IBT Staff Reporter

Oil rose more than 1 percent toward $67 a barrel on Monday as U.S. equities jumped and news emerged that Iran was test-firing missiles.

The International Monetary Fund will increase its forecast for global growth next year in the next few days to account for a faster recovery in major economies, its deputy director said on Monday.

The world's two largest diversified healthcare companies struck deals on Monday that will propel them into vaccines, a red-hot area for investors because of the pandemic flu threat and potential high profits for preventing other diseases.

U.S. stocks rose on Monday, halting a three-day losing streak, as a spurt of corporate takeovers in the technology and healthcare sectors fueled optimism about share values.

Dollar's Rebalancing Woes; Deals Boost Stocks; Investors Sue BofA

Three decades after defying the odds and persuading Carlos Santana to try out his hand-built guitar, Paul Reed Smith's quest for perfect tone is still reeling in enthusiasts from all over the world.

Russia's carmaker AvtoVAZ (AVAZ.MM) plans to assemble Nissan's (7201.T) class 'B' cars at its production facilities by 2012, officials and sources at AvtoVAZ and local administration told Reuters on Friday.

The European Central Bank cannot maintain its current strong support of money markets forever, the bank's President Jean-Claude Trichet said on Monday.

U.S. stocks surged on Monday, as several merger deals bolstered investor confidence following three straight days of losses.

Volkswagen (VOWG.DE) and the IG Metall union have struck a wage deal for 95,000 staff in six western German plants that calls for a 4.2 percent pay rise plus one-off payments.

A pledge from Group of 20 leaders to bring the global economy back into balance is not seen as good for the dollar in the long run, underscoring its anemic performance in recent weeks.

Darren Ennis

New United Motor Manufacturing Inc (NUMMI), a joint venture between Toyota Motor Corp (7203.T) and the former General Motors Corp [GM.UL] in California, will shed its entire workforce of about 4,700 by next spring, the Nikkei business daily reported on Saturday.

Martin Roberts

Fertilizer maker CF Industries Holdings Inc said on Monday it has acquired a 7 percent stake in Terra Industries Inc in its latest move to buy the company.

Holley Performance Products, a maker of high-performance carburetors and automotive fuel-injection systems, filed for bankruptcy on Monday, its second filing in less than two years.

Filene's Basement has asked a federal judge to sign off on a deal that the bankrupt department store chain said would eliminate about $70 million in claims held by its former parent Retail Ventures Inc and by DSW Inc.

Norwegian browser maker Opera urged European Union antitrust regulators on Monday not to rush to close its antitrust case against Microsoft before ensuring a level playing field among browsers.

Allen Stanford, the alleged mastermind of a $7 billion fraud, is back in his jail cell after suffering a mild concussion, broken nose and two black eyes in a prison brawl last week, his lawyer said on Monday.

Allen Stanford, the alleged mastermind of a $7 billion fraud, is back in his jail cell after suffering a mild concussion, broken nose and two black eyes in a prison brawl last week, his lawyer said on Monday.

Honduras' de facto government sent troops on Monday to shut down two media stations loyal to ousted President Manuel Zelaya, digging in to resist international pressure for his return to power.

Scores of independent mortgage banks have closed their doors over the past two years due to the challenges of obtaining short-term credit, and two new trade groups have been established in response.

CBS News has reached a deal with the news website GlobalPost to use its 70 correspondents around the world to reinforce its foreign news reporting.

Homeowners who pay off their mortgage loan should notify county officials where the property is located, and file proof that the debt is paid.

According to Exit polls, German Chancellor Angela Merkel won a new term in elections Sunday and looked set to be able to form her preferred center-right coalition.

Oil rose nearly 2 percent above $67 a barrel on Monday as U.S. equities jumped and news emerged that Iran was test-firing missiles.

Here are his six steps to getting the most out of Craigslist as a low-no-cost marketing tool.

New York and New Jersey's economies will likely lag the United States' recovery from its deep recession, due to the importance of the hard-hit financial services sector for the region, economists at the New York Federal Reserve wrote in a report released on Monday.

William Safire, the former speechwriter for Richard Nixon who won a Pulitzer Prize for columns on politics and language for The New York Times, died on Sunday, the newspaper said. He was 79.