IBT Staff Reporter

Private equity firm Carlyle Group LP said it was looking to raise between $701.5 million and $762.5 million in its initial public offering, valuing the company at as much as $7.61 billion, as it presses on with plans to catch up with rivals Blackstone , KKR and Apollo Global Management .

Jury selection in a high-stakes dispute over smartphone technology between Oracle Corp and Google Inc kicked off on Monday morning, starting a trial that could reveal financial details about the Android operating system.

Whether it is a stroll on the beach, sitting in a tranquil garden or a trip in the space shuttle researchers are testing a new iPhone app in a mass experiment to see if it is possible to craft the perfect dream.

Jury selection in a high-stakes dispute over smartphone technology between Oracle Corp and Google Inc is set to begin here on Monday morning, kicking off a trial in which both companies' chief executives are set to take the stand.

Citigroup Inc's quarterly profit beat Wall Street estimates as the third-largest bank cut expenses and benefited from an improved economy and more active capital markets after a dismal end to 2011.

Better-than-expected retail sales in March were unable to sustain an early rally on Wall Street as stocks struggled to come off their worst two-week period in more than four months, with a march higher in Spanish bond yields continuing to undermine confidence.

Commodities trader Glencore has denied it employs under-18s working at a copper mine in the Democratic Republic of Congo, saying any mining at the mothballed site is without its authority.

Google Inc has been fined $25,000 for impeding a U.S. investigation into the Web search leader's data collection for its Street View project, which allows users to see street level images when they map a location.

Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy.

The Supreme Court on Monday refused to hear the latest appeal by former Enron Corp Chief Executive Jeffrey Skilling seeking to overturn his criminal conviction over the collapse of the Houston-based energy trading giant more than a decade ago.

Retail sales showed unexpected vigor in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting economic growth in the first quarter was probably not as weak as many had feared.

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.

Homebuilder sentiment ebbed in April for the first time in seven months as prospective buyers remained hesitant to pull the trigger, the National Association of Home Builders said on Monday.

Beauty product company Coty Inc, whose $10 billion bid for larger rival Avon Products Inc was rejected earlier this month, reaffirmed its original cash offer of $23.25 per share on Monday.

Wal-Mart Stores Inc Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million in the previous year, as sales growth at the world's largest retailer fell short of its goals.

Wall Street opened higher on Monday as retail sales in March eased concerns about a slowing economic recovery and Citigroup earnings helped lift bank shares.

Wall Street was poised for a higher open on Monday after the worst weekly drop for the S&P 500 this year as retail sales in March and Citigroup earnings topped expectations.

U.S. retail sales rose solidly in March as Americans shrugged off high gasoline prices and bought a range of goods, implying that economic growth in the first quarter was probably not as weak as many had feared.

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

Retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared.

WASHINGTON, Apr 16 - Retail sales rose by 0.8% in March and for the third month, 'core' retail showed solid growth. March's gain is some two times larger than expected after February's 1% advance (originally up 1.1%), when the market thought there would be slowed activity after February's accommodative weather had pulled consumption forward.

Citigroup Inc reported lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets.

Beauty product company Coty Inc, whose $10 billion bid for larger rival Avon Products Inc was rejected earlier this month, said it might raise its offer if it was invited to examine the direct seller's books.

Stock index futures advanced on Monday ahead of retail sales data, indicating the S&P 500 may climb after suffering its worst weekly decline of the year.

Fierce debate is growing in Europe over whether austerity or growth offers the best strategy to overcome the continent's sovereign debt crisis. As if it were that simple.

Standing before a crowd of McDonald's Corp shareholders at its headquarters last spring, an unlikely investor prepared for battle.

President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung on Monday when the U.S. Senate is slated to vote on the proposed Buffett Rule, which would slap a minimum tax on the highest-income Americans.

Danish oil and shipping group A.P. Moller-Maersk said on Monday partner and shipowner Maersk Mc-Kinney Moller died on April 16.

Bank of Japan Governor Masaaki Shirakawa said on Monday he was continuing to monitor the risk that Europe's debt woes could affect Japan's banking system, just as renewed fears about the euro zone spooked financial markets.