IBT Staff Reporter

Investors in troubled markets like Phoenix, Las Vegas, and San Diego are watching as cash investors scoop up hundreds of condos at bargain prices from Miami developers and banks that are desperate to get the units off the books.

Former Fed Chairman Alan Greenspan said on Sunday that signs of stabilization and increased confidence in the economy could be dashed if home prices were to take another turn downward.

Oil rose more than $2 a barrel to hit a one-month high near $72 on Monday as positive manufacturing data in the U.S. and China raised optimism for an economic recovery that could bolster energy demand.

Forty-four-year-old British boxer, Rob Newbiggin, will go through a sex change procedure and become a woman.

Rob Newbiggin, a British boxer, has decided to undergo a sex change operation to become a woman.

Despite a pick up in sales, commercial real estate prices posted a record drop in the second quarter, according to an index developed by the Massachusetts Institute of Technology Center for Real Estate.

BofA Charged, Google CEO, Apple Split, Ford's Fortune

Stocks rose on Monday after data showed the manufacturing sector edged closer to growth in July, while rising commodity prices boosted shares of natural resources companies.

Foreign Minister Avigdor Lieberman said on Monday he would quit if Israel's attorney-general adopted a police recommendation to indict him on corruption charges.

This morning in the streets of LA, a string of posters were coming up everywhere featuring President Barack Obama with Joker makeup on him, and the word socialism at the bottom.

The state parent of Brilliance China Automotive Holdings is in talks with Daimler AG to set up a joint venture in China making special purpose vehicles, executives at the parent company, Brilliance Auto, said on Monday.

The Obama administration was optimistic on Sunday that the U.S. Senate would extend the federal

Google CEO Eric Schmidt has resigned from Apple's board of directors due to conflicts of interest between the two companies.

Conglomerate Loews Corp reported a lower-than-expected second-quarter profit on Monday, but higher operating income at its CNA commercial insurance business boosted its shares by 4 percent.

Bank of America Corp was charged by the SEC on Monday with making materially false and misleading statements in the Merrill Lynch acquisition, court documents said.

More than 6,000 U.S. hourly workers have left General Motors Co under the automaker's latest buyout program intended to make it a leaner company after its emergence from bankruptcy.

The question is whether jobs can be found for retrained workers in the state with America's highest unemployment rate.

Everbright Securities Co, China's 10th biggest brokerage by market share, plans to raise as much as 10.96 billion yuan ($1.60 billion) in its Shanghai initial public offering after announcing an IPO price range on Sunday.

Oil rose more than $2 a barrel to hit a one-month high near $72 on Monday as positive manufacturing data in the U.S. and China raised optimism for an economic recovery that could bolster energy demand.

Ford Motor Co said on Monday that U.S. auto sales rose 2.3 percent in July, its first year-over-year monthly sales increase since November 2007, supported by the U.S. government Cash for Clunkers program.

Ford Motor Co. on Monday reported an increase of 2.3 percent to 165,279 vehicles in July monthly sales, its first monthly gain since 2007. The automaker said that it benefitted from the federal Cash for Clunkers new-car incentive program.

Eric Schmidt, chief executive officer of Google, announced his resignation from Apple's Board of Directors due to potential conflicts as the two tech giants compete in similar markets. Schmidt has served as a member of Apple's board since August 2009. Read Full Article here.

A Turkish hacker has defaced dozens of Dutch websites with pro-Islamic slogans and pictures of right-wing politician Geert Wilders edited to make him look like a monkey, a website that tracks hackers said.

HSBC and Barclays on Monday reported a surge in bad debts to a combined $21 billion as recession took its toll on borrowers, but Britain's two biggest banks offered encouragement they could be through the worst.

Google Inc Chief Executive Eric Schmidt is resigning from Apple Inc's board of directors, Apple said, citing increased competition between the two leading technology companies.

Google Inc Chief Executive Eric Schmidt is resigning from Apple Inc's board of directors, the companies said, citing increased competition between the two leading technology companies.

U.S. stocks rose on Monday after data showed the manufacturing sector shrunk at a slower pace in July, while rising commodity prices boosted natural resource stocks.

Health insurer Humana Inc posted a higher-than-expected quarterly profit as an improved performance in its Medicare plans for the elderly offset a decline in earnings from its business serving employers.

Diabetics who took the drug metformin, which makes the body process insulin better, had a 62 percent lower risk of pancreatic cancer compared to those who had never received it, U.S. researchers said on Saturday.