IBT Staff Reporter

Stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street's ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.

The Obama administration's budget chief said on Sunday there are signs that the free-fall in the economy seems to have halted.

Medtronic is armed with cash, ambition, a desire to acquire and a commitment to buy back stock and pay dividends, moves that could drive the medical device maker's shares up 25 percent to 30 percent in the next 12 months, Barron's reported on Sunday.

Shares of Cerner Corp look a little pricey, but there may be upside yet because of gaping holes in healthcare information technology that are starting to get filled, Barron's reported on Sunday.

Onyx Pharmaceuticals Inc said on Sunday it sued Bayer AG over its rights to an anti-cancer compound that it says it discovered during joint research with the German drugmaker.

Executives of China's top Internet search company Baidu Inc talked this weekend with striking workers who are angry about salary cuts and new sales commission policies that they say could force them out of their jobs, The Wall Street Journal reported on Sunday.

Central banks might need more power to oversee banks if they are to play a larger role in maintaining financial stability in the post-crisis world, a Bank for International Settlements report said on Sunday.

Investors might have underestimated Wal-Mart Stores Inc's prospects once economic recovery begins, but the retailer's management is buying the stock because it knows it is trading at a bargain, Barron's reported on Sunday.

U.S. shopping center and mall owners can expect to see a lot of vultures circling this year's International Council of Shopping Centers convention in Las Vegas.

The Obama administration's budget chief said on Sunday there are signs that the free-fall in the economy seems to have halted.

The bad economy has forced many Americans to cut down or even give up on buying fresh foods, healthy activities have also been cut such as exercising regularly.

Volkswagen, Europe's largest carmaker, has halted tie-up talks with Porsche as it said its smaller peer and major shareholder was not ready for a merger.

U.S. stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street's ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.

General Motors' Opel unit might make cars for other manufacturers if car parts maker Magna becomes its partner, German paper Welt am Sonntag reported, citing unidentified sources close to Magna.

UBS , has hiked the salaries of some investment bankers to guard against staff poaching by competitors, Switzerland's largest bank said on Sunday.

More and more celebrities are embracing social networks; Britney recently joined new the new social content site MyStudiyo.com to promote her Circus Tour.

Anokimobi Limited has designed the world’s first solar powered, Electro Luminescent (EL) signage.

Wolfram Alpha, the new computational knowledge engine went live to the public on Friday night, 3 days ahead of its official May 18 launch.

Champion filly Rachel Alexandra became the first filly in 85 years to win the $1.1 million Preakness Stakes on Saturday from the 13th post position.

The National Restaurant Association today launched a new campaign - the National Restaurant Association Conserve/EPA ENERGY STAR Challenge, encouraging the nation’s restaurants to reduce their water and energy use.

Sajjad Gani Lone, Indian Kashmir's first separatist leader to contest Indian elections since a revolt broke out in the region two decades ago, lost polls, results showed on Saturday.

U.S. President Barack Obama will travel to Moscow for talks with Russian leaders, attend a Group of Eight summit in Italy and visit Ghana in a wide-ranging foreign tour in July, the White House said on Saturday.

President Barack Obama praised the Congress for reaching an agreement on comprehensive energy legislation last week.

President Obama appointed Republican Utah Governor Jon Huntsman as the U.S. ambassador to China.

There are four deaths and at least 4,700 probable and confirmed U.S. cases of the H1N1 flu, formerly known as swine flu, with 22 U.S. states reporting widespread or regional influenza activity, a Centers for Disease Control and Prevention official said on Friday.

Kuwaiti conglomerate Al Ghanim Industries is looking at industrial acquisitions in Asia to help it diversify away from the Gulf region, where its revenues have been flat this year, the CEO said on Saturday.

Michael Jackson, the self-proclaimed King of Pop, was diagnosed with skin cancer a month ago, according to a Saturday report from British newspaper The Sun, citing an anonymous source.

Sri Lankan troops on Saturday seized the entire coastline for the first time in a 25-year war with the Tamil Tigers, the military said, cutting off escape for separatist rebels now facing annihilation.

Iran should engage with the United States and negotiate over its nuclear program, Mohamed ElBaradei, chief of the International Atomic Energy Agency (IAEA), said in a magazine interview released on Saturday.