IBT Staff Reporter

New York City's police video camera surveillance network will be expanding with the help of $24 million in Federal grants, New York Mayor Michael Bloomberg and Police Commissioner Ray Kelly announced on Sunday.

A Kohlberg Kravis Roberts-led consortium leads the bidding for Northrop Grumman Corp's TASC unit, the Financial Times reported on Sunday, citing people close to the matter.

Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.

Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.

U.S. stocks could hit more speed bumps this week if the start of the third-quarter earnings season offers little evidence that the economic recovery is gaining strength.

Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.

Construction cranes and unfinished high-rise buildings surround the silty marshland where a year from now Cambodia hopes to turn the page on decades of upheaval by opening a stock exchange.

HSBC Chief Executive Michael Geoghegan is cautious about growing too fast because he fears a second economic downturn could force the bank to make write-downs, he said in an interview with the Financial Times.

LONDON A U.S.-led consortium has entered the race to buy Volvo from Ford , the Financial Times reported, in a challenge to China's Geely Automotive , which confirmed its interest in the money-losing Swedish carmaker last month.

Firms Set to Report; Failure Philosophy; Resisting Reform?

Goldman Sachs Group Inc would be due a $1 billion payment if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, the Financial Times reported on Sunday, citing people familiar with the matter.

One in two adult Australians has a blood cholesterol level over 5.5 resulting in a huge cost to the community in terms of lives lost, and financial cost to the nation's Pharmaceutical Benefits Scheme (PBS) in order to control it.

U.S. stocks could hit more speed bumps this week if the start of the third-quarter earnings season offers little evidence that the economic recovery is gaining strength.

Free TV shows on the Internet could be harder to find if Comcast Corp succeeds in acquiring a majority stake in NBC Universal.

Global finance chiefs made little headway on Sunday in overcoming long-standing disagreements over how much power rich nations should cede to major developing countries at the International Monetary Fund.

Global finance chiefs told commercial banks at the weekend that resisting tighter regulation of the industry was futile, though bankers warned the reforms could hurt economic recovery.

The global financial crisis is probably not completely over and banks are likely to experience further setbacks, European Central Bank Governing Council member Axel Weber said in a newspaper interview released on Sunday.

Pope Benedict opened a synod of Roman Catholic bishops on Africa by denouncing the West's materialism and lack of moral values, which he said were contaminating the world's poorest continent like toxic waste.

Indian warships detained a North Korean cargo ship for dropping anchor in Indian waters without permission, a navy spokesman said on Sunday.

A confidential analysis by staff of the U.N. nuclear watchdog has concluded that Iran has acquired sufficient information to be able to design and produce an atom bomb, The New York Times reported on Saturday.

Former Japanese finance minister Shoichi Nakagawa, who resigned his key post after being forced to deny he was drunk at a G7 news conference in February, has died, Tokyo police said on Sunday.

Indonesians dug a pit for a mass burial in the earthquake shattered city of Padang on Sunday, while in nearby hills villagers with wooden hoes clawed in the mud in a near-hopeless search for hundreds entombed by landslides.

A powerful typhoon moved out to sea on Sunday after thrashing the remote northeastern Philippines and killing 17 people and may remain there for days, bringing more rain and possible landslides, officials said.

North Korea's leader Kim Jong-il made a rare appearance to greet visiting Chinese Premier Wen Jiabao, starting a trip that swiftly drew a statement from the North that it was willing to discuss its nuclear weapons.

U.N. experts will inspect Iran's newly disclosed uranium enrichment plant on October 25, the IAEA nuclear agency chief said on Sunday, praising a shift from conspiracy to cooperation in Tehran's dealings with the West.

The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the too big to fail doctrine and shrink the shadow banking system that operates outside the reach of regulators.

Fierce disagreement over how much power rich nations should cede to developing countries clouded talks between global finance chiefs on expanding the role of the International Monetary Fund.

BAE Systems turned down the chance to pay 300 million pounds ($477 million) to settle a bribery investigation and is seeking to review evidence against it before trying to agree a deal, newspapers reported on Sunday.

The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the too big to fail doctrine and shrink the shadow banking system that operates outside the reach of regulators.