IBT Staff Reporter

PC maker Dell Inc is eyeing more acquisitions as part of a turnaround plan and is developing merger expertise, Chief Executive Michael Dell told Bloomberg in an interview on Monday.

American International Group has agreed to sell it's Taiwan life insurance unit for $2.15 billion, a key step in its effort to raise cash after a U.S. government bailout last year saved the company from collapse.

Asian stocks edged up to a 14-month high, while the U.S. dollar steadied on Tuesday, with some investors taking bets that third-quarter U.S. corporate earnings, expected to shrink for the ninth quarter, will be good enough to keep a rally going.

Oil edged below $73 a barrel on Tuesday, after rising for three straight sessions to settle at a seven-week high the previous day, buoyed by a weak dollar and optimism over the pace of global economic recovery.

Bank of America Corp has agreed to hand over to investigators documents describing the legal advice it received related to its purchase of Merrill Lynch, the Wall Street Journal reported on Monday, citing people familiar with the situation.

More People, More Challenges; Recovery Hurdles; Crediting Obama's Policies

British pay-TV giant BSkyB, a broadcaster 39%-owned by Murdoch's News Corporation and chaired by his son James Murdoch, said on Monday that it was launching Sky Songs, a digital music service to challenge Apple's iTunes in the music downloads business.

State-run Ghana National Petroleum Corp believes Kosmos Energy's deal to sell its stake in the huge Jubilee oil field to Exxon Mobil is illegal and is ready to buy the stake itself, a GNPC source said on Monday.

The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.

Home furnishings retailer Pier 1 Imports Inc said sales at established stores rose 9.9 percent in September and said merchandise margins continue to improve, sending its shares up 12 percent.

Despite the recent market decline, Americans are still willing to borrow a large amount of money to buy a home because they are convinced that housing values will rise, writes Robert J. Shiller in his monthly New York Times column.

The Mortgage Bankers Association's second-quarter data book on commercial real estate showed an uptick in commercial loan originations. Yet high unemployment, coupled with disappointing gross domestic product and building transaction totals, tempered any enthusiasm.

California is heating up its push for clean energy, as Governor Arnold Schwarzenegger approved a new subsidy for solar power on Monday and joined forces with the federal government to fast-track renewable energy projects.

Apple iPhone market share is going nowhere but up, both in the US and international market, according to a new report.

The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.

CIT Group Inc is seeing little interest in its debt exchange offer, and is increasingly likely to file for bankruptcy, sources familiar with the matter said.

Negotiators at global climate change talks are not delivering on promises by their leaders to clinch a deal at a key meeting in Copenhagen in December, a top U.N. environmental official said on Monday.

U.S. employers are slowly hiring workers, despite the worst labor market in 26 years, according to a survey on Monday that suggested companies are becoming more confident in the economy's prospects.

The Aussie dollar traded in a narrow range during Asia yesterday bouncing between 0.9020 and 0.9060 for the majority of the session.

Investors are betting on Google Inc's third-quarter results this week to show a recovery in revenue growth, pushing shares of the leading Web search engine to a 12-month high on Monday.

In response to a Federal Communications Commission letter prompted by an AT&T complaint, Google says limits on Google Voice calls are due to exorbitant rates.

The S&P 500 managed a sixth consecutive day of gains on Monday to end at its closing high for the year as energy shares rose alongside the price of oil.

The Obama administration has helped pull the U.S. economy back from the abyss with aggressive efforts to spur growth and stabilize financial markets, a top White House adviser said on Monday.

The Obama administration has helped pull the U.S. economy back from the abyss with aggressive efforts to spur growth and stabilize financial markets, a top White House adviser said on Monday.

Official Washington sounded more upbeat on Monday than it has for weeks in sizing up U.S. President Barack Obama's chances of progress on a climate-change bill in Congress this year.

Comeback pop singer, Whitney Houston, will tour Europe next year making it her first tour in eleven years.

China National Offshore Oil Corp is in talks with Ghana National Petroleum Corp to bid for a stake in a large oil discovery off West Africa, the Wall Street Journal reported on Monday, citing unnamed sources.

The Flaming Lips will play a secret show in Hollywood on Thursday, two days after the release of the Oklahoma City band's first studio album in three years.

The allure of a bigger share of the fast-growing wind power market might force larger engineering companies to target American Superconductor Corp, a maker of electrical systems that run wind farms and turbines.