IBT Staff Reporter

Iranian President Mahmoud Ahmadinejad is set to visit Bolivia on Thursday, the first time an Iranian leader has visited the impoverished South American country, to solidify diplomatic ties and sign aid agreements.

More than 73,000 General Motors Corp workers walked off the job on Monday after marathon contract talks between the United Auto Workers union and GM stalled and the union called the first national strike since 1970 against the top U.S. automaker.

Argentina's September tax revenue is on track to rise more than 30 percent from the same month a year ago, an Economy Ministry source said on Monday. With a week remaining in September, monthly tax collection is set to exceed 17 billion pesos ($5.32

An advocacy group for low-income housing on Monday accused Morgan Stanley of discriminating against minority borrowers seeking mortgages.

Stocks shifted on Monday with gains in the technology sector unable to sustain a broader declining market, which began to rally last week amid the Fed's bold rate cut.

Vivendi condemned as indecent the contract terms between its Universal Music Group (UMG) unit and Apple Inc, the computer maker whose iTunes online store dominates the digital music market.

Abu Dhabi National Energy Co will buy Canada's Primewest Energy Trust for C$5 billion in cash, Primewest said on Monday, as the state-controlled firm makes good on plans to turn its new Canadian unit into a major oil producer.

Stocks slipped on Monday as concern about the impact of the housing slump and credit squeeze hurt shares of financial companies.

Developing and industrialized countries are continously working hard through negotiations, in Doha, to reach a new International Trade Agreement (ITA). However, there is increasing recognition that even if there was free trade between nations, many countries

Deutsche Bank's profit could be hit by up to 1.7 billion euros ($2.4 billion) due to loans that have dwindled in value as a result of the credit market crisis, sources familiar with the situation said.

Wal-Mart Stores Inc has formed a partnership with the Carbon Disclosure Project to look for ways for its suppliers to better manage their energy efficiency, as part of its environmental push, the company said on Monday.

Crude oil fell for a second day towards $81 a barrel, retreating from record highs hit last week as producers in the Gulf of Mexico returned workers to oil rigs evacuated last week.

Bankruptcy courts would be allowed to alter mortgages written by predatory lenders in moves that could save 600,000 Americans from foreclosure, according to the author of a bill introduced in the U.S. Representatives on Friday.

Investors' confidence in the U.S. economy fell in September for a fourth straight month to its lowest level in 13 months on continued concerns about the housing market and elevated energy costs, a survey showed on Monday.

The U.S dollar hit an all-time low against the euro on Monday over concerns that the ailing housing sector could trigger the Fed to cut the interest rate even further.

Privately held Revenue Science will offer behaviorally targeted advertising services on Internet-browsing cell phones in Japan, entering a new field for sending commercials based on a consumer's Web habits.

News Corp's Fox Interactive Media said on Monday it plans to launch advertising-supported versions of its popular Internet social network MySpace and other properties for free on cell phones.

Japan's prime minister-to-be, Yasuo Fukuda, named his party lieutenants on Monday as he braced for a showdown with a combative opposition amid calls for early elections after a disastrous year for the ruling coalition.

Incredible India@60, a four-day celebration commemorating the 60th anniversary of Independence of the world's largest democracy, kicked off in New York, US, Sunday, September 23.

This morning, the British Prime Minister, Gordon Brown gave his assurances that stable economic policies would keep inflation down in the medium to long term.

General Motors Corp workers at plants in Michigan, Ohio and Kansas began walking off the job and organizing pickets as a national strike against the automaker began on Monday.

Walt Disney's international television arm said on Monday it would let viewers of Finnish commercial broadcaster Nelonen pay to watch hit shows on the Internet four days after their U.S. release.

Ford Motor Co. Chief Executive Alan Mulally said on Monday that the No. 2 U.S. automaker was keeping its target to return to the black by 2009, although the world economy might be hurt by the U.S. mortgage crisis.

Dell Inc, the world's No.2 personal computer maker, said it would sell its latest range through China's largest electronics retailer, GOME Group, aiming to improve on its single-digit mainland market share.

Former Federal Reserve Chairman Alan Greenspan on Sunday faulted Democrats, including presidential candidate Sen. Hillary Clinton, for moving away from former President Bill Clinton's embrace of globalization.

Four firms remain in the race to buy Ford's European luxury brands Jaguar and Land Rover after India's Mahindra & Mahindra and vulture fund Cerberus pulled out, people familiar with the matter said on Monday.

Deutsche Bank's profit could be hit by up to 1.7 billion euros ($2.4 billion) due to loans that have dwindled in value as a result of the credit market crisis, sources familiar with the situation said.

Most of the impact of the global credit crunch will be felt in 2008 and the United States will be hardest hit, International Monetary Fund Managing Director Rodrigo Rato said on Monday.

Europeans' interest in watching mobile television is as tiny as cellphone screens, a new study showed on Monday, even though the industry has been buzzing about offering TV on handsets for years.