IBT Staff Reporter

If you're lucky enough to own two homes, you may have recently packed up and moved to your summer residence. That's nice, but it can have tax consequences that are anything but a day at the beach.

Consolidating your student loans isn't the no-brainer it used to be.

Shares of Martha Stewart Living Omnimedia Inc. (NYSE: MSO) jumped in Monday trading after the company said it hired a new advertising executive from Yahoo! Inc (Nasdaq: YHOO).

Martha Stewart Living Omnimedia Inc. shares rose 5 percent on Monday after the media company hired an influential advertising executive from Yahoo Inc. for its media business.

North Korea said on Monday it would start implementing a nuclear disarmament deal struck in February and awaits a visit by U.N. inspectors now that a dispute over its funds frozen at a Macau bank had been resolved.

The pace of existing home sales in the United States was off slightly in May to a 5.99 million-unit annual rate, the National Association of Realtors said in a report on Monday that showed continued weakness in the housing sector.

U.S. stocks were little changed on Monday as a sharp drop in oil futures weighed on the energy sector but helped the broader market.

The yen rebounded against major currencies on Monday as some investors bet that its recent decline was too far, too fast.

Boeing Co. has raised prices on its commercial planes by almost 6 percent on average, as the cost of its raw materials increases.

The LSE is confident in its $2.2 billion bid for Borsa Italiana, despite some objections.

Walgreen Co., one of the largest U.S. drugstore chains, posted a higher quarterly profit on Monday, boosted by new stores and an inventory credit.

Despite billions of dollars worth of orders, most aerospace companies saw their shares fall during the Paris air show last week amid exchange rate concerns and the fact that stocks had already risen ahead of the event.

Oil prices fell by more than $1 to near $70 on Monday after Royal Dutch Shell said it was preparing to resume exports from a Nigerian oilfield abandoned over a year ago because of militant attacks.

Nintendo Co Ltd zipped past Sony Corp. in market value on Monday and became one of Japan's top 10 issues for the first time ever as it elbowed the PlayStation maker out of its decade-long dominance in the game industry.

Indian fund managers and brokerages face a severe shortage of analysts as talent is snapped up by big-spending foreign firms lured by a four-year bull run in the local stock market.

Japan's Honda Motor Co. has denied it is looking to buy Harley-Davidson Inc., rumors of which had sent the U.S. motorcycle maker's shares surging in New York on Friday.

Fears of rising borrowing costs hit global stocks on Monday with investors nervous about higher government interest rates and a blow-out in credit spreads.

GLG Partners, one of Europe's largest hedge fund firms, has lined up a U.S. stock market listing to help it expand and hire top managers, using a reverse acquisition with a shell company that values it at $3.4 billion.

Dow Jones & Co. Inc. and Rupert Murdoch's News Corp. are close to a pact that would protect the journalistic independence of The Wall Street Journal if News Corp. acquired the media company, according to newspaper reports on Sunday.

Japanese and U.S. experts will meet on Wednesday and Thursday to discuss technical issues relating to American beef trade, Japan's Farm Ministry said in a news release on Monday.

Bankrupt auto parts maker Delphi Corp. will retain and operate four plants under a tentative agreement with the United Auto Workers, according to a document posted on a Web site run by union members.

Plaxo, which makes software for PC users to keep address books up-to-date, said on Sunday it is helping millions of members open up their online datebooks to build social networks like MySpace or Facebook.

Asian stock markets mostly fell on Monday following a steep slide on Wall Street, but investors bought some Japanese exporters such as Canon Inc. on the back of a downtrodden yen.

'Evan Almighty' did not live up to its name at the weekend box office in North America.

Yahoo Inc. is merging the two main parts of its U.S. advertising business after veteran sales executive Wenda Harris Millard resigned, the latest in a string of executive departures.

Sweating, panting and some groaning, 400 Japanese worked out on Sunday with U.S. fitness guru Billy Blanks, whose military-style exercises have become a huge hit in a country where waistlines are bulging.

Goldman Sachs is selling its 30.48 percent stake in South Korean cable TV operator C&M, valued at $970 million, a newspaper said on Monday, in the latest sale of Korean assets by foreign investment firms.

Utah mining prospector Kyle Kimmerle has more than a hunch that uranium will make him rich. It is a conviction so strong he has bet his house on it.

Moscow next week introduces a city-wide label to identify GM-free foods, a move ecologists hail as ground-breaking but which foreign producers say is complex and costly.