IBT Staff Reporter

New York Attorney General Andrew Cuomo, probing illegal marketing and sales of auction rate securities , is likely to file a lawsuit on Monday against Charles Schwab Corp for civil fraud, the Wall Street Journal said, citing people familiar with the matter.

Australia's No.3 iron ore miner, Fortescue Metals Group , has agreed to supply China at a 3 percent discount to prices offered by its bigger rivals, in a deal that will allow Chinese steel mills to claim a partial victory in their quest for a better iron ore settlement.

Japan's economy grew 0.9 percent in the three months to June, marking the first expansion in five quarters on the back of exports and government stimulus spending, but analysts say it will be a long road to a sustained recovery.

U.S. banking regulators have asked prospective buyers of struggling Texas bank Guaranty Financial Group to submit bids by Monday, the Financial Times reported, citing people familiar with the matter.

Tax Deal Details Emerging; DNA Microchips? Lucratrive Trade

Toyota Motor Corp is looking to end production at a joint venture factory in California that it had held with General Motors in March 2010, Japan's Asahi Shimbun reported on its website.

The yen was broadly firmer on Monday after weak economic data out of the U.S. clouded the outlook for a quick global recovery, prompting further profit taking in commodity-linked currencies after their sizzling rally.

Oil prices fell below $67 a barrel on Monday, extending the previous session's 4.3 percent decline, as poor U.S. economic data clouded the outlook for a quick global recovery and prompted further profit taking.

Reports are spreading online that Eminem has died in a car crash.

District 9, a gritty, low-budget space alien movie set in South Africa with a cast of unknowns, opened as Hollywood's No. 1 film, grossing more at the box office its first weekend than it cost to make.

Comcast Corp has been hoarding cash to better manage its balance sheet but investors worry that it could be building a war chest for a splashy acquisition similar to its failed 2004 bid for Walt Disney Co.

The deal initialed last week between the United States and Switzerland over UBS will involve the disclosure of around 5,000 holders of secret Swiss accounts, weekly newspaper NZZ am Sonntag said on Sunday.

The Australian Dollar opens the new week lower at 0.8283. The Aussie hit an eleven-month high of 0.8475 last Friday after the Reserve Bank of Australia governor Mr Glenn Stevens said a normal cash rate is noticeably higher than the current level of 3 per cent.

The Peter Jackson produced sci-fi thriller

Usain Bolt of Jamaica shattered his own world record in the 100 meters dash on Sunday with a time of 9.58 seconds at the World Championships in Berlin.

U.S. stocks could extend last week's retreat after a four-week advance as the earnings season winds down and investors search for signs that consumer spending will help sustain an economic recovery.

U.S. President Barack Obama reignited his criticism of health insurance companies on Saturday, promising reforms that would prevent firms from capping coverage or charging outrageous fees.

U.S. senator Jim Webb said on Sunday he had asked Myanmar to free opposition leader Aung San Suu Kyi and let her take part in politics during talks that secured the release of an American jailed for visiting her.

President Mahmoud Ahmadinejad said on Sunday he would propose at least three female ministers in his new cabinet following Iran's disputed election, an unprecedented move in the conservative Islamic state.

The deal initialed last week between the United States and Switzerland over UBS will involve the disclosure of around 5,000 holders of secret Swiss accounts, weekly newspaper NZZ am Sonntag said on Sunday.

Opel labor leader Klaus Franz branded Volkswagen's renewed threat to pull business from Canadian auto parts supplier Magna if it acquires VW's closest German rival as tantamount to blackmail.

A successful Doha round trade deal could boost the global economy by $300-700 billion a year, a study by the Peterson Institute for International Economics said.

Comedian Jerry Seinfeld will be the first guest on Jay Leno's new primetime TV show in September, NBC said on Friday.

The British government is prepared to tighten the laws on bankers' pay and bonuses if companies continue to reward excessive risk-taking, finance minister Alistair Darling told the Sunday Times newspaper.

Indian Bollywood star Shah Rukh Khan said he felt angry and humiliated after he was detained and questioned at a U.S. airport, sparking an uproar in India among his fans.

There is speculation that Radiohead will issue a new digital EP as early as Monday, after the leak of a track online assumed to be a new song by the band.

A Massachusetts judge has issued an arrest warrant for Grammy Award-winning R&B singer Bobby Brown for failure to pay child support, local media reported on Friday.

Singer Kelly Clarkson and basketball superstar LeBron James are teaming up with the Bill & Melinda Gates Foundation and broadcaster Viacom for a TV special to encourage America's youth to

MC Hammer doesn't want to hurt 'em. Again.