IBT Staff Reporter

CIT Group Inc has clinched $3 billion of emergency financing from bondholders, keeping the struggling lender out of bankruptcy, a person close to the matter said.

European Union officials visiting Azerbaijan protested on Monday at the arrest of two opposition bloggers, a case seized on by rights groups concerned over shrinking freedoms in the oil-producing state.

U.S. stocks rose on Monday as troubled lender CIT Group Inc is expected to close a deal with bondholders that could remove uncertainty and point to a healthier financial sector.

Halliburton Co posted a higher-than-expected profit on Monday, lifting its shares, but the world's second-largest oil services company warned that North American natural gas markets would stay weak throughout 2009.

EMC Corp, the biggest maker of corporate data storage gear, said it has acquired a majority stake in Data Domain Inc and expects to complete the acquisition of the company by month's end.

An invisibility cloak that will protect buildings from earthquakes may very soon become a reality, according to researchers at the University of Liverpool.

Jarden Corp , maker of Sunbeam appliances and other home products, said on Monday it expects to meet or exceed analysts' profit and sales expectations when it reports second-quarter results later this week, sending its shares up 1.5 percent.

The European Commission is to hold a hearing on September 7 for interested parties to comment on Google's deal with publishers to make millions of books available online and its impact on EU writers' rights.

Apple iPhone can now be used to order pizza with the new Pizza Hut iPhone App.

Stocks rose on Monday, but were off session highs, after CIT Group Inc clinched a deal with bondholders that removed some uncertainty from a recovering financial sector.

For Danish film director Lars von Trier, the outrage that greeted Antichrist at the Cannes festival in May was music to his ears.

ITV is promising exclusive unseen footage of Michael Jackson from the private collection of the singer's friend Uri Geller in a forthcoming documentary, My Friend Michael Jackson: Uri's Story, its production and distribution division said Friday.

Spectrum Pharmaceuticals Inc said U.S. health regulators accepted for review the company's response on its experimental cancer drug, Zevalin, as a Class 1 submission -- which typically means the regulators would review the drug within 60 days.

Honduras' political rivals were on a collision course on Monday after negotiations collapsed and deposed President Manuel Zelaya vowed to return home despite warnings from a defiant de facto government.

China's CPI Mengdong Energy Group, the parent of smelter HMHJ Aluminum, has agreed to import 2.5 million tonnes of alumina from international trading house Trafigura Group, trading sources said on Monday.

China will maintain a basically stable yuan at a reasonable and balanced level, Chinese Premier Wen Jiabao said in a reiteration of the country's long-standing description of its exchange rate policy.

Prime Minister Benjamin Netanyahu, saying he would not take orders over Israeli settlement in East Jerusalem, rejected on Sunday a U.S. demand to halt plans to build more homes for Jews in the disputed area.

Chinese iron ore miner Lung Ming, partly owned by private equity firm Hopu and Singapore's state investor Temasek, plans to list shares in Hong Kong this year to raise up to $1 billion, sources with direct knowledge of the plan said.

India's Tata Steel and Suzlon Energy Ltd launched global depositary share offers on Monday to raise a combined $575 million, sources said, leaning on a share market rally and rising foreign appetite for Indian offers.

CIT Group Inc has clinched a deal for $3 billion of emergency financing from bondholders, keeping the struggling lender out of bankruptcy, and the pact may be announced Monday, a person close to the matter said.

Jarden Corp , maker of Sunbeam appliances and other home products, expects to meet or exceed analysts' expectations for profit and sales when it reports second-quarter results later this week.

Investigators said Saturday Police are now focusing on the terrorist group Jemaah Islamiyah (JI) responsible for Friday's bombing attacks.

The row over four Rio Tinto Ltd staff detained in China accused of spying has exposed Australia to Chinese wrath just when a Mandarin-speaking leader in Canberra had appeared to have wooed the country over.

An Indonesian television station on Monday named a likely suspect in the suicide bombings of two luxury hotels in Jakarta, saying he had school links to members of the radical Islamic group Jemaah Islamiah.

Johnson Controls Inc posted a 63 percent plunge in quarterly earnings as the weak economy pressured the diversified manufacturer's auto parts and building controls businesses, but its shares rose 7 percent as the results beat Wall Street forecasts.

Two retired Turkish generals went on trial on Monday in a group of 56 people accused of planning a coup in a case that highlights a power struggle over Islam's role in the European Union candidate country.

Iranian reformist former president, Mohammad Khatami, called for a referendum on the legitimacy of the government, challenging the supreme leader who has backed the result of the disputed June presidential poll.

The U.S. housing market is showing signs of stabilization, according to inventory data released on Monday by national real estate brokerage ZipRealty.

Iran's Supreme Leader Ayatollah Ali Khamenei warned senior officials on Monday not to help Tehran's enemies after two former presidents expressed defiant opposition to the result of June's disputed presidential poll.