IBT Staff Reporter

Italian auto maker Fiat (FIA.MI) has agreed a 50-50 joint venture deal with China's Guangzhou Automobile Industry Group to produce car engines in China.

A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday.

The Nasdaq and the S&P 500 fell on Monday as concerns about the strength of an economic recovery kept pressure on stocks and commodity prices.

Corrects timing of Tribune Co reopening talks in last sentence

NEC Corp, grappling with a steep drop in mobile phone sales in Japan, said on Monday it could resume overseas sales of cellphones next year, three years after losses forced it to pull out of China and Europe.

We're smack dab in the middle of the peak travel season for Italy (don't ask me where the year went, I've been asking myself that since February)

A Los Angeles judge handed temporary control of Michael Jackson's multimillion dollar estate on Monday to a lawyer and music industry executive named as co-executors in his 2002 will.

Michael Jackson died of cardiac arrest on June 25 in Los Angeles, a tragedy that is leading to an even wider tragedy as at least 12 fans have reportedly committed suicide.

Shenhua Group Corp., China`s biggest coal producer, is to invest 36 billion yuan ($5.3 billion) over the five years to expand coal production capacity in Xinjiang Uygur autonomous region, a company executive said last Saturday.

The following are analysts' comments on agreements reached on Monday between U.S. President Barack Obama and Russian President Dmitry Medvedev.

Oil fell more than 3 percent to $64 a barrel on Monday as doubts over a potential rebound in the global economy spurred investor risk aversion.

U.S. President Barack Obama said on Monday during his first visit to Russia that the global financial crisis resulted from a culture of irresponsibility in the United States, Europe and elsewhere, and urged efforts to promote an era of responsibility.

The New Energy Symposium will be held in New York City through July 8-9 putting together members from the clean energy industry, government officials and scientists to discuss how to develop sustainability and clean energy technologies in the state.

Goldman Trade Codes Stolen, Judge OKs Sale to 'New GM,' Rio's Sell-off

The U.S. service sector was still shrinking last month but at a decelerating pace, with activity at the highest since September 2008, when Lehman Brothers' collapse exacerbated the global financial crisis, a report showed on Monday.

U.S. stock indexes fell on Monday as investor concerns about the potential strength and timing of an economic recovery weighed on stocks and pressured crude oil prices.

Best Buy, known as a vendor of giant televisions, is moving towards a new market by selling electric-powered scooters, bicycles and Segway transporters.

High Volume Trading Codes at Goldman Sachs Stolen: FBI, Judge approves sale to New GM, Rio Tinto sells food packaging division for $1.2 billion

Some of the top stories making the first half of this day.

Global miner Rio Tinto further improved its cash position on Monday by selling a part of its food packaging business to Bemis Co for $1.2 billion in a deal that makes Bemis by far the largest North American player in a still fragmented industry.

The U.S. service sector was still shrinking last month but at a slowing pace, with activity at the highest since September 2008, when Lehman Brothers' collapse exacerbated the global financial crisis, a report showed on Monday.

Oil fell more than 3 percent to $64 a barrel on Monday as doubts over a potential rebound in the global economy spurred investor risk aversion.

Corrects timing of Tribune Co reopening talks in last sentence

A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.

In the search engine area, Google has reined king for most of recently memory but new moves from Microsoft and its Bing search engine is heating up competition.

The United States and Russia agreed on Monday an aim to cut deployed nuclear warheads to 1,500-1,675 within seven years of a new arms reduction agreement coming into force.

U.S. stocks fell on Monday as investors worried about the potential strength and timing of an economic recovery, sending oil prices and energy shares lower.

U.S. stocks fell on Monday as investors worried about the potential strength and timing of an economic recovery, sending oil prices and energy shares lower.

EMC Corp boosted its bid to buy specialty storage maker Data Domain Inc by more than 10 percent to $33.50 per share, raising the stakes in a bidding war with rival NetApp Inc. .