IBT Staff Reporter

Adobe's new Flash Catalyst, Builder gives edge to Designers and Developers

The Walt Disney Co on Monday said it closed an $18 million deal to buy several Web sites from Kaboose Inc as part of a long-standing effort to beef up its Web presence and advertising muscle among parents, especially mothers.

Delphi Corp said on Monday it has reached a deal to sell most of its global operations to private equity firm Platinum Equity, allowing the car parts supplier to emerge from Chapter 11 bankruptcy protection.

DirecTV Group Inc Chief Executive Chase Carey might return to News Corp to succeed the media conglomerate's departing No. 2 executive, Peter Chernin, several news outlets reported on Sunday.

President Barack Obama said Monday the bankruptcy of GM was a “painful” yet necessary step to ensure the company’s survival.

The interactive videogame industry's biggest convention in Los Angeles promising a return to its glitzy past, but on the heels of weak sales and the slumping economy, the future of this fun and games business is no laughing matter.

Morgan Stanley and Citigroup Inc have started their retail brokerage joint venture at least a month ahead of schedule, but have already lost more than 1,500 brokers.

U.S. stocks rose on Monday, sending the S&P 500 to a seven-month high, as reassuring economic data reinforced hopes of economic stabilization, while General Motor's long-expected bankruptcy petition lifted uncertainty about the automaker's fate.

The City of Brotherly Love is tackling rising unemployment and improving the energy efficiency of homes by training people to weatherize its estimated 400,000 low-income row houses.

Microsoft Corp plans to boost social and entertainment features on its Xbox 360 gaming console by integrating music-streaming service last.fm, Web social network Facebook and microblogging site Twitter into its Xbox Live online community.

The U.S. Treasury Department said on Monday average lending from about 500 banks that have received government capital injections fell $42 billion in March compared to February.

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.