IBT Staff Reporter

Andrew Bodnar, a former top executive at Bristol-Myers Squibb Co , faces up to a year in jail after pleading guilty to lying to federal officials about a deal to block a generic version of the company's top-selling medicine.

Citigroup is pressing on with its corporate revamp to make the most of its non-core non-bank businesses, announcing that the interim leader for its Citi Holdings unit will stay on.

U.S. President Barack Obama told the Muslim world on Monday the United States was not at war with Islam, using his first international tour to try to repair America's damaged image abroad.

Blockbuster Inc , the largest store-based U.S. movie rental chain, said the risk that it may not complete a deal to amend its credit facilities raises substantial doubt about its ability to continue as a going concern, according to a securities filing on Monday.

Its official: the tech sector is not immune to the current economic crisis.

Allen Stanford, the billionaire Texan accused of an $8 billion fraud by U.S. regulators, expects to be indicted by a federal grand jury in the next two weeks, according to an ABC News interview released on Monday.

The Associated Press unveiled rate cuts on Monday to help member newspapers reeling from declining advertising revenue and said it would sue websites that use its members' articles without permission.

Merrill Lynch & Co, now owned by Bank of America Corp , agreed to pay $75 million to settle a class-action lawsuit by employees who lost money investing in Merrill stock through their retirement plans.

Microsoft and Google have been steadily adding partners to their competing health platforms, and both companies made new announcements today.

Somali pirates hijacked three ships in just two days, taking a small Yemeni boat, a Taiwanese fishing vessel and a British cargo ship.

The United States would trim U.S. missile-defense spending, cancel some big-ticket weapons programs and buy more arms for fighting insurgents in places like Iraq and Afghanistan, under a 2010 budget plan.

Shares of Sun Microsystems Inc tumbled 23 percent after it rejected a $7 billion buyout bid from IBM, leaving the smaller server and software maker vulnerable to lawsuits from shareholders nervous about its viability as a stand-alone company.

IBM’s move to buy Sun have broken down, however, IBM is still the best option for the company, according to industry watchers.

Stocks broke a four-day winning streak on Monday after a prominent analyst revived worries over the health of banks and the potential collapse of a takeover of Sun Microsystems bruised sentiment in the technology sector.

Ford Motor Co, shares rose Monday to 22 percent after completed its debt restructuring of $9.9 billion or 38 Percent, according to the reports.

General Motors Corp has attracted 20 potential buyers for its struggling Saab brand and could complete a sale by June as it rushes to offload unprofitable units in a sweeping restructuring.

U.S. securities regulators charged a Toronto-based fund manager, who describes himself as the Chinese Warren Buffett and his hedge fund with operating a multimillion dollar investment fraud, the Securities and Exchange Commission said on Monday.

Yahoo Inc is partnering with other online music providers as the Internet giant tries a fresh approach to getting an edge in the evolving digital music business.

Investors seem to be getting comfortable with Apple Inc's stable of executives amid uncertainty about Steve Jobs' return to the helm of the consumer electronics titan he founded.

Fund manager J. Ezra Merkin was charged by New York top legal officer with concealing from his clients an investment of more than $2.4 billion with convicted fraudster Bernard L. Madoff.

Shares of Sun Microsystems Inc tumbled 22.5 percent after it rejected a $7 billion buyout bid from IBM, leaving the smaller server and software maker vulnerable to lawsuits from shareholders nervous about its viability as a stand-alone

Forests face an age-old problem: they’re worth more dead than alive. For thousands of years humans have slashed and burned their way through millions of acres of wilderness, turning it into farmland, houses, cooking fuel, ships, and paper.

An ice bridge which had apparently held a vast Antarctic ice shelf in place during recorded history shattered on Saturday and could herald a wider collapse linked to global warming, a leading scientist said.

It will be hard work getting rich nations to agree cuts in greenhouse gases that are deep enough to satisfy the demands of developing countries at climate talks, U.N.'s climate chief told Reuters on Monday.

It’s 10 p.m. on the banks of the Macal River, a whitewater stream in the mountains of Belize, and Carlos Quiterio has a rhyme to tell: “Black and yellow, kill the fellow; yellow and black, kill the jack.”

Japanese Prime Minister Taro Aso has ordered more than 10 trillion yen ($99 billion) to stimulate the world's second-largest economy from its deepest recession since World War II.

New York's attorney general brought civil fraud charges against hedge fund manager Ezra Merkin on Monday, saying he secretly steered $2.4 billion in client money into Bernard Madoff's Ponzi fraud.

FriendFeed, the popular streaming social-media site, has revamped its website to show off its real time updates, an indication of just how fast the web is developing.

Oil prices fell nearly 3 percent on Monday to near $51 a barrel as U.S. stock markets sputtered on worries over the banking sector and the dollar gained against the euro.