IBT Staff Reporter

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

Aug 10, 2009

Insolvent telecom equipment maker Nortel Networks posted a bigger quarterly loss on Monday as reorganization costs and plunging sales dented the company's results.

Aug 10, 2009

The ethanol industry called for requirements that all vehicles sold in the United States accept the renewable gasoline substitute as part of a push to slow global warming and provide jobs at home.

Aug 10, 2009

As makers from Tesla to Nissan Motor Co (7201.T) jockey to dominate the next generation electric-powered cars, a fight on which companies will control the lucrative market to fuel them is just getting started.

Aug 10, 2009

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

Aug 10, 2009

Dish Network Corp , the second largest U.S. satellite TV operator, on Monday posted a fall in quarterly profit, hurt in part by expenses tied to a litigation with TiVo Inc .

Aug 10, 2009

Dynegy Inc said it was selling some of its power plants to LS Power for $1.0 billion in cash as the U.S. power producer seeks to pay back debt and improve its liquidity position.

Aug 10, 2009

Stocks were poised for a lower open on Monday as investors looked set to book profits, ahead of a Federal Reserve Board meeting and earnings from some of the nation's largest retailers later this week.

Aug 10, 2009

Shares in global miner Rio Tinto Ltd fell more than 3 percent on Monday after a Chinese magazine published additional spying allegations against the company.

Aug 10, 2009

Leaders of the United States, Mexico and Canada gather on Monday to present a united front to try to limit the spread of the H1N1 swine flu, but there is less unity on simmering trade issues.

Aug 10, 2009

U.S. stock index futures dipped on Monday as investors paused for profit-taking after a sharp run-up, ahead of key indicators on consumer spending due later this week.

Aug 10, 2009

Britain's MGT Power Ltd plans to build a second major biomass power generator in northern England, scheduled to start powering around 600,000 homes from 2014, the company said on Monday.

Aug 10, 2009

The ethanol industry called for requirements that all vehicles sold in the United States accept the renewable gasoline substitute as part of a push to slow global warming and provide jobs at home.

Aug 10, 2009

Stock index futures dipped on Monday as investors paused for profit-taking after a sharp run-up, ahead of key indicators on consumer spending due later this week.

Aug 10, 2009

Stock index futures slipped on Monday as investors paused to book profits after a sharp four-week run-up.

Aug 10, 2009

The dollar retained most of its gains against a basket of currencies on Monday but lost ground to the yen as Japanese exporters and short-term speculators took advantage of its jump the previous session on U.S. jobs data.

Aug 10, 2009

U.S. power producer Dynegy Inc will sell nine U.S. power plants to its one-time development partner LS Power Associates L.P, the Wall Street Journal said on Monday.

Aug 10, 2009

Oil prices dipped below $71 a barrel on Monday, losing momentum after last week's rally as traders focused on swollen inventories and prospects for a stronger dollar.

Aug 10, 2009

The Swiss government held a special session on Monday to discuss the U.S. tax evasion case hanging over Swiss bank UBS as negotiations to settle the issue dragged on.

Aug 10, 2009

Rising July sales at TSMC and UMC , the world's two biggest contract chip makers, provided further evidence of reviving demand for computers and other consumer gadgets.

Aug 10, 2009

Japan's Toshiba Corp said on Monday that it will join the Blu-ray Disc Association -- its former enemy in a bitter format war -- to make blu-ray players by year-end to tap demand for high-definition home movies.

Aug 10, 2009

Stock index futures pointed to a lower open on Wall Street on Monday, as investors look set to book profits after a sharp four-week rally.

Aug 10, 2009

Stock index futures pointed to a lower open on Wall Street on Monday, as investors look set to book profits after a sharp four-week rally.

Aug 10, 2009

Shares in UBS opened lower on Monday as the Swiss bank faced more tense negotiations to settle a tax evasion case in the U.S. that challenges Switzerland's bank secrecy laws.

Aug 10, 2009

Oil prices slipped below $71 a barrel on Monday, as the dollar's strength and worries about high oil inventories helped counter earlier gains on the back of rising Asian stocks amid hopes for an economic recovery.

Aug 10, 2009

Banks in the United States are poised to make $38.5 billion in customer overdraft fees this year, the Financial Times said, citing research by Moebs Services.

Aug 10, 2009

Oil prices were little changed at $71 a barrel on Monday, paring earlier losses as rising Asian stocks bolstered sentiment over an economic recovery while the dollar dipped, lending support to the commodities complex.

Aug 10, 2009

Fed Treads Carefully, Old Ads Meet New, Details Stall Tax Deal

Aug 09, 2009

China's National Bureau of Statistics will issue all its monthly economic data for July at a news conference on Tuesday.

Aug 09, 2009