IBT Staff Reporter

Lloyds Banking Group will start meeting investors Monday to garner support for its plan to insure 260 billion British pounds ($370 billion) of risky assets with the British government.

With stocks mired in multi-year lows and the fate of General Motors and banks hanging in the balance, investors are unlikely to curb their flight from risk this week, putting Wall Street on track for another brutal sell-off.

Avaya and AT&T joined together to launch a mobile convergence package for business users providing greater mobility, flexibility and cost control.

In ranking of the 100 best corporate citizens by CRO Magazine, IBM ranked No. 3 overall outranking all other information technology companies on the list.

Merrill Lynch & Co. have suspended a trader who had $400 million in undisclosed losses in the last few months, according to a report.

New research predicts that sales of handsets that use Google's Android could surpass Apple iPhones in three years when it comes to sales figures.

Federal Reserve chief Ben Bernanke vowed on Saturday to use all the tools available at the Fed to revive the U.S. economy.

The Belgian government and France's biggest bank, BNP Paribas , have agreed revised terms for the break-up of stricken financial group Fortis in a third attempt to push the deal through.

Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.

Palestinian Prime Minister Salam Fayyad said on Saturday he intended to resign by the end of March in a move that could help unity talks between the rival Fatah and Hamas factions.

President Barack Obama on Saturday said the latest unemployment figures showing more than 651,000 jobs in February and the 4.4 million jobs lost in the recession were more than just statistics.

India and Pakistan must change the way they treat each other and bury a dirty past to tackle growing militancy in the region together, Pakistan's former President Pervez Musharraf said on Saturday.

Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.

New York’s top legal officer complained to the state’s top court on Friday that Bank of America is continuing to block his probe in to bonus compensation at the bank’s newly acquired Merrill Lynch division.

Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.

Microsoft has apparently submitted to European pressure and has built a feature within Windows 7 that allows users the option to disable Internet Explorer.

Earlier than expected, Circuit City Store once the second largest electronics chain in the United States will mark its end to all stores tomorrow, March 8, 2009.

A leading insurance company Clico of Guyana insists on $35M investment in Clico Bahamas, in a now-defunct subsidiary, is trying to recover money for investors.

Federal Reserve Chairman Ben Bernanke said on Saturday the U.S. central bank would use all of its tools to stabilize financial markets and pull the economy out of recession.

ArcelorMittal, the world's largest Steel maker company will suspend operations at Cleveland plant due to declining market for steel.

The Belgian state and France's BNP Paribas have reached a deal Saturday to sell financial group Fortis, the largest bank in Belgium and the Netherlands until the global financial crisis, according to the associated press reports.

The personnel chief of German industrial conglomerate Siemens considers it possible that short-time work at the company could be extended, he told the online edition of newspaper Die Welt.

India's Sterlite Industries will pay $1.7 billion in cash and notes to buy bankrupt U.S. copper miner Asarco LLC, lower than the $2.6 billion it offered last year, the Indian firm said on Saturday.

Switzerland rejects U.S. demands that the country's largest bank UBS should hand over the data of 52,000 U.S. clients, Swiss newspaper Berner Zeitung quoted the Swiss justice minister as saying on Saturday.

More struggles lie ahead for the tattered U.S. travel industry as hotels, casinos, airlines and travel agencies fight the tide of economic recession and flagging travel demand.

German Chancellor Angela Merkel said on Saturday that General Motors must improve the rescue plan for its German unit Opel if it wants government support for the struggling carmaker.

Britain will get a stake of up to 77 percent in Lloyds Banking Group after agreeing a deal to cap the bank's losses at 260 billion pounds ($370 billion) of risky assets.

With no end in sight for U.S. job losses amid a recession that could stretch into 2010, American workers will soon have to contend with another blow to their confidence: stagnant, or even falling wages.

Should U.S. banks be allowed to become too big to fail?