IBT Staff Reporter

North Korean has warned on Monday it would launch a pre-emptive attack against the United States as about 10,000 people rallied to denounce a newly endorsed U.N. Security Council Resolution.

Dr. Donald Palmisano spokesman for the Coalition to Protect Patients’ Rights and former president of the American Medical Association said on Monday Obama “prescribed the wrong treatment” with his plans to improve the country’s healthcare system.

Solar, wind, geothermal and biomass energy technologies as they are today could technically contribute up to 10 percent of U.S. electricity by 2020 and 20 percent or more by 2035, the National Research Council said in a report Monday.

Technical analyst Robert Prechter on Monday said he sees the United States losing its top AAA credit rating by the end of 2010, as he stuck by a deeply bearish outlook on the U.S. economy and stock market.

Iran's hardline Islamic Basij militiamen killed at least one person on Monday and wounded more when their building was attacked by demonstrators protesting an election they say was stolen by President Mahmoud Ahmadinejad.

Bank of America Corp, hoping to repay $45 billion of government money, is less likely to raise the funds by selling its big stake in BlackRock Inc after the asset manager buys Barclays Global Investors, analysts said.

The head of the IMF warned on Monday it was too soon to discuss rolling back stimulus spending, saying the world economy had yet to weather the worst of a recession that has hammered industrial output and claimed a record number of European jobs.

The second bankruptcy auction for off-price retailer Filene's Basement was won on Monday by a joint $62.4 million bid by discount clothier Syms Corp and developer Vornado Realty Trust , a restructuring expert advising Boston-based Filene's said.

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Sun Microsystems Inc killed development of an advanced server chip it hoped would leapfrog its technology past rivals IBM and Intel Corp, the New York Times reported, citing people familiar with the matter.

Angela Merkel will meet U.S. President Barack Obama in Washington in late June for talks on Iran's presidential election, Middle East peace and next month's G8 summit, a spokesman for the German chancellor said on Monday.

The world's two largest cellphone makers, Nokia and Samsung Electronics Co Ltd, unveiled new phones on Monday, offering features comparable to iPhone and Pre, but at lower prices.

With two weeks left for the deadline on iron ore price negotiation, Brazil’s mining giant Vale expressed the importance of China’s market to its operations, easing the tense atmosphere and indicating desire to reach an agreement.

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Construction on the Hong Kong-Zhuhai-Macau Bridge is expected to start by year's end, Hong Kong ‘s Chief Secretary Henry Tang said on Monday, adding its completion “will benefit the three jurisdictions”.

NetLogic Microsystems Inc. said on Monday it has launched new availability of NETLite Processor that enables a multitude of intelligent packet-based protocols at wire-speed on multi-Gigabit systems at lower power consumption and higher port density.

Hong Kong's human swine flu tally has reached 104 with 12 new cases conformed, the Centre for Health Protection said on Monday.

Samsung Electronics Co Ltd, the world's second-biggest maker of mobile phones on Monday said it has launched a new S Series External Hard of 160 GB density for the 1.8 inch S1 Mini drive, along with its new touch screen mobile as it plans to expand its current market amid economic environment.

The Obama administration faces a dilemma over how to respond to Iran's disputed election. Analysts say that strong criticism could backfire but a muted response leaves an impression of weakness.

European planemaker Airbus took a step closer to winning government loans to develop its A350 jetliner on Monday, drawing an immediate response from U.S. rival Boeing which called the move illegal.

NASCAR driver Carlos Pardo, has been killed in a crash in the final laps of the race in Mexico.

Citigroup Inc's chairman said on Monday the bank may find it harder to retain and attract top employees while the bank is holding on to federal bailout money.

The Huffington Post announced a major shake-up in its leadership by welcoming its second CEO since it first began operations.

Several U.S. senators urged regulators on Monday to review exclusive arrangements regarding mobile handset technology between wireless carriers and cell phone makers and how they affect competition and choice in the marketplace.

U.S. stocks tumbled, marking

Leaders from around the world expressed concern over the situation in Iran, given new reports of government-inspired violence against election protesters and alleged voter fraud.

A Cuban exiled blogger called Luis Dominguez has managed to penetrate the tight security shelter surrounding the Castro family by posing as a woman and chatting online with the son of ex-Cuban leader Fidel Castro.

U.S. stocks tumbled, marking their worst slide in a month on Monday after regional manufacturing data dented optimism about the economy's health and resource shares fell alongside commodity prices.

U.S. credit card defaults rose to record highs in May, with a steep deterioration of Bank of America Corp's lending portfolio, in another sign that consumers remain under severe stress.