IBT Staff Reporter

Sprint Nextel Corp's proposed $483 million merger with Virgin Mobile USA Inc received antitrust clearance, the U.S. Federal Trade Commission said on Monday.

U.S. stocks ended the day barely changed on Monday as investors took a break from a four-day rally that lifted major indexes to 10-month highs.

Yahoo unveiled a series of upgrades on Monday to its email, instant messaging and Internet search pages, as part of the company's plan to revive its online advertising business by making its core Web properties more appealing to users.

Taylor, Bean & Whitaker Mortgage Corp filed for Chapter 11 bankruptcy protection and said it may liquidate, three weeks after it closed its mortgage lending business and was suspended by a federal agency.

Angelina Jolie and Brad Pitt have purchased a French chateau for almost $74 million, according to a report from celebrity blogger Perez Hilton on Monday.

Italian fashion house Prada is not in talks over the sale of a minority stake, a spokesman for the company said on Monday.

General Motors Co is considering keeping its Opel business in Europe instead of selling it by winning billions of dollars in aid from the U.S. and European governments, the Financial Times reported on Monday.

U.S. stocks ended the day barely changed on Monday as investors took a break from a four-day rally that lifted major indexes to 10-month highs.

A search warrant affidavit has showed that Michael Jackson had lethal levels of Propofol in his system when he died, the Associated Press reported.

China's Sinopec Corp said on Sunday its net profit in the first half of 2009 rose by 332.8% year-on-year, due to adjusted refined oil prices on the domestic market.

Afghanistan's finance minister claimed victory on Monday for President Hamid Karzai in last week's presidential election but, with no official figures released, the claim was rejected by his main rival's camp.

Nine Inch Nails fans in New York got more than they bargained for Sunday, when the rock band played its 1994 classic

Bank of America Corp mounted an aggressive defense of Merrill Lynch & Co's awarding of $3.6 billion of bonuses last year, as it tries to persuade a federal judge to approve a settlement with the U.S. Securities and Exchange Commission over its own disclosures.

On-line health supplement retailer and manufacturer Vitacost.com set the estimated price range on Monday for shares in its planned initial public offering, a sign that its stock flotation could be imminent.

Apple Inc said on Monday its new operating system for Mac computers will go on sale this Friday, a bit earlier than expected, as the company looks to continue to expand its share of the PC market.

Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures.

Apple Inc said on Monday its new operating system for Mac computers will go on sale this Friday, a bit earlier than expected, as the company looks to continue to expand its share of the PC market.

The Obama administration pledged on Monday to stay out of General Motors Co's choice of a buyer for its Opel unit in Europe as German union leaders put more pressure on the U.S. automaker to make a decision.

Miami Heat forward Michael Beasley last week checked into a rehabilitation hospital in Houston to seek help for possible substance problems and psychological issues, according to multiple media reports Monday.

Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures.

Senator Ted Kaufman on Monday asked U.S. regulators to undertake a comprehensive review of several questionable developments in the structure of capital markets, the latest lawmaker to weigh in on so-called dark pools, flashes, and high-frequency trading.

Eddie Cibrian's wife, Brandi Glanville, said she hopes to file divorce papers soon in the midst of a scandal surrounding her husband and country singer LeAnn Rimes, People Magazine reports.

Oil prices gained on Monday, briefly touching a 10-month high near $75 a barrel on expectations an economic recovery would revive ailing world energy demand.

Stocks edged higher on Monday, but pulled back from intraday peaks after a four-day rally that drove the major indexes to 10-month highs.

Bank of America Corp has agreed to pay $150 million to settle a class-action lawsuit accusing the former Merrill Lynch & Co of misleading investors in connection with the sale of bonds and preferred stock, court records show.

Ryan Jenkins, a Megan Wants A Millionaire contestant wanted for the murder of his former playboy wife in California has been found dead in a motel near Vancouver, Canadian police said on Sunday.

Oil prices rallied to a 10-month high near $75 a barrel on Monday, part of a broad global rally in commodities and equities markets propelled by expectations for an economic recovery.

Shares of chipmaker Advanced Micro Devices Inc rose nearly 10 percent on Monday after Citigroup upgraded the company to a buy.

The publisher of Reader's Digest on Monday filed for Chapter 11 bankruptcy protection, carrying out its plan to cut debt and transfer ownership of the 87-year-old U.S. magazine and other businesses to a group of lenders.