IBT Staff Reporter

Apple and Sony reached an agreement on Monday to pay about 1.3 million yen ($12,903) to settle claims that a man was burned after an Apple computer caught fire, which allegedly was caused by a faulty Sony battery.

Siemens said on Tuesday that it had reached an agreement with the representatives of works councils to cut about 1,200 jobs in Germany in an effort to reduce the workforce at the enterprise communications unit.

UBS, the Swiss bank which has taken heavy losses due to the downturn in housing and credit markets, may eliminate about 10 percent of its workforce, according to reports.

The dollar weakened against the Euro on Monday on renewed concerns about the economy.The dollar weakened against the Euro on Monday on renewed concerns abo...

Sterling gained against the dollar on Monday as British producer price inflation surged taking some heat out of Bank of England interest rate cut expectations.

Johnson & Johnson, the world's biggest health-products maker, said its profit grew 40 percent in the first quarter, beating expectations as it benefited from its diversity of consumer products and a weak dollar.

U.S. Bancorp, the sixth-largest U.S. bank, said on Tuesday first-quarter profit fell about 3.5 percent, on higher provision for credit losses, but managed to beat earnings estimates by a penny.

Delta and Northwest Airlines shares fell on Tuesday after the Justice Department said it is interested in examining the proposed merger between the two companies, a deal some lawmakers say will tamper with competition.

Google revealed its intentions to diversify its ad business by reducing its dependence on advertising tied to Internet search results and expanding its television ad service with Dish Network Corp.

Bear Stearns, the fifth-largest U.S. investment bank, reported late Monday that its first quarter profit plunged 79 percent just ahead of the confidence crisis which forced a sale of the bank to rival JPMorgan Chase & Co.

J.P. Morgan Chase & Co. is expected to report that its first quarter profit fell by more than 50 percent on Wednesday due to potential additional write-downs, and other expenses related to the tough mortgage market.

Greg McCoach is an entrepreneur who has successfully started and run several businesses the past 22 years. For the last eight of these years he has been involved with the precious metals industry as ...

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China stock markets fell sharply Monday, led by securities and Developers on concern central bank may raise lending and deposit rates to cap inflation.

China will stick with a 'tight' monetary policy as the increasing pressures of inflation and economic overheating, said nation's central bank chief Zhou Xiaochuan.

The New York Stock Exchange (NYSE) is likely to be the first foreign firm allowed to list on the Chinese stock market, a Chinese financial website reported on Monday.

Salesforce.com Inc. and Google announced today an alliance to integrate Google's applications to Salesforce's software for managing sales service, the companies said.

Bank of China (BOC) has adjusted its forecasts of the year-on-year increase rate of China's consumer price index (CPI)this year from 5.5 percent to 6.5 percent, and is expected to increase interest rates in the second quarter this year, said the report issued by BOC's department of the global financial markets on Monday.

Wachovia Corp. investors were hit with a double-whammy on Monday, after the fourth largest U.S. bank reported an unexpected loss for the quarter, cut their dividends, and announced a plan to sell diluted stock.

Healthcare Locums Plc has reported a 108 per cent growth in sales for the full year 2007, from £65 million to £135 million. The company said that its organic like-for-like profit growth rate was up to 21 per cent, a rise from the rate of 16 per cent in 2006.

RM Plc has said that the London Borough of Newham has chosen it to be the ICT supplier for its Building Schools for the Future (BSF) programme, which covers 15 schools in the borough.

Chrysler LLC and Nissan Motor co Ltd said both companies will join a project to manufacture cars for each other, the groups announced on Monday.

Cereal Malt O Meal has been related to the infection of 23 people and 3 hospitalized with signs of Salmonella Agona last week and the U.S. Food and Drugs Administration has announced that at least 14 states reported illnesses .

Delta Air Lines Inc. and Northwest Airlines Corporation officially confirmed it agreement to merge the two carriers, creating America's premier global airline, with a combined enterprise value of $17.7 billion.

The FTSE 100 share index fell 63.9 points down to 5,831.6 (down 1.1 per cent) on Monday.

Eurostar has reported a rise in revenues of 25.2 per cent to £78.4 million in the first three months of 2008 thanks to a substantial rise in passenger numbers in the period. The train operator said it had 2.17 million passengers (up 21.3 per cent) in the first quarter of the year.

U.S. Treasurys fell in price on Monday after more news of banks in crisis were offset by a government report showing slightly higher retail sales in March.

The Office for National Statistics (ONS) released new figures on Monday showing a sharp increase in the price of manufactured goods in March.

J.C. Flowers has said it will not raise its bid of £3.5 for insurer Friends Provident and is prepared to abandon a takeover deal if Friends Provident do not begin talks by the end of the week.