BUSINESS

Little by little, we are slowly putting the pieces of the iPhone 5 puzzle together. On Saturday, Hong Kong-based components supplier SW-Box claimed to have come into possession of a group of new components, including a headphone jack, ear speaker, and a Wi-Fi cable part, which are all allegedly being built for Apple's sixth-generation iPhone. What else does Apple have in store for the iPhone 5?

Global bank stocks fell Monday as investors panicked that a weekend electoral impasse in Greece might be a prelude to that country to leave the 17-member euro zone.

The Glass-Steagall Act of 1933 was a Depression-era law that separated investment and commercial banks. It was repealed in 1999 during the Clinton administration.

The social network is expected to make the internet's largest initial public offering ever recorded at an estimated company valuation of $96 Billion. Projecting such high figures, investors unfamiliar with the IPO market and more familiar with Facebook as a company will most likely be asking themselves -- what's the worst that could happen?

Facebook founder and CEO Mark Zuckerberg turned 28 on Monday, and his true birthday present will arrive on Friday when the social networking site sells stock and begins trading on Nasdaq. But he's not the only young gun out there.

The president of Greece late Monday summoned the heads of leading political parties in an apparently last-chance bid to cobble together a coalition government and avoid national elections in June.

LightSquared Inc., hedge-fund manager Philip Falcone?s national wireless venture, collapsed Monday and filed for protection in U.S. Bankruptcy Court in New York.

Hollande also wants the euro zone fiscal pact re-written -- something Merkel has adamantly refused to do.

A former U.S. Environmental Protection Agency administrator who compared the agency's regulatory policy to that of Roman crucifixions will provide testimony on Capitol Hill next month.

Shares of BMC Software, which specializes in enterprise products, soared nearly 10 percent after Elliott Associates, the venerable New York hedge fund, said it has acquired a stake above 5 percent.

JPMorgan's large trading losses affirm the need for Wall Street oversight, the White House said on Monday, declining to comment on the specifics of the case while the U.S. Securities and Exchange Commission investigates it.

The Games take on a different political importance for China.

Murdered veterans' advocate April Kauffman was remembered as a selfless woman during her funeral Monday morning as detectives continued their investigation into who killed the 47-year-old New Jersey woman.

Best Buy Co. (NYSE: BBY), the troubled electronics retailer, said Monday founder Richard Schulze was resigning as chairman and would be replaced by director Hatim Tyabji, after Schulze didn't tell the board that former CEO Brian Dunn was having an inappropriate relationship with a female employee.

India's inflation accelerated in April to 7.23 percent, higher than expected and amid sluggish growth, as food and manufacturing costs jumped.

The labor strife has also wreaked havoc with Air India?s discount international fleet, Air India Express, as well as the domestic carrier, Indian Airlines.

Argentina's nationalization of YPF, the country's largest oil and natural gas producer, may come back to hurt its energy ambitions, said this month's International Energy Agency oil market report.

Former Yahoo (Nasdaq: YHOO) CEO Scott Thompson quit in part because of a recent diagnosis of thyroid cancer, the Wall Street Journal reported.

Who doesn't love puppies? Nobody, that's who! That's why Cleaversoft LLC built PuppyWars, a free iPhone and iPad game where dog lovers can answer the age-old question: Who has the cuter puppy?

Best Buy founder Richard Schulze is the newest casualty of a sex scandal at Best Buy that led to his resignation today after an internal investigation revealed that he knew about a close personal relationship former CEO Brian Dunn had with a 29-year-old female employee, which is a violation of company policy.

A new report revealed that Kodak housed a nuclear reactor the size of a refrigerator containing weapons-grade uranium for over 30 years in a facility in Rochester, New York.

Congratulations, the good guys finally won. You and your team, with help from other institutions, have ousted CEO Scott Thompson, elected three Third Point nominees to the board, removed another handful of management nominees and effectively control the company. Now what?

The almighty dollar was the investment of choice Monday morning, as international investors - in a classic flight to safety after various major news breaks last week - piled into greenback-denominated cash and cash equivalents.

Yahoo CEO Scott Thompson has resigned from his position at the Sunnyvale, Calif., based company after investor's revealed a misrepresentation in his resume, but he isn't the only one. Check out some other CEO's who got caught with fixed resumes.

Facing a dropoff in cash in recent months, Chesapeake Energy, the second-largest producer of natural gas in the United States, announced last week it got a $3 billion loan from Goldman Sachs, bringing the company's debt to a new record.

The main event this week is April?s retail sales report, which could see some payback after the unseasonably warm weather boosted March?s results. In Europe, investors will get a look at how the region?s economies fared in the first quarter.

Gold prices fell to a 4-1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro.

Concho Resources Inc. (NYSE: CXO) will buy all of the oil and natural gas assets of Three Rivers Operating Company LLC for $1 billion in cash, increasing Concho's production by 7,000 barrels of oil a day, the company announced Sunday.

Shareholder activist Carl Icahn is expected to disclose his acquisition of a significant piece of Oklahoma City-based natural gas company Chesapeake Energy Corp. (NYSE: CHK), which has seen shares tumble amid a federal inquiry, a securities class-action suit and near-record-low natural gas prices. Both parties have yet to publicly confirm the deal.