IBT Staff Reporter

U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger.

U.S. Treasury Secretary Timothy Geithner, aiming to persuade China that its U.S. investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured.

General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy filing before markets open on Monday.

General Motors Corp has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.

Oil prices extended their rally to near their highest in seven months on Monday, as dollar weakness, stock market optimism and sustained hope for economic recovery supported the market's best monthly gains in a decade.

General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy on Monday and heralding a new and uncertain era for the No. 1 U.S. automaker.

To 28-year-old Kenyan Mary Wanjiku, her cell phone is not just a cell phone. It is also a cheap, safe and easy way of sending her mother $40.

General Motors Corp will file for bankruptcy protection before financial markets open Monday morning, sources with direct knowledge of the preparations said on Sunday.

Four key U.S. Senate Republicans on Sunday questioned past statements and legal decisions by Judge Sonia Sotomayor but stopped short of threatening to derail her nomination to the Supreme Court.

President Barack Obama will try to repair America's tarnished image in the Muslim world on Thursday, as he looks to mobilize support for restarting Middle East peacemaking and thwarting Iran's nuclear ambitions.

General Motors Corp and the U.S. government finalized plans on Sunday for the battered automaker to reorganize, as a majority of debtholders helped clear the way to a massive bankruptcy filing expected on Monday.

Street dance troupe Diversity said on Sunday it was still in shock after beating runaway favorite and Internet sensation Susan Boyle in the final of the popular Britain's Got Talent television contest.

A majority of General Motors bondholders have agreed to a debt-for-equity exchange, a source familiar with the voting said on Sunday, helping pave the way for a bankruptcy filing expected on Monday.

Nintendo Co Ltd plans to launch a new version of its Wii Fit home exercise game this autumn, aiming to help boost sluggish sales of its Wii console in Japan, the Nikkei business daily reported on Sunday.

A shortage of electronic components such as chips and displays threatens to derail a nascent recovery in Asia's technology sector spurred by China's stimulus plan.

A shortage of electronic components such as chips and displays threatens to derail a nascent recovery in Asia's technology sector spurred by China's stimulus plan.

Nokia’s chief executive says the mobile phone market’s main players include are Google, Microsoft, Apple and Samsung Electronics.

The head of the International Monetary Fund (IMF) predicted on Friday that the global economy recover early next year but said the financial system would still need to be monitored closely after that.

Dell has plans to grow by acquire another company, a senior company said on Friday in a conference call with reporters, according to IDG News.

The Amsterdam Court of Appeals on Friday ordered Royal Dutch Shell Plc to pay the largest securities fraud settlement ever in Europe to shareholders from claims relating to the oil giant's inflation of its proven oil and gas reserves during the years 1997 through 2003.

IBM launched new services and programs on Friday to migrating customers from Sun and HP servers to IBM's System z, particularly on the Linux platform.

The European Union confirmed Friday a proposal to allocate $154 million (€109.4 million) to France from the European Union Solidarity Fund (EUSF) for fighting the devastation caused by Hurricane Klaus in south-west France in January.

General Motors Corp finished a key piece of business on Saturday before a bankruptcy filing planned for Monday as the deadline expired for bondholders to accept an exchange offer brokered by the Obama administration.

Microsoft unveiled its improved search engine called “Bing” this week and is doing so without the help of Yahoo’s search engine, as negotiations for a possible deal are stalled.

North Korea warned Friday that it would take self-defense measures if the U.N. Security Council punished it for this week's nuclear test.

First Solar Inc shares rose more than three percent on Friday after it announced the signing of a long term supply deal for rooftop and free fields solar projects with Pfalzsozar GMbH, a unit of German Pfalzwerke AG.

Thousands of South Koreans have packed the streets of Seoul on Friday for the funeral of former President Roh Moo-Hyun.

Germany heaved a sigh of relief on Saturday over a deal with Canadian auto parts group Magna, General Motors and the U.S. government to save carmaker Opel from the imminent bankruptcy of its U.S. parent.

Irish biotech firm Elan Corp is in late-stage talks to sell a minority stake to Bristol-Myers Squibb Co , a deal that could be a precursor to a full takeover of Elan, the Wall Street Journal reported on Saturday.