IBT Staff Reporter

Microsoft Corp's new Bing search engine continued to take share from Google Inc, grabbing 9.3 percent of the U.S. Internet search market in August, according to data released on Monday.

President Barack Obama insisted he can overhaul the U.S. healthcare system without raising taxes for anyone but the wealthiest Americans, in a media barrage on Sunday as he sought to take control of the debate on his top domestic policy priority.

The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice.

According to UCLA economist, Lee E. Ohanian, concluded in a new study that the great depression was caused by Pro-labor policies pushed by President Herbert Hoover after the stock market crashed in 1929.

Bank of America failed to meet a Monday deadline to hand lawmakers further details about its acquisition of Merrill Lynch and faces the possibility of new charges from U.S. securities regulators.

Apple should consider acquiring Sonos if it wants to lead in the home audio networking market, a small niche with big potential, according to an analyst.

Dell Inc plans to buy Perot Systems Corp for about $3.9 billion, paying a steep 67.5 percent premium to expand its technology services business and compete with Hewlett-Packard Co and IBM.

Yahoo Inc hopes to get up to $500 million for a unit that hosts websites for small companies, after putting it on the market for several months, two people familiar with the matter said.

French media company Vivendi SA will decide whether to unload its 20 percent stake in NBC Universal by early December, setting the stage for a sale that may draw far more headlines than bidders.

Yahoo Inc hopes to get up to $500 million for a unit that hosts websites for small companies, after putting it on the market for several months, two people familiar with the matter said.

Intel Corp and the European Commission took divergent views on Monday of the Commission's release of the 517-page decision that underpins its 1.06 billion euro fine on the chip maker.

Technology distributor Synnex Corp posted a better-than-expected quarterly profit, helped by lower costs and an 18 percent rise in its global business service revenue, and forecast fourth-quarter results in line with Wall Street expectations.

President Barack Obama will deliver his first speech to the U.N. General Assembly on Wednesday and lay out his foreign policy vision.

U.S. phone companies may be forced to open their wireless networks to rival Internet services like Skype and Google Voice under a proposal brought out by the top telecom regulator to safeguard so-called Internet neutrality.

Bank of America Corp will end a nine-month old, $118 billion asset-guarantee program with the U.S. government, paying a $425 million exit fee, the company announced on Tuesday.

Insurance risk assessment specialist Verisk Analytics Inc on Monday set the terms of its initial public offering, saying it expects the offering to yield $1.7 billion in what could become the largest U.S. IPO in a year and a half.

Three companies backed by major investment firms plan initial public offerings this week to take advantage of distressed commercial real estate, but they face stiff competition and major risks if the market takes a long time to recover.

U.S. phone companies may be forced to open their wireless networks to rival Internet services like Skype and Google Voice under a proposal brought out by the top telecom regulator to safeguard so-called Internet neutrality.

Bank of America Corp failed to meet a Monday midday deadline to hand over further details about its acquisition of Merrill Lynch to a congressional investigative committee, a panel spokeswoman said.

Apple has been rated the 20th best global brand across a variety of industries, up from the 24th spot a year ago, according to this year's Interbrand report.

Bank of America Corp is close to exiting a loss-sharing deal with the Federal Reserve Board and U.S. Treasury that was designed to buttress against potential loan losses, the Wall Street Journal reported on Monday.

With the jobless rate rising even as the recession eases its grip, the U.S. House of Representatives is expected to pass a bill this week to extend unemployment benefits for those who risk exhausting them.

Valero Energy Corp said a small fire was quickly extinguished on Monday morning at its 100,000 barrel per day (bpd) Three Rivers, Texas, refinery, which is currently shut for a planned overhaul.

Spain's biggest bank Santander could raise about 13.13 billion reais ($7.3 billion) by listing 16.2 percent of its Brazilian unit in the Latin American country's biggest ever initial public offering.

The Dow industrials and the S&P 500 index fell on Monday as a drop in oil and other commodity prices hurt energy and materials stocks.

Top British pop acts disagreed on Monday over how to tackle illegal file sharers, with singer Lily Allen challenging a new statement from a group of artists that includes Annie Lennox and Radiohead.

A measure of the U.S. economy's prospects scaled a 1-1/2-year high in August but a record rise in home loan defaults cast doubts on the durability of the apparent recovery from recession.

President Barack Obama's multitasking abilities will be tested this week as he juggles war, diplomacy and finance on a high-profile world stage along with the American public's top concern: the U.S. economy.

Apple has been long rumored to be working on an Apple Tablet PC - which the company has not confirmed or denied its existence and when it may be released - it now appears that Microsoft is hard at work on an Apple Tablet killer.