IBT Staff Reporter

Jive Software Inc priced its initial public offering at $12 per share, above its expected price range of between $8 and $10 per share, according to an underwriter.

Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a last chance European Union summit failed to convince markets.

Dec 12 - Social networking. Cloud computing. Software as a service.

Medtronic Inc has agreed to pay $23.5 million to settle allegations that it paid kickbacks to doctors to encourage them to use its pacemakers and defibrillators, the U.S. Justice Department said on Monday.

Apparel retailer Urban Outfitters Inc said in regulatory filing that retail segment same-store sales were up in the mid-single digits so far in the fourth quarter, sending its shares up 10 percent after the bell.

Microsoft Corp appointed a new head for its mobile phone software group on Monday, as the company continues to search for ways to extend its dominance in the PC market to the fast-growing and highly-competitive smartphone business.

Medtronic Inc has agreed to pay $23.5 million to settle allegations that it paid kickbacks to doctors to encourage them to use its pacemakers and defibrillators, the U.S. Justice Department said on Monday.

Is Fox News honcho Roger Ailes working on a tell-all?

Universal Pictures has acquired 80 percent of all worldwide distribution rights for an untitled thriller starring Angelina Jolie, the studio announced Monday.

The Santa Barbara International Film Festival has landed a big one on the awards circuit: director Martin Scorsese, who will receive the festival's American Riviera Award on Monday, January 30.

Lee Enterprises Inc , which publishes 48 daily newspapers including St. Louis Post-Dispatch, filed for Chapter 11 bankruptcy protection to refinance nearly $1 billion in debt, as newspapers struggle with falling advertisement dollars and dwindling readership.

Martin Marietta Materials Inc launched a hostile $4.8 billion all-stock offer to buy larger rival Vulcan Materials Co in a bid to build the world's largest producer of sand, gravel and other construction materials.

AT&T Inc has another month to decide whether it wants to continue to pursue its $39 billion acquisition of T-Mobile USA after a U.S. Judge agreed to delay the court battle over the deal until January 18.

Epam Systems Inc, an IT services provider with operations in Russia, is aiming to move ahead with its planned U.S. initial public offering in the first quarter of next year, two sources familiar with the situation said on Monday.

Decisions reached by the European Union summit last week are radical and will lead to harmonization of policies which has not been possible so far, European Central Bank Governing Council Member Marko Kranjec said on Monday in a TV interview.

Decisions reached by the European Union summit last week are radical and will lead to harmonization of policies which has not been possible so far, European Central Bank Governing Council Member Marko Kranjec said on Monday in a TV interview.

The European Commission presented legislation on Monday to open up access to public sector data, in a move that could prove valuable to developers of smartphone applications such as maps or restaurant finders.

Netherlands-based Sensata Technologies Holding NV cut its fourth-quarter outlook hurt by weakness at its sensors business.

Pfizer Inc , the world's biggest drugmaker, named Chief Executive Ian Read to the additional post of chairman and authorized buying back company stock for up to $10 billion.

Investors were bracing for a possible mass downgrade of euro zone countries as soon as this week after EU leaders failed to come up with decisive measures to tackle the region's debt crisis.

Stocks tumbled on Monday, as concerns about Europe returned to the forefront after major credit ratings agencies warned that European leaders had not done enough to tackle the region's debt crisis.

Olympus Corp's former president Tsuyoshi Kikukawa personally dismissed the auditing firm that raised objections about the acquisitions used to cover up loss-making investments, the Nikkei business daily reported, citing sources familiar with the ongoing investigations.

Intel Corp warned that hard-disk drive supply shortages would hurt its current-quarter revenue, the latest heavyweight in the PC industry to caution about the effects of flooding that has crippled factories in Thailand.

Target Corp's impending arrival in Canada, paired with Wal-Mart Stores Inc's expanding grocery business in the country, will help slow food inflation next year and keep established grocers under pressure, researchers said on Monday.

Here we go again: Donald Trump is ridiculously inflating his influence on the Republican presidential campaign. Trump, whose Dec. 27 debate was snubbed by five out of seven candidates last week, is now claiming that he has changed the entire direction of the race.

In a move likely to increase tension with Canada's Muslim minority, the government said on Monday it would bar all women wearing face coverings from taking part in citizenship ceremonies.

PepsiCo Inc's beverage business should show improvement next year, its new head of beverages for the Americas said, as the company invests in its core drink brands and new products.

Stocks tumbled on Monday, as concerns about Europe returned to the forefront after major credit ratings agencies warned that European leaders had not done enough to tackle the region's debt crisis.

Canadian National Railway Co and Teamsters Canada Rail Conference (TCRC) have reached a tentative agreement on labor contracts before the expiry of the current contract.