IBT Staff Reporter

Sichuan Tengzhong Heavy Industrial Machinery, the surprise bidder for General Motors Corp's Hummer brand, said on Sunday the deal should be concluded in the coming quarter.

Carmaker Saab said on Monday it was likely to unveil its new owner this week, and that three quarters of its creditors had agreed to a proposed writedown of the loss-making General Motors brand's debt.

Viacom Inc's Paramount Pictures could merge with Sony Pictures, Universal Studios or another movie studio amid a wave of consolidation in the industry over the next few months, veteran investor Mario Gabelli said in the latest issue of Barron's.

Senior Obama administration officials on Monday said in a newspaper op-ed piece that a landmark financial regulation reform plan to be released this week will target capital requirements, securitization and other problem areas blamed for the global financial crisis.

Tens of thousands of supporters of Iran's defeated presidential candidate Mirhossein Mousavi gathered in downtown Tehran on Monday, defying an Interior Ministry ban.

Citigroup Inc and the private sector arm of the World Bank have struck a deal to offer a $1.25 billion funding facility intended to stimulate emerging markets trade over three years.

Senior Obama administration officials on Monday said in a newspaper op-ed piece that a landmark financial regulation reform plan to be released this week will target capital requirements, securitization and other problem areas blamed for the global financial crisis.

U.S. stocks opened lower on Monday as a resurgent U.S. dollar drove a pullback in the price of oil and other commodities, while a broker downgrade hurt shares of Wal-Mart Stores Inc .

Lincoln Financial Group said on Monday that it would accept federal bailout money as part of a plan to raise $2 billion that also includes sales of stock and debt.

U.S. stocks headed for a sharply lower open on Monday as a resurgent U.S. dollar drove a pullback in the price of oil and other commodities, while a broker downgrade hurt shares of Wal-Mart Stores Inc .

The head of the IMF questioned on Monday debate about when to roll back stimulus spending, saying the world economy had yet to weather the worst of a recession that claimed a record number of European jobs.

Six Flags Inc will not sell assets or reduce its workforce as a result of its Chapter 11 bankruptcy filing this weekend, the theme park operator's chief executive told CNBC on Monday.

British cable TV operator Virgin Media is to launch an unlimited music download subscription service through a partnership with the world's largest music company, Universal.

British cable TV operator Virgin Media is to launch an unlimited music download subscription service through a partnership with the world's largest music company, Universal.

U.S. stock index futures pointed to a sharp slide on Wall Street on Monday as a resurgent U.S. dollar drove a pullback in the prices of oil and other commodities.

An order from Qatar Airways looked set to brighten a glum start to a rain-soaked Paris Air Show on Monday as the Gulf carrier displays its financial muscle in the face of competing airlines bludgeoned by recession.

The Bombay High Court has directed India's Reliance Industries and Reliance Natural Resources to enter into a gas supply agreement within a month, a lawyer for Reliance Natural said.

China Shenhua Energy Co , the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers for this year's annual contract prices, its board secretary, Huang Qing, said on Monday.

The commercial aircraft chief of U.S. planemaker Boeing expects growth to return to the industry in the middle of next year, he told a news conference at the Paris Air Show on Monday. The recovery would be in both air freight and air traffic, though the big question remained the shape and scope of the upturn, Scott Carson said.

U.S. stock index futures pointed to a sharp slide on Wall Street on Monday as a resurgent U.S. dollar drove a pullback in the prices of oil and other commodities.

Beijing is expected to unveil subsidized prices for solar power production as soon as the second half of the year, the South China Morning Post reported on Monday, citing an industry official.

Ireland's Mainstream Renewable Power bought three wind farms in Illinois and plans to spend $1.7 billion to ramp capacity up to 787-megawatts by 2013, marking its first investment in the United States.

India's wind turbine maker Suzlon Energy is considering the sale of part or all of its stake in Belgian company Hansen Transmissions in a bid to repay part of its debt, The Economic Times reported on Monday, citing people close to the development.

Some of Australia's biggest corporate names, including resource giants Rio Tinto and Woodside, may be investigated by consumer regulators over complaints they have been deceptive on climate change.

Susan Boyle, who became famous the world over after appearing on the Britain's Got Talent television show, hopes to return to the stage on Monday after cancelling a weekend performance amid concerns over her health.

U.S. stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 1.2 percent, Dow Jones futures down 1 percent, and Nasdaq 100 futures down 1.1 percent at 0905 GMT.

Gloomy aviation leaders gather for the Paris Air Show on Monday expecting only a handful of new business to bolster an industry mourning the Atlantic jet disaster, economic crisis and new concerns about swine flu.

The market of mobile financial services to poor people in emerging markets will surge from nothing to $5 billion in 2012, U.S.-based microfinance policy and research center CGAP said on Monday.

Aircraft components maker Goodrich Corp said on Monday it signed service agreements with EADS unit Airbus, British Airways and Scandinavian Airlines System .