IBT Staff Reporter

Two senior Europe-based partners in U.S. private equity firm Cerberus, majority owner of carmaker Chrysler, have left the company, the Wall Street Journal reported, citing a person familiar with the company.

U.S. food maker General Mills Inc said it expects fiscal 2009 earnings to exceed its prior profit outlook by several cents, due to a good operating performance and a lower quarterly tax rate.

Indiana pension funds and consumer groups asked the U.S. Supreme Court on Sunday to stop the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.

Boston mutual fund giant Fidelity Investments and New York private equity firm Kohlberg Kravis Roberts & Co. have struck a deal to sell shares of KKR initial public offerings to retail customers, hoping for a comeback in the frozen market.

Global airlines are likely to lose $9 billion this year, the International Air Transport Association said on Monday, nearly double its estimate of just three months ago, as rising fuel prices and weak demand create an unprecedented crisis for the industry.

The dwindling U.S. financial bailout fund will get a boost this week with repayments from some large banks and could see more resources freed up as once-ambitious programs to buy up toxic bank assets shrink.

At a packed stall during the Computex show in Taiwan this week, young buyers excitedly put on 3D-enabling glasses that turned flat images on PC screens into solid objects.

China's government wants all PCs sold in the country from July 1 to be loaded with software that blocks certain websites, the Wall Street Journal reported on Monday.

The internet has been buzzing with rumors that Heroes star Hayden Panettiere is pregnant.

Brazilian military authorities said Sunday that search boats in the Atlantic Ocean found 17 bodies of passengers that were on board the Air France plane with 228 people on board that crashed last week Sunday.

BlackRock Inc is trying to clinch a deal for a Barclays unit, but Bank of New York Mellon could step in with an offer for Barclays Global Investors if the talks drag on, the Financial Times reported on Sunday.

Professor Rajeev Motwani, a Stanford professor who inspired the co-founders of Google and influenced a generation of computer scientists, died at his Calif., home on Friday.

Home Depot's stock price looks like a bargain as the home improvement has slowed expansion and tried to improve customer service under Chief Executive Frank Blake, according to the latest issue of Barron's.

South Korea has outlined a plan to counter a possible missile attack by North Korea, including airstrikes on a missile base, Seoul's Yonhap News reported on Sunday citing military sources.

Israeli Prime Minister Benjamin Netanyahu said on Sunday he would strive for maximum understanding with Washington on peace issues but gave no sign he intends to bow to its demand to halt settlement expansion.

The United States is looking into putting North Korea back on a list of state sponsors of terrorism in response to its nuclear test last month, U.S. Secretary of State Hillary Clinton said in an interview on Sunday.

Search crews retrieved four more bodies from a crashed Air France jet on Sunday, spotted other corpses and found a large amount of debris from the plane that plunged into the Atlantic ocean.

Home Depot's stock price looks like a bargain as the home improvement has slowed expansion and tried to improve customer service under Chief Executive Frank Blake, according to the latest issue of Barron's.

Allstate Corp. shares could be due to extend a recent rally, possibly climbing by another 60 percent, after the insurer cut back its risk and focused on auto and homeowners' policies, according to the latest issue of Barron's.

Novo Nordisk A/S's experimental diabetes drug liraglutide was significantly better at helping patients control blood sugar than an older common medicine after two years of treatment, according to data from a clinical trial.

Diabetics with stable heart disease do just as well taking drugs alone as getting quick angioplasty or bypass surgery to open blocked heart arteries, U.S. researchers said on Sunday.

Small crowds gathered on Saturday for the official launch of Pre, the smartphone seen as Palm Inc's best chance to claw back market share from Apple Inc's iPhone and Research In Motion Ltd's Blackberry.

Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday.

The Brazilian Air force confirmed on Sunday the recovery of three additional bodies of passengers who were on board flight AF 447 after it disappeared into the Atlantic a week ago.

Financier George Soros said on Sunday that China's global influence is set to grow faster than most people expect, with its isolation from the global financial system and a heavy state role in banking aiding a relatively swift economic recovery.

Indiana pension funds asked the Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.

Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday.

Nineteen leading agricultural exporting nations, including Australia, Brazil and South Africa, kicked off talks in Bali on Sunday aimed at pushing forward troubled world trade negotiations.

Indiana pension funds asked the U.S. Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.