IBT Staff Reporter

Design firm Pilotfish unveiled on Monday plans to make an advanced music phone, hoping to tap untested demand for music editing on the go.

A would-be hijacker surrendered to authorities on Monday after agreeing to free the last of more than 180 hostages he seized hours earlier aboard a Canadian charter jet in Montego Bay, Jamaica.

President Barack Obama will challenge government agencies to cut $100 million in spending when he holds his first Cabinet meeting on Monday, an administration official said.

The chairmen of two Senate committees drafting legislation to overhaul healthcare told President Barack Obama on Monday they were working together to have bills ready by early June.

A speech by Iranian President Mahmoud Ahmadinejad calling Israel a racist state was vile and fed racial hatred but did not preclude U.S.-Iranian diplomatic contacts, the United States said on Monday.

Oil slid over 8 percent to under $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

Stocks slid on Monday on concerns over the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans.

General Motors Corp said on Monday it is telling about 1,600 salaried U.S. employees this week to leave by May 1 as it scrambles to reduce costs under a restructuring mandated by the U.S. government.

Eli Lilly & Co reported higher-than-expected quarterly profit on Monday as it controlled costs and revalued overseas inventory because of the stronger dollar.

Stocks slid on Monday on concerns over the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans. Wall Street's tumble follows a six-week winning streak, the longest for the S&P 500 since 2007, with the Dow scoring its biggest gain over the period since 1938.

Fannie Mae , the government-controlled U.S. home funding company, on Monday named Michael Williams as president and chief executive officer.

The parents of the American journalist jailed in Iran visited their daughter for the first time since she was sentenced to prison, saying that she remained in good condition.

Swiss banking UBS AG said Monday it plans to sell its Brazilian unit for £1.7 billion or $2.5 billion to BTG investments to boost up its capital in the current economic crisis.

The U.S. Treasury said on Monday there was no basis for a report that said its stress tests on the health of the nation's 19 top banks showed several were technically insolvent.

Oil slid over 7 percent to $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

I need help handling an unusual dilemma. I returned to college to finish a HR degree in an attempt to position myself for a career change. In the interim, I accepted a

Oil slid nearly 8 percent to $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

Unpackaged. Unfiltered. Unspoiled. This is the majesty of Honduras. From the breathtaking sunsets in Roatan, to the misty green mountains of Pico Bonito, Honduras is a vibrant wonderland, full of adventure and breathtaking beauty. It is the centerpiece of Central America.

American International Group Inc , which has received more than $150 billion in taxpayer support since last September, has closed a deal to access nearly $30 billion in additional federal funds.

Dear Sam: I think I have a pretty good résumé, but I have no idea where to start when writing a cover letter. Is it necessary to submit a cover letter when applying for a job? I’d prefer to just submit my résumé so I don’t have to write a cover letter for every job I am interested in. I’m finding I don’t apply for some positions as I can’t get over the stumbling block of writing the cover letter ...

Stocks slid on Monday on worries about the sustainability of recent better-than-expected results from banks following Bank of America Corp's report of a big increase in troubled loans.

PepsiCo Inc offered $6 billion to buy the remaining stakes in its two largest bottlers, Pepsi Bottling Group and PepsiAmericas Inc, as it seeks to secure more control of its distribution and cut costs.

A surge in troubled loans overshadowed better-than-expected earnings at Bank of America Corp, and the largest U.S. bank expects the credit situation to worsen, driving its shares down 17 percent.

About one in 10 videogame players show signs of addictive behavior that could have negative effects on their family, friends and school work, according to a new study.

Hasbro Inc , the maker of Transformers action figures and Tonka trucks, posted a lower quarterly profit on Monday but said the worst may be behind it.

Stocks tumbled on Monday on worries about the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans.

Oil slid more than 8 percent to around $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

Billionaire investor Carl Icahn wants to engineer a sale of biotechnology company Amylin Pharmaceuticals Inc to its diabetes partner Eli Lilly and Co , according to Amylin.

Oracle Corp plans to buy Sun Microsystems Inc for more than $7 billion, after the high-end computer server and software maker's talks with IBM fell apart.