IBT Staff Reporter

Avon Products Inc named Johnson & Johnson executive Sherilyn McCoy as its new CEO, ending a four-month outside search for a fresh face to refocus the company and turn around sales at home and abroad.

Avon Products Inc named Johnson & Johnson executive Sherilyn McCoy as its new CEO, ending a four-month outside search for a fresh face to refocus the company and turn around sales at home and abroad.

Toyota Motor Corp <7203.T> unveiled on Monday a new framework for vehicle development aimed at making its cars more appealing, while cutting costs by at least 30 percent through the use of more shared parts.

Major stock indexes fell more than 1 percent in early trading on Monday, weighed by growth-related sectors, after last week's much weaker-than-expected report on March U.S. job creation.

Global stocks and crude oil fell on Monday after data released last week showed a sharp slowdown in U.S. jobs growth, raising concerns about the strength of the world's largest economy.

Depending on where you look, Asia's inflation is either benign or stubbornly hot.

Freddie Mac , the No. 2 U.S. home funding company, said on Monday it sold $2 billion of reference bills at higher rates and weaker demand compared with the last week's sale of similar maturities.

Major stock indexes were set to open about 1 percent lower on Monday after last week's much weaker-than-expected report on March U.S. job creation.

Stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March.

AT&T Inc said on Monday it would sell a 53 percent stake in its Yellow Pages business to private equity firm Cerberus Capital Management LP [CBS.UL}, which will pay AT&T $750 million in cash and take on $200 million in debt.

U.S. stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March.

AOL Inc said it would sell over 800 of its patents and related applications to Microsoft Corp , and would grant Microsoft a non-exclusive license to the patents it retains, for slightly over $1 billion in cash.

U.S. stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March.

Avon Products Inc said it named Johnson & Johnson executive Sherilyn McCoy as its chief executive officer, effective April 23.

It hasn't been long since Caterpillar Inc looked like the typical resident of the Rust Belt. Having misjudged how deep the U.S. economy would decline, the world's largest maker of construction machinery reduced its workforce by 33,000 people worldwide in 2009, closed plants and posted lower profits.

The activist hacker group Anonymous plans to launch further attacks on Chinese government websites in a bid to uncover corruption and lobby for human rights, a member of the group said on Monday.

Qatar's sovereign wealth fund has increased its stake in Xstrata to just over 5 percent, potentially making it easier for commodities trader Glencore to buy the Anglo-Swiss miner.

China's annual inflation rate jumped more than expected in March to 3.6 percent as food prices remained volatile, but economists believe price pressures will moderate over the rest of year, giving Beijing the flexibility to ease monetary policy to support growth.

Qatar's sovereign wealth fund has built a 5-percent stake in Xstrata ahead of the mining giant's planned $41 billion takeover by commodities trader Glencore .

China's annual inflation spiked unexpectedly in March to 3.6 percent driven by rising food prices, data showed on Monday, surprising investors who had bet on cooling price pressures to give Beijing room to ease monetary policy.

Some of the world's most prominent central bankers may have to hope the pen is as mighty as the sword.

Sometimes a little bit of inflation is not such a bad thing. In the United States, prices starting to creep upward shows the deep wounds from the credit crisis are slowly healing and the U.S. economy is well on the road to recovery.

More than 40,000 employees at AT&T Inc will keep working under the terms of an expired labor contract while their union continues negotiations with the telephone company, averting a potentially costly strike for now.

Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation.

Britain's advertising regulator is deciding whether to launch an inquiry into Apple Inc's marketing of its latest iPad following what some customers said were misleading claims about access to 4G, which is not available in the country.

China's love affair with American education is stronger than ever. Chinese families -- including those in the burgeoning middle class -- want to send their sons and daughters to be educated in another country, with most coming to U.S. institutions.

A Marine who posted on Facebook that he would not follow orders from President Barack Obama should be dismissed from the military with a less-than-honorable discharge, a Marine Corps review board ruled.

Myanmar plans to increase rice exports by almost a fifth to 1 million tons in the current fiscal year (2012-2013), owing partly to international help in reviving its agriculture sector, state media said on Saturday.

Employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy.