IBT Staff Reporter

Media conglomerate E.W. Scripps Co posted a surprise quarterly profit, helped by lower expenses even as advertising revenue slumped, and said it amended a credit agreement, sending its shares up as much as 33 percent.

Michael Jackson's last rehearsals for a planned mega-concert series will become a film that will be released on October 30, Sony said on Monday.

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

China planned an e-platform for police in Hong Kong, mainland and Macau to join hands to crack on cross-boundary crime.

General Motors Co and eBay Inc are launching a test program in California that will allow consumers to negotiate with dealers and buy new vehicles online, the companies said on Monday.

A U.S. regulator fined a unit of Credit Suisse Group AG $275,000 for failing to make independent research available to customers, as required under an industrywide settlement over alleged faulty stock research.

General Motors Co and eBay Inc are launching a test program in California that will allow consumers to negotiate with dealers and buy vehicles online, the companies said on Monday.

Chinese citizens are allowed to tour another nine nations, including the United Arab Emirates (UAE) in the Middle East, from September 15, according to the National Tourism Administration.

Dell will launch a mobile phone in China in the next day or two, according to TechCrunch, which cites “a source with knowledge of the situation.”

Stocks fell on Monday, led by retailers, as investors booked profits following a four-week rally, though losses were limited by strong July sales at McDonald's Corp .

McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.

U.S. stocks fell on Monday, led by retailers, as investors booked profits following a four-week rally, though losses were limited by strong July sales at McDonald's Corp .

The worst U.S. recession since the Great Depression will probably end in the third quarter, but uncertainty exists over the speed and duration of the economic recovery, according to the most recent survey of private economists.

It is a dash of Hulu and a sprinkle of YouTube, features a crystal clear picture, can rewind or fast-forward at lightning speed, and doesn't require a download of any special software.

Oil prices dipped toward $70 a barrel on Monday tracking modest Wall Street losses on the eve of a meeting of the U.S. Federal Reserve, and after OPEC's president said current prices are not bad.

Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker works to sell off all of its major assets.

It's Ending but When?; Shaky Wall St; Phone Giant Winds Down

U.S. stocks slipped on Monday as a four-week rally encouraged investors to take profits, but McDonald's better-than-expected July sales pushed up the Dow component, briefly lifting the index to a positive territory.

Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets.

The worst U.S. recession since the Great Depression will probably end in the third quarter, but uncertainty exists over the speed and duration of the economic recovery, according to the most recent survey of private economists.

Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. Nortel, once North America's biggest maker of telephone gear, also posted a bigger quarterly loss due to big reorganization costs and plunging sales, which it blamed on the weak economy.

Dynegy Inc said it will sell eight power plants to private equity firm LS Power for around $1.5 billion in cash and stock, basically ending a two-and-a-half-year joint venture between the two companies.

Oil prices edged above $71 a barrel on Monday as traders eyed directionless equity and currency markets for guidance on the eve of a meeting of the U.S. Federal Reserve.

A gauge of the U.S. job market remained unchanged in July for the third straight month, indicating that employment will remain weak throughout the coming year, a research group said on Monday.

Cases of multi-drug resistant tuberculosis are underdiagnosed around the world and even among those who have been diagnosed, only a fraction are being treated, a Global Fund official said on Monday.

New U.S. guidelines for the pandemic of H1N1 swine flu released on Friday discourage the early closure of schools, unless the virus becomes worse.

Below is the full list of the Winners in the 2009 Teen Choice Awards hosted by the Jonas Brothers and held at the Gibson Amphitheatre on Sunday night in Universal City, California.

McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.

Jon & Kate Plus 8 star Kate Gosselin tells TODAY's Meredith Vieira that she is coping with the breakup of her 10 year marriage to estranged husband Jon.