IBT Staff Reporter

Prime Minister Gordon Brown plans to detail a sale of government assets on Monday aimed at raising 3 billion pounds, a draft of a speech provided by his office showed on Sunday.

Venezuela's socialist leader Hugo Chavez said on Sunday that U.S. President Barack Obama had done nothing beyond wishful thinking to earn the Nobel Peace Prize.

A man wanted in connection with the hijacking of a Pan Am flight to Cuba nearly 41 years ago was arrested in New York on Sunday, a Justice Department official said.

Tengzhong, a little-known Chinese machinery maker that has agreed to buy GM's Hummer brand, aims to close the deal by early 2010 and has begun to seek regulatory approval for the purchase.

Oracle and Sun SPARC SOLARIS world record TPC-CpPerformance beats IBM's best results on DB2 with power 595 server, both companies announced during the opening keynote on Monday night at Oracle OpenWorld 2009 in San Francisco.

Sometimes, much weirder things happen at the MTV Video Music Awards than Kanye West interrupting an acceptance speech.

Investment bank Lazard Ltd said on Sunday that Chairman and Chief Executive Bruce Wasserstein, a legendary dealmaker, had been hospitalized for an irregular heartbeat.

The critically maligned Vince Vaughn comedy Couples Retreat easily took the top spot at the weekend box office in North America on Sunday, helped by the absence of any other new releases.

Director Roman Polanski is feeling depressed two weeks after his arrest in Switzerland to face U.S. extradition for a 1977 case involving the rape of a 13-year-old girl, his lawyer was quoted as saying on Sunday.

Luis Armando Pena Soltren, a man wanted for the hijack of flight 281 of Pan American in the 1960's was arrested on Sunday in a New York City airport.

Boyzone singer Stephen Gately, 33, who caused a sensation in the pop world 10 years ago by announcing he was gay, died while on holiday in Mallorca, Spain, the Irish pop group's official website said on Sunday.

Teen star Miley Cyrus used a rap video on Friday to tell a curious world just why she had abruptly deleted her popular Twitter account.

Private equity firm Blackstone Group LP is planning to list up to eight companies it owns and sell at least five others, the Financial Times said on Monday.

Credit Tight for Small Biz; Inflation Underestimation; Citi's Tax Charge?

Citigroup Inc is expected to be fined $600,000 by the Financial Industry Regulatory Authority over derivatives transactions that helped foreign clients avoid taxes on dividends, a source familiar with the matter said on Sunday.

Small companies create more than half of America's jobs, but the entrepreneurs who drive this part of the economy continue to complain that access to credit two years into the recession remains scarce.

Research has highlighted a number of barriers faced by Melbourne parents when providing healthy lunchboxes for their children including poor knowledge about basic nutrition.

Comments by U.S Federal Reserve Bank Chairman Ben Bernanke relating to interest rates and inflation kept a lid on the Aussie dollar heading into the weekend and it opens this morning relatively unchanged from Friday''s Asian close at 0.9035.

There may not be as much slack in the U.S. economy as many forecasters believe, which means medium-term inflation risks could be higher, a Federal Reserve official said on Sunday.

Tyson Foods Inc. said Sunday that Japan had blocked beef shipments from one of its plants because they did not comply with safety standards designed to guard against mad cow disease.

China has formally relaxed rules on inbound portfolio investment, raising the maximum sum a single institution may invest to $1 billion from $800 million, the State Administration of Foreign Exchange (SAFE) said.

The stock market is set to continue its winning ways in the coming week as momentum builds during earnings season.

Foreign Secretary Nirupama Rao has warned of a clear and present danger to the international community from militants in Pakistan after a bomb attack on the Indian embassy in Kabul that it has hinted may have come from across the border.

A French physicist of Algerian descent, arrested on suspicion of collaborating with Islamic militants, made only vague references to attacks in emails intercepted by U.S. intelligence services, a magistrate told Reuters on Sunday.

The Philippines shifted its efforts on Sunday to sending relief in northern provinces devastated by floods and cut off by landslides as the death toll and damages from two typhoons this month rose to art least 530.

President Dmitry Medvedev faced a test of his pledge to boost Russian democracy on Sunday when polls opened for 30 million voters in regional elections the opposition says have been rigged.

Pakistani commandos stormed an office building Sunday and rescued 39 people taken hostage by suspected Taliban militants after a brazen attack on the army's headquarters.

President Barack Obama, speaking on the eve of a major gay-rights march, told gay supporters on Saturday he would fight for their causes and renewed a pledge to end restrictions on their service in the U.S. military.

U.S. Secretary of State Hillary Clinton said on Sunday that international powers would not wait forever for Iran to prove it was not developing nuclear bombs.