BUSINESS

Chrysler Group LLC is recalling 119,072 2011 and 2012 model year Dodge Charger and Chrysler 300 cars because of potential antilock braking system failure caused by an overheated power distribution center.

Starting May 20, customers can officially purchase the Samsung Focus 2. The Focus 2 is Samsung's first 4G LTE Windows phone

The debate over austerity versus growth is a false choice for policymakers, International Monetary Fund Managing Director Christine Lagarde said on Monday.

Vladimir Putin ordered Russia's government to boost investment and shake up state-run industries in a flurry of decrees issued after he returned to the presidency on Monday with a call for a new economy.

About 150 people were injured when gas-filled balloons exploded during a rally for the Republican Party in the capital city of Yerevan

3i Group plc (London: III) the largest listed UK private equity company, is in talks with Spain's Ferrovial to sell its Enterprise maintenance and cleaning company, the Financial Times reported.

Medical device and drugmaker Abbott Laboratories (NYSE: ABT) said it will pay $1.6 billion to settle federal and state claims regarding illegal off-label sales and marketing of its neurologic medication Depakote.

Analysts at Citigroup are slashing their estimates regarding just how much mining companies globally will spend this year, suggesting the industry is headed for a substantial slowdown, the Financial Times is reporting.

Temasek Holdings Pte. Ltd., the Singaporean sovereign-investment vehicle and RRJ Capital, a private equity fund run by former Temasek executive Richard Ong, will jointly invest about $468 million in Houston's Cheniere Energy Incorporated (Nyseamex: LNG), as Singapore pursues its goal of becoming an Asian hub for liquid natural gas (LNG).

India has delayed for a year the implementation of controversial rules, first announced in mid-March, to combat tax-avoidance, Finance Minister Pranab Mukherjee told lawmakers in New Delhi on Monday.

Jane McGarry, a mainstay at KXAS-TV in Dallas-Fort Worth where she is a news anchor, was arrested Sunday on an intoxicated driving charge.

The PlanetSolar catamaran became the first vehicle to circumnavigate the globe using solar energy on Friday when it pulled into Monaco after 19 months at sea.

Billionaire investor Carl Icahn has sold his $250 million debt holdings in Philip Falcone's telecom start-up LightSquared MOSAV.UL, while Falcone continues to negotiate with creditors to avoid a debt default, according to sources familiar with the matter.

Micron Technology Inc. (NYSE: MU), the only U.S. maker of memory chips, has won a bid for the assets of rival Elpida Memory of Japan, which collapsed in February.

The U.S. is pushing India to cut its imports of Iranian oil. But even as Secretary of State Hillary Clinton arrived in Kolkata on Sunday to discuss the issue along with U.S.-India economic ties, a larger Iranian delegation was simultaneously traveling through New Delhi.

The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.

Spain, the euro zone's fourth-largest economy, said Monday industrial output decrease by 7.5 percent in March compared to the prior year, following sharp unemployment and shrinking gross domestic product, according to official data.

It sounds like something out of a novel, but Adam Suffridge and Samantha Swindler, two young journalists actually did it: take down the untouchable sheriff of Whitley County, Ky., using their pens that led to the sheriff's indictment on extortion, distributing drugs and money laundering and plenty along with death threats aimed their way.

Seven political parties gained at least 6 percent of the vote in Sunday?s election in Greece, with the top vote-getter, the conservative New Democracy, winning about 18.9 percent.

Germany's Economics and Technology Ministry reported Monday factory orders rose in March, spurred primarily by businesses looking away from the euro zone and to the United States and emerging markets. Orders rose 2.2 percent from February, spurred by a 4.8 percent growth in export orders from outside the currency zone.

British bank Barclays PLC (London: BARC) is making a grand entrance into the U.S. retail banking space, debuting an online savings account this week that pays substantially more in interest to accountholders than its closest competitors.

According to the think-tank, a generally weaker economic outlook for a longer period in the UK, and revised jobless forecasts mean that only the affluent areas of London, the South East and East of England will escape the trend.

Steven Powell, father-in-law of missing Utah woman Susan Powell, will stand trial today for voyeurism and pornography charges. The estimated eight-day trial hopes to shed light on the disappearance of Susan Powell.

U.S. Marshalls have finally caught Nelson Gran Hallahan and his wife Janet, a duo who ran a Ponzi scheme that earned them the nickname the 'Mini Madoff' couple. The couple had been on the run for the past 12 years.

In an interim relief to the foreign investors, Indian Finance Minister Pranab Mukherjee Monday said that the government would delay the implementation of the General Anti-Avoidance Rules (GAAR) by one year.

First-quarter earnings season is winding down, with about 84 percent of the S&P 500 constituents already out with their results. However, we will still see a number of bellwether companies reporting results this week, including: Walt Disney, Macy's, Kohl's, OfficeMax, Cisco Systems, Nvidia, News Corp., AOL, Tyson Foods and Priceline.

It has been almost four years since Google launched the Android OS. Android had a humble beginning in 2008, but over the years the OS has occupied quite a large space in the market.

Gold eased on Monday after elections results in France and Greece that reflected strong anti-austerity feeling raised concerns over the euro zone's ability to battle its debt crisis, knocking the euro to a three-month low against the dollar.

During his victory speech, the new French president explicitly disavowed austerity.