IBT Staff Reporter

The European Commission called on Monday for contributions to an EU strategy on cloud computing, saying the remote technology could bring savings as well as huge revenues to the 27-member bloc.

J.C. Penney Co Inc's efforts to remake itself as a more fashionable chain and raise profitability by shedding weak units paid off in the first quarter and the retailer raised its full-year profit forecast.

The Dow and the S&P 500 edged higher on Monday, recovering from a fall at the open, as a weaker dollar helped commodity-related stocks snap back from a selloff in the last session.

Ivan Stoiljkovic, 6 years-old, has a special talent. He can attract metalic objects.

Fashion legend Iris Apfel will launch a new line exclusively for Home Shopping Network in September. Travel expert Samantha Brown will sell her first-ever collection of luggage through the network in late May.

Denmark - Picasso: Peace and Freedom - Louisiana Museum of Modern Art, Gl. Strandvej 13, Humlebæk, Denmark 3050

Here's a tip to staying healthy without compromising your mouth's integrity: frozen yogurt. A healthier alternative to ice cream, frozen yogurt is lower in fat, some even with none, and may be a little more tart. It's best to eat everything in moderation, but surely one more frozen yogurt snack wouldn't hurt...as much.

PIMCO's Bill Gross, manager of the world's largest bond fund, said on Monday it was a misconception the firm was short on U.S. Treasuries, saying the fund never actually bet against U.S. Treasuries.

Nasdaq OMX Group Inc and IntercontinentalExchange withdrew their hostile $11.3 billion bid for rival NYSE Euronext on Monday, citing opposition from U.S. antitrust regulators.

Alibaba puts Yahoo's position in China in jeopardy as it spun off its online payment service Alipay.

A proposal by a group of Canadian banks and pension funds to take over the operator of the Toronto Stock Exchange offers cost savings and opportunities for international growth, the group said on Monday.

Energy costs pushed up euro zone inflation in April, but core prices jumped as well, confirming ECB concerns about rising inflationary risks and adding to the case for more interest rate hikes.

TORONTO (Reuters Life!) - A new mobile application allows less-savvy wine consumers to scan bottle bar codes to get instant tasting notes, scores and food pairings.

Lowe's Cos reported weaker-than-expected quarterly results on a slow start to the spring selling season, prompting the world's second-largest home improvement chain to cut its forecast for the year.

No. 2 U.S. home improvement chain Lowe's Cos Inc reported a weaker-than-expected quarterly profit, hurt by a slow start to the spring selling season.

J.C. Penney Co Inc's efforts to remake itself as a more fashionable chain and raise profitability by shedding weak units paid off in the first quarter and the retailer raised its full-year profit forecast.

Stocks fell on Monday as jitters about euro zone debt bailouts, including more financial reforms by Greece, and doubts about the pace of global growth encouraged investors to shed riskier assets.

Supermodel Naomi Campbell has organized a fashion show to help the Japanese earthquake victims.

A group of Canadian banks and pension funds are hoping their C$3.6 billion ($3.7 billion) offer for TMX Group will keep the nation's largest stock market from falling into foreign hands, but questions remained on Sunday whether that is reason enough to succeed.

TORONTO (Reuters Life!) - A new mobile application allows less-savvy wine consumers to scan bottle bar codes to get instant tasting notes, scores and food pairings.

The Tree of Life will premiere today in France after a weekend of anticipation, and a year in waiting.

News and data provider Thomson Reuters should work to resolve a probe into the codes it allocates to company shares after rival S&P offered a fees cap to settle its own case, the EU's competition chief said on Monday.

Novak Djokovic romped to a straight-set victory over world number one Rafael Nadal in the final of the Rome Masters, continuing his magnificent unbeaten run.

Viadeo, the world's second-biggest social network for professionals behind LinkedIn, is deferring a plan for an initial public offering , preferring instead to focus on growth in emerging markets, its chief executive said.

Novak Djokovic romped to a straight-set victory over world number one Rafael Nadal in the final of the Rome Masters, continuing his magnificent unbeaten run.

J.C. Penney Co Inc reported a higher quarterly profit as it benefited from increased sales of its exclusive merchandise and cost-cutting, and the department store operator raised its full-year profit forecast, sending its shares up 6 percent.

In a tightly contested tablet landscape RIM started its journey by recalling 1,000 units of its flagship PlayBook tablet due to a faulty OS.

After two weeks of Osama bin Laden’s death, now comes word from pollster John Zogby that one out of five Americans believe that Bin Laden is not dead.

Dominique Strauss-Kahn, the head of the International Monetary Fund and a leading contender for the French Presidency in 2012, has an alibi as his defense team prepares on Monday to show evidence that he did not sexually attack a hotel worker in New York on Saturday.