IBT Staff Reporter

Ratings agencies Fitch lowered its ratings on four big Spanish banks while Standard & Poor's cut its rating for the industry as a whole on Monday following recent sovereign downgrades and on concerns of funding difficulties and a weak economy.

Big U.S. manufacturers moved their production out of the country too quickly over the past decades and now see a competitive advantage in building up their footprints back home, top executives said on Monday.

General Electric Chief Executive Jeffrey Immelt on Monday defended the U.S. Export-Import Bank against charges the export-facilitating lender is corporate welfare and should be shut down.

General Electric Chief Executive Jeffrey Immelt on Monday defended the U.S. Export-Import Bank against charges the export-facilitating lender is corporate welfare and should be shut down.

Facebook diminishes shareholder rights with its dual-class share structure and limits the accountability of its board of directors to investors, proxy advisory group Institutional Shareholder Services said on Monday.

Stocks rose on Monday, led by bank shares after Greece's parliament approved reforms needed to qualify for a cash disbursement and avoid an unruly default.

Stocks extended gains on Monday, with the Nasdaq rising one percent on strength in large-cap tech shares.

Two former Bear Stearns fund managers, who were acquitted of criminal charges over the demise of their mortgage-laden hedge funds, agreed on Monday to pay more than $1 million to resolve a civil lawsuit brought by market regulators.

A long, standing ovation greeted Italy's Mario Monti when he entered the packed Card Room on the seventh floor of the New York Stock Exchange last week.

The U.S. Department of Justice is expected to approve of the transaction as early as this week.

Financial market regulators, months behind in writing rules to implement the Dodd-Frank reforms and under pressure to probe the collapse of broker MF Global more vigorously, would get a big budget boost in the coming fiscal year from the spending plan that the White House proposed on Monday.

A young Saudi blogger and columnist has been deported to his homeland to face trial soon after fleeing from death threats triggered by comments on the social network Twitter seen as blasphemy against the Prophet Mohammad.

Feb 13 - The confluence of widespread deleveraging among European banks and a significant wall of debt maturities that must be refinanced is creating a rising tide of distressed credit opportunities for U.S. alternative investors. However, the pace of activity is developing more slowly than anticipated, according to credit investors.

A U.S. government report on Monday showed farmers in the United States will plant the largest area with corn this spring since World War Two, which could double the razor-thin stocks of this year and help defray costs to consumers and food companies.

Google Inc won unconditional EU regulatory approval on Monday for its planned $12.5 billion purchase of mobile handset maker Motorola Mobility.

Apple Inc said on Monday that a U.S. non-profit labor group has begun an unprecedented inspection of working conditions at its main contract manufacturers, including Foxconn's plants in southern China, as the maker of the IPhone continues to grapple with persistent image problems there.

Stocks rose Monday, led by banks after Greece's parliament approved strict financial reforms needed to obtain an international bailout package.

Google Inc. won unconditional EU regulatory approval on Monday for its planned $12.5 billion purchase of mobile handset maker Motorola Mobility.

Stocks rose Monday, led by banks after Greece's parliament approved strict financial reforms needed to obtain an international bailout package.

Shares of C&W closed up 44.51 percent to £28.54 ($45.02) on the London Stock Exchange.

AmerisourceBergen Corp. said on Monday its Chief Financial Officer Michael DiCandilo had resigned to pursue other interests, effective immediately, sparking at least one broker downgrade and sending its shares down more than 3 percent.

Tens of thousands of protesters took part in rallies across Europe on Saturday against an international anti-piracy agreement they fear will curb their freedom to download movies and music for free and encourage Internet surveillance.

Trying to forecast world oil demand growth is a tricky job at the best of times. This year abnormal levels of uncertainty about the global economy are making the job even more difficult.

Nearly half of cash-back cards, or 48 percent, paid 1 percent cash back from the first dollar of spending, up 44 percent last year, according to a credit card study conducted by Bankrate.com. Fourteen percent of cash-back cards paid more than 1 percent.

Stocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

Stocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia.

Guests at some New York Fashion Week shows and others watching online now have a new way to identify the looks they see sashaying down the runways.

The voluntary buyouts are for employees who are at least 56 years old and have worked at the McLean, Va.-based company for at least 20 years as of March 31, according to a company memorandum.