IBT Staff Reporter

InfrastruX Group Inc, a provider of services to gas and electricity companies, is seeking to raise up to $290 million in an initial public offering, according to a regulatory filing on Monday.

Satellite imagery company DigitalGlobe Inc posted a lower second-quarter profit, hurt in part by charges, and forecast full-year profit largely below Wall Street expectations.

Fluor Corp, the largest publicly traded U.S. engineering company, reported a better-than-expected profit along with growth in its order backlog despite a very challenging economic environment.

JB Hi-Fi Ltd, an Australian home electronics retailer, forecast a 20 percent jump in annual sales for its current fiscal year as it reported on Tuesday a 45 percent leap in net profit for 2008/09.

Shares of Centerra Gold fell more than 9 percent on Monday on expectations that parent company Cameco Corp was set to sell its 49 percent stake in the gold miner.

Canada's Verenex Energy Inc posted a narrower quarterly loss, and said it continued to seek consent from Libyan authorities for the sale of the company.

A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp over the payment of bonuses to Merrill Lynch & Co employees, saying he was unable to determine if it was fair to the public.

Seven Norwegian municipalities and a Norwegian securities broker are suing Citigroup Inc for more than $200 million in damages after they lost millions of dollars on investments sold by the U.S. bank two years ago.

NEW YORK (Reuters Life!) - After relying on a pacemaker for 20 years, Carol Kasyjanski has become the first American recipient of a wireless pacemaker that allows her doctor to monitor her health from afar -- over the Internet.

Pequot Capital Management Inc, once a prominent hedge fund firm, has been named dozens of times in private reports that alerted U.S. financial regulators to possible insider trading or other misconduct, according to Bloomberg News.

China Unicom and China Telecom users will be eligible to apply for accounts with China Mobile's Fetion mobile instant messaging service beginning in November, CCTime said on Monday citing an inside source from China Mobile.

Goldman Sachs Group Inc will have to give up its personnel information on a former employee accused of stealing trade secrets, after a U.S. judge on Monday denied the firm's motion to quash a request by the computer programmer's lawyer.

Facebook Inc. said it has acquired FriendFeed, a start-up that allow users to share links and status updates online, folding in a potential rival that struggled to take off.

A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp over the payment of bonuses to Merrill Lynch & Co executives, saying he was unable to determine if it was fair to the public.

Typhoon Morakot which slammed into China's east coast had affected over 8.836 million residents, with 1.429 million evacuated, six killed and three missing, by 19:00pm of Monday, Ministry of Civil Affairs said.

Smart Meter producer Echelon Corp. saw its shares spike as much as 40 percent early Monday after announcing a long-term deal to supply smart meters to the third largest utility in the United States, Duke Energy Corp. North American nations said they would build a capacity and infrastructure with the view to facilitate future cooperation in greenhouse gas emissions trading systems to fight climate change.

A massive magnitude 7.6 earthquake struck India's Andaman Islands on Monday, triggering a tsunami warning for India, Myanmar, Indonesia, Thailand and Bangladesh, according to the U.S. Geological Survey (USGS) report.

A federal judge criticized on Monday a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp over the payment of bonuses to Merrill Lynch & Co executives.

The United States, Canada and Mexico on Monday unveiled steps to accelerate the commercialization of carbon capture and sequestration technologies in North America during the two-day North American Leaders Summit, in Guadalajara, Mexico which concluded on Monday.

The head of Hyundai Group will make a three-day trip to Pyongyang on Monday afternoon trying to win the release of a detained employee, the group said in a statement.

Facebook Inc. said it has acquired FriendFeed, a start-up that allow users to share links and status updates online, folding in a potential rival that struggled to take off.

Reality TV star Kate Gosselin who is going through a divorce process with her husband and co-star of the show Jon Gosselin, spoke in the first interview since both announced the bad news on TLC's show Jon & Kate Plus 8.

Stocks fell on Monday, but were off their session lows, as investors booked profits following a four-week rally that took the broad S&P 500 index to a 10-month high on Friday.

Barnes & Noble Inc plans to buy Barnes & Noble College Booksellers Inc for $596 million, in a deal that will expand the retailer's store base while providing entry into the burgeoning digital textbook book arena.

Mylan (MYL) has been approved to make a generic version of migraine headache medicine Imitrex from GlaxoSmithkline and is set to ship the drug immediately.

Barnes & Noble Inc plans to buy Barnes & Noble College Booksellers Inc for $596 million, in a deal that will expand the retailer's store base while providing entry into the burgeoning digital textbook book arena.

State Street Corp , one of the world's biggest institutional investors, said on Monday it may not have set aside enough money to cover fees and penalties linked to lawsuits and investigations by regulators into risky investments.

Former Alaska Governor Sarah Palin called for courtesy on Sunday in the debate on health care reform via her Facebook page.