IBT Staff Reporter

New York City will join the celebration of Columbus Day with the 65th Annual Christopher Columbus Day Parade on Monday beginning at 11:00 am EST.

Oil rose by more than $1 a barrel to a six-week high above $73 on Monday, supported by optimism about the pace of global economic recovery and indications of stronger oil demand.

LG Electronics Inc said on Monday a U.S. International Trade Commission judge has ruled it has not infringed Whirlpool Corp's patent for ice storage bins placed in refrigerator doors.

Israeli chip maker Tower Semiconductor Ltd (TSEM.O) said on Monday it would be the exclusive manufacturer of power automotive devices for C&S Technology in South Korea.

Stocks rose on Monday as continued optimism over the economy lifted energy and other commodity prices, which were also helped by a weaker U.S. dollar.

India's auction of exploration blocks evoked a tepid response as the economic slump, valuations and a corporate battle over the sale of natural gas from Reliance Industries' field put off investors, officials and analysts said.

Geely Automobile Holdings Ltd (0175.HK) said on Monday that it posted record sales of 32,053 cars in September, more than double the same month last year and up 40 percent from August.

General Motors GM.UL is on track to sign a contract this week to sell a majority stake in European carmaking arm Opel to a Canadian-Russian consortium, Opel labor leader Klaus Franz told Reuters.

A senior Iranian energy official said on Monday the value of a possible new liquefied natural gas development deal with France's Total had fallen to $7.5-8 billion, state broadcaster IRIB reported.

Germany could end up shouldering the entire burden of aid for Opel because Britain and Spain remain reluctant to support the planned sale of the carmaker to Canada's Magna, a Free Democrat (FDP) politician said.

Saudi Aramco and France's Total are expected to pay more than $12 billion to build the Jubail oil refinery, a senior company executive said on Monday.

The auto boom came fast to this harbor town on Lake Michigan where Ramblers first rolled off the line a century ago.

London's junior market for smallcaps, the Alternative Investment Market (AIM), has regained much of the ground it lost since the end of last year, and looks set to continue outperforming in the final quarter, with delistings slowing.

Global steel consumption will rebound by more than 9 percent next year, recovering after this year's 8.6 percent decline, which was less severe than earlier expected thanks to strong China growth, a global body said on Monday.

The dollar gained for the second straight session against the yen on Monday, rising to a more than two-week high, with traders covering short positions as they debated the timing of a tightening in U.S. monetary policy though some investors remained cautious.

Elinor Ostrom and Oliver E. Williamson, two American economists, were awarded the 2009 Nobel Prize in economics early Monday.

Kenosha, Wisconsin on the shores of Lake Michigan has a long history in automotive history that will die if a Chrysler engine plant is shut as planned next year.

With the blessings of the prime minister himself, the relisting of Malaysia's top telecom firm Maxis Bhd next month was destined to be a blockbuster, but tepid response from domestic funds so far suggests otherwise.

Considering what pain medication to give your kid with a broken arm? Ibuprofen - marketed as Advil - is just as good as the potent combination of acetaminophen (Tylenol) plus codeine, with fewer side effects, according to a new study.

Prime Minister Gordon Brown gave his backing on Monday to the central bank's program of pumping money into the economy to help pull Britain out of recession.

Having a stressful childhood may slash decades off a person's life, researchers from the Centers for Disease Control and Prevention (CDC) report.

Manroland, the world's second-biggest maker of printing presses, has called off merger talks with Heidelberg due to poor financial results at its troubled larger rival, three sources familiar with the matter said.

Treating pregnant mothers, and then their infants, with select strains of probiotics -- bacteria present naturally in the body and sometimes added to food or dietary supplements to boost immune function -- may help prevent a skin condition known as eczema in children with a family history of allergies,

Mining group Xstrata Plc agreed to sell its 70 percent interest in the El Morro copper-gold project in Chile for $465 million to Canada's Barrick Gold Corp, Xstrata said on Monday.

Eating certain kinds of fats may actually help obese women with diabetes trim some body fat, a small study suggests.

Mining group Xstrata has told a top-10 shareholder that it would likely abandon its pursuit of rival Anglo American, the investor said on Monday.

It could take years for the World Health Organization to downgrade the H1N1 flu from a pandemic to seasonal-like virus, the U.N. agency said on Friday.

A U.S. government media event to promote H1N1 school vaccinations on Friday included VIPs, cute kids and a phalanx of television cameras -- but only one in five children at the school had proper parental consent to get immunized.

Want to reduce your risk of skin cancer? Wear sun screen, of course. But two new studies suggest that choosing your relatives carefully could also be helpful.