IBT Staff Reporter

Citigroup Inc's run of ignominy has now come to this: losing its coveted spot in the Dow Jones industrial average to a former unit.

Prudential Financial Inc , the No. 2 U.S. life insurer, said it plans to sell $1.25 billion of common stock after turning down U.S. aid.

Microsoft Corp said on Monday it would buy some of the assets of Rosetta Biosoftware, part of a Merck & Co Inc unit which makes data management software for medical researchers, furthering Microsoft's push into the expanding healthcare technology business.

Advanced Micro Devices launched its new six-core Istanbul processor benefiting data centers for databases and server consolidation using virtualizations.

The U.S. Department of Energy announced Monday it is giving out $256 million from the economic stimulus package to support energy efficiency in two major industrial sectors.

Fees charged by the four U.S. online travel agencies to book most flights could be a thing of the past as the companies, hungry for market share, try to make their offerings more appealing to the traveling public.

Sunoco Inc on Monday said it has sold its Tulsa refinery to Holly Corporation for $65 million in an effort to realign its portfolio of assets and improve our competitiveness.

The Interim Chairman of General Motors Corp Kent Krasa joined Chief Executive Officer Fritz Henderson today in stating his hope for a stronger, leaner company to emerge from the bankruptcy process which the company entered today but the chairman also added a note of regret in announcing the decision.

Microsoft's Bing search engine went live over the weekend, three days ahead of schedule, making it the company's latest attempt to grab a larger slice of the online search market from Google.

Qualcomm announced its new upgraded Snapdragon processors with higher speeds, reaching 1.3GHZ with 3D, multimedia and graphics processing plus power consumption improvements at a Computex show in Taipei, Taiwan

Oil jumped more than 2 percent on Monday, touching a near seven-month high as improving global factory activity bolstered expectations of an economic recovery.

General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.

Ally Bank, the banking unit of auto and mortgage lender GMAC, on Monday denied competitors' complaints that it is paying excessive interest rates to attract deposits while on a government-funded lifeline.

Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors.

Volvo Car Corp. announced on Monday a joint venture with Swedish energy firm Vattenfall to launch plug-in hybrid cars by 2012.

Stocks rallied on Monday, sending the Nasdaq up slightly more than 3 percent as reassuring economic data fueled hopes the recession is abating, eclipsing a long-expected bankruptcy filing by General Motors .

Air France said on Monday its Airbus A330-200 plane, flight 447 was lost amid strong thunderstorms and lightning as it flew across the Atlantic Ocean.

An experimental cancer pill from GlaxoSmithKline reduced the risk of tumour progression or death by 54 percent in advanced kidney cancer patients compared to placebo, trial results showed on Monday.

General Motors Corp's bankruptcy will forever be tied to one dealership in an often-ignored neighborhood due to the quirks of U.S. bankruptcy law.

The closely watched Dow Jones industrial average reshuffled the deck on Monday, removing both General Motors Corp and Citigroup Inc in a widely anticipated move.

Oil jumped more than 2 percent Monday, touching a near seven-month high as improving global factory activity bolstered expectations of an economic recovery.

Strong warnings by the U.S. Food and Drug Administration about suicide risks linked to antidepressant use in children and young adults have had a

Stocks rose sharply on Monday as strong economic data bolstered optimism the worst of the global recession was past, even as General Motors filed for bankruptcy and was removed from the Dow industrial index.

Even though U.S. pump prices are nearly half the $4 per gallon ($1.06 per liter) levels of a year ago, the legions of American fans of gas-guzzling SUVs and trucks don't have much to celebrate.

General Motors Corp will be replaced by Cisco Systems Inc in the Dow Jones Industrial Average and Citigroup Inc will be replaced by Travelers Companies Inc , Dow Jones Indexes said on Monday.

The number of middle-aged and older Americans who eat right, exercise and keep their weight down has declined substantially in the past two decades, a new study finds.

General Motors Corp., which filed for for court protection under U.S. bankruptcy laws today, said it expects to spend up to three months in bankruptcy before re-emerging as a smaller, leaner company.

U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.

U.S. Treasury secretary, Timothy Geithner, has been questioned by the Center for Democracy in the Americas (CDA) asking the Department to launch inquiry into actions by Microsoft, and possibly other Instant Messaging (IM) providers after access to IM was cut off to Cubans and other persons living in countries under U.S. sanctions.