BUSINESS

The World Bank's private-sector lender plans to work more closely with Intel, the world's top chipmaker, to invest in technology firms in developing countries, a senior World Bank official said on Monday.

Upstart Canadian mobile operator Mobilicity will slash its already low-cost calling plans from Tuesday in a holiday challenge to both big providers and other new entrants.

On paper, Groupon Inc appears to be a juicy target for short sellers: it loses money, it has changed its accounting twice, and its unproven business model faces competition from Google and Amazon.

JP Morgan's metals trading chief Peter Sellars, one of the last senior Sempra-era executives to remain at the bank, will retire in January, according to a memo sent to staff on Monday.

The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank.

Stocks fell on Monday as rising bond yields in Italy and other euro-zone countries reminded investors that despite changes in governments, the region's debt crisis could still spin out of control.

MF Global Holdings Ltd has been sued by former employees who said workers were not given proper notice before the November 11 firing of all 1,066 at its broker-dealer unit.

GlaxoSmithKline is assessing final bids for a clutch of its non-prescription drugs, keeping the process on track for the selection of a buyer by the end of the year, people familiar with the matter said on Monday.

Peek inside the wild world of India’s premier traveling circus.

The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank.

Just days after the collapse of MF Global, a healthcare plaintiffs' lawyer registered the domain mfglobal-lawsuit.com -- a sign of the legal business the brokerage's failure is expected to generate.

Wall Street stocks fell on Monday as euro zone data signaled the region could be facing a recession, adding to worries about Europe's debt crisis.

German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.

WASHINGTON, Nov 14 - The New York County District Attorney's office will soon announce enforcement actions against additional foreign banks that helped Iran and other U.S.-sanctioned countries access the U.S. financial system, Manhattan District Attorney Cyrus Vance, Jr said on Monday.

Italian bank UniCredit is to ask shareholders for 7.5 billion euros ($10.3 billion) in new capital, cut 6,150 jobs and retreat from key business areas in a bid to repair its ravaged balance sheet and return to profit.

LEIPZIG, Germany, Nov 14 - Warning that Europe faced its toughest hour since World War Two, German Chancellor Angela Merkel urged her party to set aside its misgivings about the euro and accept closer political integration as a solution to the bloc's deepening debt crisis.

Warren Buffett has always made his distaste for technology investments clear, but on Monday he changed his ways in spectacular fashion.

The financial crisis is forcing investment bankers to take on unfamiliar tasks left behind by redundant colleagues to meet the needs of clients struggling with choppy markets.

Olympus Corp directors approved the purchase of Gyrus Group's preferred stock from a firm that advised the Japanese company's takeover of the British medical products maker, for more than three times the original price just two months after the shares were issued, the Nikkei business daily said.

Sprint Nextel cut broadband wireless prices for its fastest data service customers after just two weeks to better compete with rivals AT&T Inc and Verizon Wireless in the holiday shopping season.

Italian bank UniCredit is to ask shareholders for 7.5 billion euros ($10.3 billion) in new capital, cut 6,150 jobs and retreat from key business areas in a bid to repair its ravaged balance sheet and return to profit.

Wall Street stocks declined on Monday as euro zone data signaled the region could be facing a recession, adding to worries about Europe's debt crisis.

Economists polled by the Philadelphia Fed lowered their U.S. economic growth outlook for the next two years as the labor market was forecast weaker than anticipated, a survey released on Monday showed.

Wall Street edged lower on Monday as Italy and Greece rushed to form technocrat-led governments in a bid to stave off the euro zone's debt crisis, and as data showed the region is facing a looming recession.

Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost the ailing U.S. bank's capital levels.

Drivers on Long Island Bus Monday circulated petitions to passengers opposing its sale by Nassau County to French water company Veolia.

Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost its capital levels.

German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.

Warren Buffett, often mentioned as a potential savior for troubled European banks, said on Monday that he has no interest at the moment in investing in the sector, and that there is what amounts to a partial run on Europe.