IBT Staff Reporter

(Corrects reason for McDonald's shares falling and removes reference to warning on profit impact of forex hit)

Australian Dollar: The Australian Dollar opens beneath US79 cents for the first time since May 29 amid further greenback strength overnight. As expected, trading was fairly muted yesterday thanks to the Queen's Birthday public holiday.

Apple on Monday unveiled a new, faster iPhone and cut the price on its existing model to $99.

Did You Know: Commercial Real Estate Market Survey

British Prime Minister Gordon Brown survived a challenge to his authority on Monday, winning over Labour members of parliament after admitting mistakes and taking responsibility for a week of political turmoil.

President Barack Obama's quest to overhaul U.S. healthcare rests in part on the frail shoulders of Senator Edward Kennedy, a champion of the cause now in the second year of fighting deadly brain cancer.

A U.S. Supreme Court justice granted on Monday a request to put on hold the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA.

U.S. stocks rebounded late on Monday to end flat, shrugging off lighter-than-expected sales from McDonald's and lowered iPhone prices from Apple .

Hezbollah leader Sayyed Hassan Nasrallah accepted on Monday the result of a parliamentary election in Lebanon in which his U.S.-backed opponents secured a majority over the Iranian-backed group and its allies.

From a living room in Kansas to a bagel shop in New York to an Alabama church, Democrats have started mobilizing support for President Barack Obama's healthcare reform plans.

Pope Benedict was very upset by revelations that priests and nuns had beaten and raped children for many years in Irish industrial schools, the Catholic Archbishop of Dublin said on Monday.

Gunmen killed 10 people and wounded 12 others when they opened fire with automatic weapons at a mosque during evening prayers in Thailand's restive Muslim south, police said on Monday.

A senior U.S. Democratic lawmaker urged President Barack Obama on Monday to consider what can be done to speed access to cheaper versions of biotech medicines ahead of legislation aimed at achieving that goal.

Men who eat healthier diets may also have healthier sperm, new research from Spain shows.

General Motors officially opened an advanced battery laboratory in Michigan on Monday to speed up the development of cleaner and more energy efficient vehicles, the company said.

Apple Inc cut the price of its entry-level iPhone to $99 on Monday, in a nod sure to please recession-weary consumers, but ailing leader Steve Jobs did not put in a much speculated-about appearance after a months-long absence from public view.

Apple Inc unveiled a cheaper Mac notebook on Monday, kicking off its annual developers' conference with a low-key announcement amid speculation visionary leader Steve Jobs might appear after a months-long absence from public view.

Apple Inc unveiled a speedier iPhone on Monday, but contrary to rumor its convalescing Chief Executive Steve Jobs did not make an appearance.

AT&T Inc said it will halve the price of the existing iPhone from Apple Inc starting on Monday evening and start selling a new version of the phone on June 19 without impacting its profit targets.

The U.S. Supreme Court is weighing whether to allow the Obama administration-backed sale of bankrupt automaker Chrysler LLC to a group led by Italian automaker Fiat SpA.

The U.S. Federal Reserve is working on plans to make sure executive pay does not promote dangerous risk-taking, as part of steps to reform financial rules after a devastating crisis, a top Fed official said on Monday.

Oil prices slipped toward $68 a barrel on Monday, pressured by a stronger U.S. dollar and weakness on Wall Street.

Apple's Worldwide Developer Conference (WWDC) is underway in San Francisco where new MacBook Pro laptops have been rolled out, along with a price cut announcement to its MacBook Air laptops.

Labour members of parliament (MPs) cheered British Prime Minister Gordon Brown when he arrived to address them on Monday for a meeting that will help to decide his political future.

Stocks fell on Monday after McDonald's Corp posted lighter-than-expected monthly sales and a report that Apple Inc would price new iPhones aggressively, signaling that consumer spending may remain a concern.

There is still a high degree of uncertainty regarding the outlook for the global economy, although Chinese growth could surprise on the upside, World Bank President Robert Zoellick said on Tuesday.

Apple senior vice president of worldwide product marketing Phil Schiller opened up Apple's Worldwide Developer Conference (WWDC) on Monday by show casing new MacBook Pro laptops with longer battery lives, faster processors and lower pric

Apple Inc unveiled a cheaper notebook with revamped software on Monday, kicking off a closely watched annual conference with low-key announcements amid speculation visionary leader Steve Jobs might appear after a months-long absence from public view.

The U.S. Supreme Court ruled on Monday that a West Virginia judge should have disqualified himself from an appeal of a $50 million jury verdict against Massey Energy Co because the coal mining company's CEO had been a major campaign donor.