IBT Staff Reporter

General Growth Properties Inc , the second largest U.S. mall owner, said on Monday that its subsidiary Rouse Co LP would extend the deadline to reach an agreement that could allow it to skip payments on more than $2 billion of debt

Tiffany & Co posted a lower quarterly profit on Monday, but trumped Wall Street's expectations, as the upscale jeweler kept a tight lid on costs to combat sharply lower sales, sending its shares up 13.1 percent.

Walgreen Co posted a better-than-expected quarterly profit on Monday as the drugstore chain controlled costs even as consumers cut back on discretionary buying.

Short-selling should be regulated as some practices may create disorderly markets during extreme financial turmoil, a global body of supervisors said on Monday.

Stocks jumped on Monday, with the Dow and S&P 500 gaining 4 percent after the U.S. government released the details of a plan to clean out toxic assets from banks' balance sheets.

Oil jumped more than $1 to above $53 a barrel on Monday, supported by a rise in the stock market after strong housing data and on details of a U.S. plan to remove toxic assets from bank balance sheets.

Daimler shored up its capital base and secured Abu Dhabi as a friendly investor in a deal some analysts said revealed how tough the auto industry crisis was proving for the luxury German group.

The Dutch Finance Ministry will seek to curtail bonuses among senior management at financial companies receiving government support, while ING is asking some staff to give back their 2008 bonuses.

Nokia has dropped plans to add its gaming service to the older, but very successful N73 model, a spokesman for the top cellphone maker said on Monday.

Sales of previously owned U.S. homes rose at their fastest pace in nearly six years in February, data showed on Monday, providing some good news for the recession hit-economy.

Walgreen Co posted a lower quarterly profit as the company spent more to promote nonprescription items amid the weak economy while also taking charges for a restructuring aimed at saving money long-term.

Walgreen Co posted a lower quarterly profit as the company spent more to promote nonprescription items amid the weak economy while also taking charges for a restructuring aimed at saving money long-term.

Oil jumped more than $1 to above $53 a barrel Monday, supported by a rise in the stock market after strong housing data and on details of a U.S. plan to remove toxic assets from bank balance sheets.

Stocks rose on Monday after the U.S. government released the highly anticipated details of a plan to clean out toxic assets from banks' balance sheets, a key part of the government's efforts to revitalize the recession-hit economy.

Walgreen Co posted a better-than-expected quarterly profit as the drugstore chain's restructuring efforts paid off even as consumers cut back on discretionary buying, sending its shares up 5 percent in premarket trading.

Sales of previously owned U.S. homes rose at their fastest pace in nearly six years in February, data showed on Monday, providing some good news for the recession hit-economy.

The pace of sales of existing home in the U.S. rose 5.1 percent in February to a 4.72 million-unit annual rate, rebounding from the previous month's drop, while home prices fell again the National Association of Realtors said on Monday.

Intel Corp is seeking permission from its shareholders to exchange worthless employee stock options, a controversial move that the world's biggest chip maker says is needed to retain critical staff.

Stocks extended gains on Monday, sending the benchmark S&P 500 up more than 3 percent, following a report that showed sales of existing homes rebounded in February.

The Nano, the world's cheapest car, will hit Indian roads in July, with expectations that demand from millions of aspiring car owners will far outstrip supply.

The Nano, the world's cheapest car, will hit Indian roads in July, four months after its formal launch on Monday, and demand is expected to far outstrip supply as the price tag of around $2,000 draws legions of new buyers.

Oil rose above $52 a barrel on Monday, supported by a weak dollar and rising stock markets after the United States gave details on its plan to remove toxic assets from bank balance sheets.

Tiffany & Co posted a lower quarterly profit on Monday, but trumped Wall Street's expectations, as the upscale jeweler worked to keep a tight lid on costs, despite being stung by lower sales in the period.

Stocks extended gains on Monday, sending the benchmark S&P 500 up more than 3 percent, following a report that showed sales of existing homes rebounded in February.

The U.S. Treasury Department on Monday rolled out detailed plans for persuading private investors to help rid banks of up to $1 trillion in toxic assets that are seen as a roadblock to economic recovery.

Big Japanese manufacturers have grown increasingly bleak about business conditions in the last three months, suggesting a key central bank survey due next week could show the corporate mood is at its worst in about 34 years.

The pace of sales of existing home in the U.S. rose 5.1 percent in February to a 4.72 million-unit annual rate, rebounding from the previous month's drop, while home prices fell again the National Association of Realtors said on Monday.

The U.S. Treasury Department on Monday rolled out detailed plans for persuading private investors to help rid banks of up to $1 trillion in toxic assets that are seen as a roadblock to economic recovery.

Sometimes breaking into laughter, the man accused of being the lone surviving gunman in last year's Mumbai attacks told an Indian court on Monday that he was from Pakistan and wanted legal assistance, officials said.