IBT Staff Reporter

U.S. navigation device maker Garmin Ltd is in early talks to buy Britain's Raymarine Plc in a bid to gain market share in Europe.

Reader's Digest Association Inc, publisher of the widely-read Reader's Digest magazine, said on Monday it would likely file for Chapter 11 bankruptcy for its U.S. businesses to cut its debt load.

Hurricane Bill was centered about 1,100 miles east of the Lesser Antilles on Monday morning and was moving West-Northwest at a speed of about 22 mph. Experts predicted that the Hurricane Bill is likely to make landfall.

NYSE Euronext Inc sees encouraging signs for U.S. initial public offerings in 2010 as investors venture back into equities, top executives at the parent of the New York Stock Exchange said on Monday.

ABC has released the names of celebrities set to appear on season nine of

Hurricane Bill gained speed and is expected to become the first hurricane of the season as it makes its way toward Bermuda later this week. Ana may dissipate today in the Caribbean according to reports from the National Hurricane Center.

Apple's iPhone has passed the entry-net test, signaling that it's a step closer to the huge Chinese market, Sina Tech said on Monday.

The U.S. Federal Reserve said on Monday it will extend to mid-2010 an emergency program aimed at boosting lending in the ailing commercial real estate market.

Consumers, the cornerstone of U.S. economic activity, are still in disarray, data and central bank measures signaled on Monday, as households struggle amid the worst recession since the Great Depression.

U.S. homebuilder sentiment in August rose to its highest level in over a year, a private survey showed on Monday, adding to mounting evidence that the housing market and economic recession were leveling out.

Oil fell nearly $2 to below $66 a barrel on Monday as investors became more cautious about the pace of global economic recovery and a potential revival in energy demand.

The euro hit a two-week low against the dollar and neared a one-month trough against the yen on Monday as world stock markets fell and doubts about a U.S. recovery prompted investors to cut exposure to risk.

China reduced its holdings of U.S. Treasury debt in June by the biggest percentage in nearly nine years, according to Reuters historical data and a Treasury Department report issued on Monday.

ABC unveiled Monday the full cast for the ninth season of its TV Show Dancing With the Stars on Good Morning America.

U.S. stocks slid on Monday, dropping after a bleak outlook from home improvement giant Lowe's and weak economic figures from Japan reignited concerns about world demand.

German carmakers Porsche (PSHG_p.DE) and Volkswagen (VOWG.DE) might merge in 2010 already instead of 2011 as currently planned, German newspaper Die Welt reported, citing VW's finance chief.

Southeast regional bank BB&T Corp , which on Friday agreed to buy assets of lender Colonial Bank, said it is making an offering of $750 million of its common stock.

South Korean Yang Yong-eun became Asia's first male major winner after overhauling Tiger Woods in stunning fashion to clinch the U.S. PGA Championship by three shots on Sunday.

Toyota Motor Corp said on Monday it has no plans to build a hybrid car at its Valenciennes factory in northern France, denying a report in La Tribune.

Wall Street tumbles on global recovery concerns, Fed, Treasury extend TALF to mid-2010 for CMBS; CIT completes debt tender, buys time to restructure

Heavy subsidies shelled out by telecom operators around the world to lure consumers to buy an Apple iPhone have done nothing to increase profits, and have even dented them in some cases, a research report showed on Monday.

Oil fell over 3 percent to below $66 a barrel on Monday, its lowest this month, as investors became more cautious about the pace of global economic recovery and a potential revival in energy demand.

A gauge of the New York state factory sector showed growth for the first time since April 2008, signaling manufacturers could lead the U.S. economy out of the worst downturn in 70 years.

The competitors of Dancing With The Stars were announced on Good Morning America earlier on Monday.

Stocks fell broadly on Monday as ongoing concerns about the speed of a global economic recovery were compounded by data from Japan, which showed that while the world's No.2 economy returned to growth, the recovery may be shaky.

CIT Group Inc said on Monday it completed its tender offer for $1 billion in debt maturing today, buying the company more time to attempt to restructure its debt and stave off bankruptcy.

The world must remain on its guard against H1N1 influenza, which has been mild so far but could become more serious as the northern hemisphere heads into winter, the head of the World Health Organization said on Sunday.

The government-run health insurance option favored by President Barack Obama is not essential to a healthcare overhaul as long as the final measure boosts competition, a top U.S. health official said on Sunday.

Russia has found a missing merchant ship, whose disappearance baffled European maritime authorities, near the Cape Verde islands and the crew are alive, Defence Minister Anatoly Serdyukov said on Monday.