IBT Staff Reporter

A group of technology heavyweights, including chiefs of IBM and Motorola Inc enlisted a former Clinton administration economist to beat back President Barack Obama's plan to boost some taxes on overseas profits.

The death toll from a fire at a day care center in northern Mexico rose to 43 on Monday as the governor of the State of Sonora vowed to investigate how the incident originated.

Several airlines using Airbus A330-200 planes, the model that crashed in the Atlantic last week, said on Monday they would wait for any directive from plane maker Airbus before making any equipment changes.

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A surprise appearance by Apple Inc Chief Executive Steve Jobs at the company's annual developer conference could boost its stock on Monday, but his absence might trigger a bigger move in the other direction.

The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.

General Motors Corp , which filed for bankruptcy protection a week ago, said on Monday that it would cease production of medium-duty trucks by July 31 after attempts to sell the operation failed.

President Barack Obama on Monday pledged to deliver or save more than 600,000 jobs through the $787 billion stimulus plan this summer.

McDonald's Corp posted lighter-than-expected May sales at U.S. restaurants open at least 13 months, sending shares of the world's biggest hamburger chain and its rivals lower on Monday.

Global airlines called for concerted action to prevent another runaway surge in oil prices as the International Air Transport Association nearly doubled its forecast for industry losses to $9 billion in 2009.

U.S. stocks fell on Monday after McDonald's Corp warned that second-quarter profit may be hurt by currency swings and as investors worried that the ongoing rise in interest rates could hamper a recovery.

The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.

The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.

The U.S. job market strengthened in May for the first time in 16 months, indicating that while job loss figures remain deep in the woods a recovery, albeit slow, is in sight, a research group said on Monday.

French air investigators said on Saturday that Airbus had detected faulty speed readings on its A330 jets ahead of last week's crash and had recommended its clients replace a sensor.

A Somali Islamist rebel leader on U.S. and U.N. terrorism lists denied on Monday reports that he had been seriously wounded in fighting between rival Islamist groups in the Horn of Africa nation.

Pakistani villagers enraged with the Taliban after the bombing of a mosque battled the militants on Monday, underscoring a shift in public opinion away from the hardline Islamists.

Oil slipped toward $68 a barrel on Monday as a stronger dollar and weaker equities prompted a retreat from last week's seven-month high above $70.

U.S. President Barack Obama wants immediate talks between the Palestinians and Israel to forge a comprehensive Middle East peace agreement, U.S. envoy George Mitchell said on Monday.

NATO plans to scale down its 15,000-strong KFOR peacekeeping force in Kosovo to 10,000 by January, a senior U.S. official said on Monday.

The U.S. Federal Reserve is expected to say Goldman Sachs Group Inc, JPMorgan Chase & Co and perhaps a few other banks will be allowed to repay money to the Troubled Asset Relief Program, The Wall Street Journal said on Monday, without saying where it got the information.

Israeli soldiers Monday killed three Palestinian militants who had planned to blast open Israel's fenced border with the Hamas-run Gaza Strip using horses laden with explosives, the military said.

Searchers found 15 more bodies from a crashed Air France jet on Sunday and retrieved a large amount of debris from the plane that plunged into the Atlantic ocean in the worst air disaster since 2001.

Spectra Energy units Maritimes Canada and Maritimes U.S. said in separate website postings over the weekend that the Sable Island Offshore Energy Project in Nova Scotia had returned to normal output levels after decreasing production late last week.

The Chinese government has required that personal computer makers bundle software that filters Internet content from July 1, raising concerns over cyber-security as well as Internet freedoms.

As students study for final exams, the retail industry is gearing up for its biggest test so far this year -- the back-to-school shopping season. After cutting costs to cope with slack consumer demand during the recession, retailers hope the economy will start to recover in the second half of the year.

The U.S. job market strengthened in May for the first time in 16 months, indicating that while job loss figures remain deep in the woods a recovery, albeit slow, is in sight, a research group said on Monday.

Volkswagen's Audi emerged as the clear winner among Germany's luxury carmakers in May, posting a far smaller decline in global vehicle sales than either BMW or Mercedes-Benz.

Italian unions have not been invited to any meeting between Fiat SpA and the government to discuss the future of the Melfi plant in southern Italy, a union leader said on Monday.