IBT Staff Reporter

Lennar Corp reported a deeper-than-expected quarterly loss as the No. 3 U.S. homebuilder wrote down the value of land and generated less revenue than Wall Street had forecast, sending its shares down more than 6 percent.

Russian regional telecom company Sibirtelecom on Monday reported a 57.6 percent drop in first-half net profit, hit by higher operating expenses and foreign exchange losses.

Adecco currently has a opportunities for acquisitions but will keep financial discipline, the chief executive of the world's largest staffing company said in a press interview on Monday.

An investment arm of Goldman Sachs is in talks with Chinese car maker Geely Automotive, which has been linked with both Volvo and Opel, to buy about $250 million of the company's convertible bonds and warrants, two sources said.

Vivendi declined to say on Monday what it planned to do with its 20 percent holding in U.S. media and entertainment group NBC Universal amid mounting speculation that it could decide to unload the stake this year.

U.S. stocks extended losses on Monday, sending the S&P 500 index down 1 percent, after a weaker-than-expected reading in a forward-looking measure of the U.S. economy.

Biogen Idec Inc launched a hostile bid for all shares of Facet Biotech Corp on Monday for $14.50 per share, two weeks after Facet rejected its previous proposal.

Cautious investors may have missed the major gains in eBay Inc's stock price this year, but a growing belief in the Internet giant's comeback suggests the shares still have room to rise.

U.S. stocks fell on Monday as a resurgent U.S. dollar took a toll on commodity prices and investors paused to gauge if the outlook for corporate profits justified the market's recent run to 11-month highs.

America's Got Talent judge David Hasselhoff was reportedly taken to hospital on Sunday, according to entertainment blogging site TMZ.com.

U.S. tax authorities will extend a limited amnesty program for U.S. taxpayers who have undeclared income on foreign accounts to October 15 from September 23, The Wall Street Journal said on Monday, citing unnamed government officials.

Lennar Corp , the No. 3 U.S. homebuilder, reported a larger quarterly loss on Monday, as it wrote down the value of land and other assets to deal with the recession, but it pointed out signs of real estate market recovery.

Oil fell by more than 3 percent to below $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.

Men with a rare disorder in which they carry extra female genes can still have children if they undergo a surgical procedure for collecting their sperm, according to a new study.

Two new blood tests could help doctors detect colon and stomach cancers simply, cheaply and early without the need for invasive procedures or unpleasant examinations, researchers said on Monday.

Patients with melanoma, a notoriously difficult to treat cancer of the skin, live longer when given Roche's drug Avastin, according to a scientific abstract from Europe's top cancer meeting.

Daimler's (DAIGn.DE) chief executive is sticking to the company's long-term EBIT profit margin target of 10 percent for its Mercedes-Benz Cars division but is unclear when the company will reach it, he was quoted as saying in a newspaper interview on Sunday.

U.S. stocks headed for a lower open on Monday as a resurgent U.S. dollar took a toll on global commodity prices, with futures suggesting Wall Street would open down nearly 1 percent.

The United States and Europe face a new health threat from a mosquito-borne disease far more unpleasant than the West Nile virus that swept into North America a decade ago, a U.S. expert said on Friday.

European companies outnumbered North American companies on a list of how well global corporations were disclosing their emissions of greenhouse gasses and plans to guard themselves against financial risks associated with climate change, a survey showed on Monday.

Volkswagen's (VOWG.DE) premium unit Audi (NSUG.DE) expects to reach its unit sales target for China two years earlier than previously planned, Audi's head of sales told industry publication Automobilwoche.

Independent oil and natural gas company Petrohawk Energy Corp said it agreed to sell its Permian basin properties for $376 million to a privately held company.

More than 35 million people globally will suffer from Alzheimer's disease or other forms of dementia in 2010, and few will get any treatment at all, according to a report released on Monday.

Entergy Corp's 967-megawatt River Bend nuclear power reactor in Louisiana was shut as of early Monday, the U.S. Nuclear Regulatory Commission said in its daily power reactor status report.

Wells Fargo Securities cut Starwood Hotels & Resorts IncGaylord Entertainment Co and Host Hotels & Resorts Inc to underperform from market perform on valuation.

The head of Porsche's (PSHG_p.DE) core sports car business said the company could sell 150,000 cars a year in the mid to long-term but new models would be needed to achieve this goal.

A daily dose of aspirin can prevent cancer in people with a genetic disorder that increases their risk of developing the disease, scientists said on Monday.

Pressure Grows on BofA; Dell Acquires Perot; Global Stocks Slip

Russia's top general said on Monday that plans to deploy missiles in an enclave next to Poland had not been shelved, despite a decision by the United States to rethink plans for missile defense in Europe.