IBT Staff Reporter

A 22-year-old bystander who witnessed a deadly shooting over the weekend at a shopping mall near Indianapolis was hailed as a hero on Monday for killing the gunman and limiting the number of casualties in the massacre.

General Electric Chief Executive Larry Culp said on Monday a new "GE Aerospace" brand for its aviation business pointed to a "wider strategic aperture" that could eventually lead to the industrial giant entering new businesses.

Harrowing video aired at death penalty trial of US school shooter

U.S. home builder sentiment plummeted in July to its lowest level since the early months of the coronavirus pandemic, as high inflation and the steepest borrowing costs in more than a decade brought customer traffic to a near standstill.

Bank of America has set aside around $200 million for a regulatory matter connected to the unauthorized use of personal phones, its chief financial officer Alastair Borthwick said on Monday, adding that he expects the matter to be settled soon.

Dr. Anthony Fauci, the chief medical adviser to the White House, confirmed he will retire by the end of President Joe Biden's first term, but it could come much earlier than that, the infectious disease expert told Reuters in an interview on Monday.

Global aviation's Farnborough airshow opens Monday amid a sweltering heatwave, with the sector aided by a modest recovery in air traffic and with Ukraine boosting defence budgets.

All six rate setters at the Bank of Israel supported raising the benchmark interest rate by 0.5 point to 1.25% at their July 4 meeting in a move that escalated a battle against rising inflation, the central bank's minutes showed on Monday.

Goldman Sachs Group Inc on Monday warned it may slow hiring and cut expenses, as the economic outlook worsens, after reporting a 48% slump in quarterly profit which beat forecasts due to gains in fixed-income and commodities trading.

Goldman Sachs Group Inc on Monday reported a smaller-than-expected 48% slump in second-quarter profit, buffered by the strength in its fixed-income trading as investors realigned their bets amid market volatility.

Russian shelling kills 6 in Donbas, EU defends sanctions on Moscow

The South Korean government on Monday called on striking workers at Daewoo Shipbuilding & Marine Engineering (DSME) to end their month-long siege of a dock at the company's biggest shipyard, which has paralysed production and is delaying delivery of new vessels.

U.S. companies are facing a "new era" in which fewer people are entering the workforce and pressure to pay higher salaries may become permanent, Microsoft Corp's President Brad Smith told Reuters in an interview.

S&P 500 chief executives made $18.3 million on average in 2021, 324 times the pay of their median workers and higher than the ratio in 2020, the top American labor union federation reported on Monday.

Europe's hottest summers

When 92-year old Indian citizen Reena Varma visits her childhood home in Pakistan this week, for the first time in 75 years, she will be the only one of her family to make it back home since they left shortly before partition divided the two nations.

Britain's former finance minister Rishi Sunak held onto his lead in the race to become Britain's next prime minister on Monday as another hopeful was knocked out, leaving four candidates in an increasingly bitter contest to replace Boris Johnson.

Wall Street ended lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year.

Wall Street stocks closed lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year.

Wall Street stocks declined on Monday on a slide in bank stocks and shares of Apple, after a report said the company plans to slow hiring and spending growth next year.

U.S. stock indexes rose on Monday after earnings from big banks beat expectations for profit, extending last week's positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve.

U.S. stock indexes rose on Monday after Goldman Sachs beat profit expectations, extending last week's positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve.

U.S. stock indexes looked set to open higher on Monday after Goldman Sachs beat profit expectations, extending last week's positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve.

A top Bank of England official pushed back on Monday at suggestions from a leading candidate to become Britain's next prime minister that the government should set a "clear direction of travel" for monetary policy.

For the poor, small South American country of Guyana, there's no time like the present when it comes to reaping the rewards of its offshore oil jackpot.

Overseas investors disposed of a combined net total of $5.08 billion in Indonesian, Thai, Malaysian, South Korean and Indian bonds last month, marking the biggest monthly outflow since March, regulatory data and bond market associations showed.

U.S. bank executives said they're optimistic on loan growth as demand for borrowing from retail and business customers bounced back in the second quarter from the lows of the pandemic, but warned demand could weaken later this year if the worsening economic outlook starts to hurt consumer confidence.

A prosecutor on Monday told jurors they should sentence to death the gunman who killed 17 people and wounded another 17 in a mass shooting at a Florida high school in 2018.

The prosecutor began opening arguments on Monday in the penalty phase of the trial of the man who killed 17 people at a Florida high school on Valentine's Day in 2018 by naming each victim during a detailed recounting of one of the deadliest school shootings in U.S.