IBT Staff Reporter

U.S. accounting rulemakers have proposed requiring new disclosures on how companies value illiquid assets, a move designed to make it easier for investors to assess businesses' financial health.

Oil field services provider, Baker Hughes, said Monday it would acquire oil oil-services firm BJ Services in a $5.5 billion stock-and-cash transaction.

Stocks fell on Monday after Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.

New York Federal Reserve Bank President William Dudley said it is too early to talk about curtailing the central bank's long-term security purchases while the U.S. economic recovery is fragile.

NEW YORK - Merck & Co Inc announced plans on Monday for a reorganization once its acquisition of Schering-Plough Corp closes later this year, including naming leaders for five main divisions.

Oil fell more than 3 percent to around $70 a barrel on Monday as a drop in China's key stock dented optimism about the pace of economic recovery and the U.S. dollar strengthened.

Walt Disney Co said on Monday it plans to buy Marvel Entertainment Inc for $4 billion in a deal that would add characters like Iron Man, Spider-Man, and the Fantastic Four to its entertainment empire.

Chinese banks are expected to seek investment opportunities in Taiwan, hoping to apply new government guidelines and tap the busy cross-strait commerce, J.P. Morgan's (JPM.N) Brian Gu told Reuters on Monday.

South African paper maker Sappi said on Monday it has begun cost-reduction talks at three of its kraft and fine paper mills in South Africa, which may impact 400 staff.

Good news if you love to eat popcorn at the movies--your favorite snack is healthier than previously thought! New research shows that popcorn and cereals contain phenol antioxidants, thought to protect against heart disease and cancer.

Walt Disney Co said on Monday it plans to buy Marvel Entertainment Inc for $4 billion in a deal that would add characters like Iron Man, Spider-Man, and the Fantastic Four to its entertainment empire.

NEW YORK - Walt Disney Co said on Monday it plans to buy Marvel Entertainment Inc for $4 billion in a deal that would add characters like Iron Man, Spider-Man, and the Fantastic Four to its entertainment empire.

Hedge fund firm Citadel Investment Group LLC on Monday said it terminated a plan to sell 120 million shares of E*Trade Financial Corp over the next three months.

For more than two decades, Frank Ramirez has made a living working an unusual job in Silicon Valley: assembling cars and trucks for Toyota Motor Corp and General Motor Co.

Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.

NEW YORK- Oilfield services company Baker Hughes Inc (BHI.N) said on Monday that it would buy peer BJ Services Co (BJS.N) for $5.5 billion in a move to take on sector giants Halliburton Co (HAL.N) and Schlumberger Ltd (SLB.N).

NEW YORK - Entergy Corp's 1,025-megawatt Indian Point 3 nuclear power unit in New York was back at full power early Monday, after shutting late late last week due to an automatic reactor trip, the U.S. Nuclear Regulatory Commission said in its power reactor status report.

U.S. Federal Reserve officials are thinking carefully about tapering off their purchases of mortgage debt to push the $1.45 trillion program into next year rather than end it on Dec. 31 as planned.

NEW YORK - Exelon Corp's 619-megawatt Oyster Creek nuclear power unit in New Jersey was back at full power early Monday, up from about 50 percent of capacity early Friday, the U.S. Nuclear Regulatory Commission said in its power reactor status report.

A fast-growing Silicon Valley start-up firm is aiming to put its methanol-based fuel cells in electric vehicles and plug-in hybrid cars.

AstraZeneca's new pill Brilinta for preventing heart attacks works better than Plavix, the world's second biggest selling drug, without increasing the amount of life-threatening bleeding, researchers said on Sunday.

The roughly 370,000 employees of Volkswagen and Porsche are striving initially to acquire a stake of up to 5 percent in the automotive group, VW's labor chief told a German newspaper.

Columbia Records will release a series of soundtracks from Fox's upcoming musical drama

A sensor made with gold nanoparticles can detect lung cancer in a patient's breath and may offer a diagnosis before tumors show up on an x-ray, Israeli scientists said on Sunday.

Lead guitarist and songwriter Noel Gallagher has quit Oasis, according to a statement he posted Friday night on the band's website.

Irish rock band The Cranberries will reunite after a near seven-year break for a tour in North America and Europe with some new songs and old hits like

New York Federal Reserve Bank President William Dudley said it is too early to talk about curtailing the central bank's long-term security purchases while the economic recovery is fragile.

Oil fell more than 2 percent to around $71 a barrel on Monday as a drop in China's key stock dented optimism about the pace of economic recovery and the U.S. dollar strengthened.

For all the attention heaped on Jon Hamm and the male cast of