quarter earnings as the company posts higher revenue than a year ago led by better-than-expected sales of iPhones, Mac computers and iPod

Models present creations by Japanese designer Junya Tashiro at a fashion show during Japan Fashion Week in Tokyo, October 19, 2009.

Apple reported better than expected fourth quarter earnings on Monday after the closing bell, sending shares up 7 percent in after hours trading.

Apple Inc, despite its often conservative and sand-bagged guidance, is expected to report impressive fourth quarter results on Monday afternoon, according to The Wall Street Journal.

The Obama administration on Monday launched a program to help the depressed U.S. housing market by effectively allowing state and local housing finance agencies to borrow from the U.S. Treasury.

U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly results.

Google Inc said more than 2 million businesses now use its online office software, and the Web search leader is going global on Monday with an advertising campaign to lure customers away from Microsoft Corp and IBM products.

Talks between Iran and world powers on a deal to allay concerns about Tehran's nuclear drive started well on Monday, the U.N. atomic agency chief said, despite Iran's reported refusal to negotiate with France.

American diva Beyonce has postponed a concert in Malaysia after the country's opposition Islamist party raised protests against her performance, concert organizers said.

Gasoline differentials in markets east of the Rockies are expected to hold unseasonal strong levels this week, after last week's surprise drawdown in inventories, as disciplined refiners hold the line on production, industry sources said on Monday.