NEW YORK

Asset markets across the world hit a collective reset button Monday, as investors moved their cash across continents to capitalize on different markets digesting the same morsel of news at different speeds.

Shares of troubled BlackBerry developer Research in Motion (Nasdaq: RIMM), jumped more than 4 percent late Monday amid unconfirmed reports the company has hired a banker for an auction.

Shares of AOL, the No. 5 website, fell 1 percent in late Monday trading even after the troubled company won its first Pulitzer Prize.

Columbia University on Monday announced the 2012 Pulitzer Prize winners and there was no winner in the fiction category this year.

International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, has scheduled its first-quarter earnings announcement for after Tuesday’s market close.

The prison sentence of would-be shoe bomber Saajid Badat was reduced by two years after he agreed to testify against Adis Medunjanin, one of the men who planned on bombing the New York City subway in 2009.

On Sunday, thousands of people commemorated the 100-year anniversary of the sinking of the Titanic. In order to memorialize the fallen victims of the ship, relatives, enthusiasts and well wishers attended ceremonies across the globe.

Does Fran Drescher have your vote?

The 2012 Pulitzer Prize winners were announced on Monday.

Coachella fashion might radiate that quintessential laidback, casual California feel but styling for the season's biggest music festival is anything but easy. Dressing for Coachella requires a strategy. Celebrities have pulled out all the stops for the desert festival/fashion show. Check out the most popular fashions and trends from the 2012 Coachella music festival, courtesy of Polyvore.

A new crash diet has women putting feeding tubes into their nose in order to lose weight quickly.

Woody Allen's highly anticipated new film To Rome, With Love, premiered in the city where it was set on Friday and Penelope Cruz stole the spotlight dazzling in a pink, strapless Dolce & Gabbana gown.

Kathrine Switzer, who became the first woman to officially enter the Boston Marathon in 1967, will be commentating on the 2012 Boston Marathon, her 30th Boston Marathon in a row.

Pro-Palestinian activists, set to arrive in Israel for the third Welcome to Palestine fly-in campaign were detained at the airport by Israeli police.

Closely-held private equity giant The Carlyle Group will be putting a valuing itself somewhere in the vicinity of $7 billion during an upcoming initial public offering, the Wall Street Journal reported late Sunday, a conservative assesment that takes into account some very recent developments in the private equity and IPO worlds.

Citigroup Inc. (NYSE: C) kicked off Monday morning by announcing underwhelming first-quarter earnings that narrowly missed analyst expectations on both profit and revenue. The New York-based banking giant reported earnings of $2.93 billion, or 95 cents per share on revenues of $19.41 billion. Earnings a year ago had been reported as $3 billion, or $1 a share, on revenues of $19.73 billion. Analysts had expected earnings to be flat from year-ago results.

Hillary Clinton's late night out at a Colombia bar has proven to become yet another distraction to President Barack Obama's official visit to the country, prompting either outrage or praise over the Secretary of State's cool-girl image.

As China continues to struggle through a major political scandal which has led to the purge of Bo Xilai, formerly one of the country's most visible and respected leaders, Premier Wen Jiabao used the opportunity to warn against corrupt behavior within the Chinese government.

The newest trend in extreme dieting, The K-E Diet, is gaining momentum in terms of popularity, namely with brides-to-be, as the diet boasts anywhere from a 10-20 pound rapid weight loss in as little as 10 days through the use of a feeding tube. But how far is too far when it comes to shedding the pounds?

Gannett Co. (NYSE: GCI), the largest U.S. newspaper group by circulation, said Monday that earnings fell in the first quarter due to a slump in advertising revenue and restructuring costs.

Citigroup's first-quarter earnings beat Wall Street estimates as expenses fell 7 percent from the 2011 fourth quarter.