IBT Staff Reporter

Morgan Stanley said it will have to post another $6.52 billion in collateral to counterparties and clearinghouses if Moody's follows through on a warning that it might cut the Wall Street bank's long-term debt rating by up to three notches.

Bank of America Corp won a victory when a U.S. appeals court ruled that a proposed $8.5 billion settlement with investors in mortgage-backed securities should be reviewed in New York state court, not federal court.

Dell Inc launched a new line of servers for enterprise customers, boosting its corporate business unit and shifting its focus further away from consumers, who are increasingly choosing such devices as Apple Inc's iPad.

Bloomberg LP revamped its market data service on Monday in an effort to make its flagship terminal more intuitive and simpler to use for financial clients who have seen their budgets slashed in recent years.

German Chancellor Angela Merkel scraped through a parliamentary vote endorsing a second bailout for Greece on Monday but faced a growing backbench revolt against pouring in more money in support of the euro zone.

The anti-secrecy group WikiLeaks began publishing on Monday more than 5 million emails from a U.S.-based global security analysis company that has been likened to a shadow CIA.

The benchmark S&P 500 closed at its highest level since mid-2008 on Monday, extending gains for a third session as oil prices retreated after a recent rally and data showed further improvement in the U.S. housing market.

U.S. households continued to shave debt in the fourth quarter as mortgage balances declined, while there were tentative signs Americans are increasingly willing to spend, according to a report released on Monday by the New York Federal Reserve.

U.S. households continued to shave debt in the fourth quarter as mortgage balances declined, while there were tentative signs Americans are increasingly willing to spend, according to a report released on Monday by the New York Federal Reserve.

Mobile operator Vodafone has offered to join forces with rival firms to share the 30 billion euro ($40 billion) bill to build out new superfast fiber networks in Europe, in a sign of the increasing demands being placed on operators.

U.S. households continued to shave debt in the fourth quarter as mortgage balances declined, while there were tentative signs Americans are increasingly willing to spend, according to a report released on Monday by the New York Federal Reserve.

The FBI says it has enough informants lined up to keep its investigations of suspected illegal insider trading at hedge funds going for at least five more years.

Chancellor Angela Merkel managed to get a second Greek bailout approved in the German parliament on Monday without having to rely on the votes of opposition lawmakers, but she fell short of the wide majority needed for a convincing victory.

Stocks inched higher on Monday as oil prices retreated after recent sharp gains and data showed further improvement in the U.S. housing market.

General Motors Co is in advanced discussions to buy a small stake in French automaker Peugeot as part of their proposed strategic alliance in Europe, sources familiar with the situation said on Monday.

U.S. consumer debt fell a modest 1.1 percent in the fourth quarter as mortgage debt continued to decline, the New York Federal Reserve said on Monday.

Contracts to purchase previously owned U.S. homes neared a two-year high in January, an industry group said on Monday, further evidence the housing market was slowly turning the corner.

Mexico's Cemex said on Monday it plans to exchange some of its debt for longer maturities in a deal that could help one of the world's leading cement makers save millions of dollars.

Despite the brave new workout world of streaming videos and smart phone exercise apps, the old-fangled fitness DVD has never been in better shape.

The S&P 500 edged higher in afternoon trading on Monday to hit its highest level since June 2008 as data showed continued improvement in the beaten-down U.S. housing market, adding to hopes for a strengthening economy.

Stocks edged higher on Monday, reversing early losses, as oil prices retreated from worrisome levels and new data showed continued improvement in the struggling U.S. housing market.

The politics of China's need for a smooth leadership succession this year provide the best protection against a hard economic landing, regardless of stuttering exports, faltering capital flows, local government debts and lingering inflation risks.

Finnish mobile phone maker Nokia unveiled a cheaper smartphone using Microsoft's Windows Phone software on Monday, aiming to win back market share by targeting a wider audience.

Warren Buffett resisted pressure on Monday to identify his successor as chief executive officer of Berkshire Hathaway, saying the person who has been chosen does not even know it himself.

Stocks rebounded on Monday from near 1 percent losses after the open to turn flat in late morning trading.

Euro zone finance ministers will meet to discuss Greece and its private sector debt restructuring in Brussels on Thursday, the president of the Eurogroup, Jean-Claude Juncker, said on Monday.

Lowe's Cos , the world's second-largest home improvement chain, reported higher-than-expected quarterly sales as a warm winter prompted many homeowners to take up renovation projects that they normally save for the spring.

Nearly 10 percent of customers of U.S. banks moved their accounts last year, often after they became frustrated with fees and the quality of service, market research firm J.D. Power and Associates said on Monday.

Stocks opened lower on Monday following the S&P 500's four-year closing high last week and after the Group of 20 leading economies told Europe it must commit more money to fight the EU debt crisis before seeking broader help.