IBT Staff Reporter

- American International Group raised about $6 billion by cutting its AIA Group stake in a deal that was priced at the bottom of the bailed-out U.S. insurer's own expectations.

Ford Motor Co has decided not to pursue any alliances this year with other carmakers in Europe, where it may lose up to $600 million, even as rival General Motors Co joins forces with France's Peugeot in hopes of riding out the region's debt crisis and depressed auto market.

A four-legged robot known as the Cheetah lived up to its name on Monday, setting a new land speed record for legged robots by running at 18 mph on a treadmill at a laboratory in Massachusetts, its developer said.

International tax evasion by multinational companies that take advantage of tax-rate disparities among countries is on the rise, according to an international study group.

American International Group raised $6 billion through the sale of its stake in AIA Group, a move that allows the U.S. insurer to repay part of its government bailout.

AT&T Inc is in a tentative labor contract with the Communications Workers of America covering roughly 9,000 workers in five states, according to the company and the union.

Wall Street's bonuses fell nearly 25 percent in 2011, a New York City fiscal watchdog estimated on Monday, a less severe drop than the industry had anticipated, though still likely to deal a blow to the economies of New York City and New York state.

AT&T Inc is in a tentative labor contract with the Communications Workers of America covering roughly 9,000 workers in five states, according to the company and the union.

Wall Street's bonuses fell nearly 25 percent in 2011, a New York City fiscal watchdog estimated on Monday, a less severe drop than the industry had anticipated, though still likely to deal a blow to the economies of New York City and New York state.

Wall Street's bonuses fell nearly 25 percent in 2011, a New York City fiscal watchdog estimated on Monday, a less severe drop than the industry has anticipated, though still likely to deliver a blow to the economies of New York City and New York state.

Within three months of the launch of the Internet pornography domain .xxx, 10 cases have been launched against Web pirates registering sites on it using the names of reputable companies and people, insiders said on Monday.

Stocks fell on Monday for the second straight session and the third in the last four trading days, led lower by basic materials shares after China trimmed its growth target for 2012.

Swiss lawmakers have passed a tax proposal seen as key to settling a U.S. probe into Swiss banks with hidden offshore accounts.

Only a dire situation would call for the Federal Reserve to buy more assets, and that is unlikely given the better-looking economic data, a top central bank official said on Monday.

Only a dire situation would call for the Federal Reserve to buy more assets, and that is unlikely given the better-looking economic data, a top central bank official said on Monday.

The services sector expanded at its fastest pace in a year in February, helped by a gain in new orders and as the housing market shows signs of stabilizing.

Research In Motion will be forced to slash the fees it charges carriers for BlackBerry service this year, an analyst said on Monday as another U.S. government customer edged away from the service, cutting into a pillar of the struggling smartphone company's business model.

Research In Motion will be forced to slash the fees it charges carriers for BlackBerry service this year, an analyst said on Monday as another U.S. government customer edged away from the service, cutting into a pillar of the struggling smartphone company's business model.

El Paso Corp delayed a shareholder meeting for voting on the pipeline company's roughly $23 billion acquisition by rival Kinder Morgan Inc to give investors more time to consider a judge's ruling that criticized some of the deal's participants.

Greece has recalled its warship from the European Union's anti-piracy task force in the Indian Ocean to save money as it struggles to meet fiscal targets set by international lenders in return for a bailout package.

A U.S. senator has urged the Federal Trade Commission to investigate reports that applications on the Apple Inc and Google Inc mobile systems steal private photos and contacts and post them online without consent.

Only a dire situation would call for the Federal Reserve to buy more assets, and that is unlikely given the better-looking economic data, a top central bank official said on Monday.

The basic materials and energy sectors led stocks lower on Monday after China, the world's second-largest economy, cut its growth target for 2012.

International filings for patent protection, a key indicator of technological innovation in major economies, hit an all-time record last year driven by growth in China and other middle- income countries, a United Nations agency said on Monday.

The owners of the New York Mets baseball team on Monday lost their bid to end a $386 million lawsuit brought by the trustee seeking money for victims of Bernard Madoff's fraud.

The U.S. Internal Revenue Service's new software system for handling electronic tax returns has experienced problems during the tax filing season, angering some taxpayers whose refunds have been delayed.

Stocks fell on Monday, dragged lower by the basic materials and energy sectors after China, the world's second-largest economy, cut its growth target for 2012.

Democratic lawmakers called on the country's futures regulator to crack down on excessive speculation in oil markets as rising gasoline prices moves to the forefront of the election campaign.

China's acceptance of a slower rate of growth rattled markets on Monday, but it also shows that the gradual rebalancing of the global economy long sought by world leaders is on track.