IBT Staff Reporter

Glencore International Plc has revised the price range for its planned $11 billion initial public offering to 520-550 pence per share, from an earlier guidance of 480-580 pence each, a source with direct knowledge of the matter told Reuters on Monday.

Chrysler Group LLC, seeking to raise $6 billion in new debt to repay government loans, is expected to restructure its proposed refinancing package this week after investors showed hesitation over the loan portion of the transaction, people familiar with the matter said.

Oakland Athletics starting pitcher Trevor Cahill took his first loss of the season to the Chicago White Sox 4-3, after committing a throwing error in a pivotal seventh inning.

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.

Kevin Durant scored 39 points with 9 rebounds to help the Oklahoma Thunder beat the Memphis Grizzles 105-90 in deciding game 7 of their playoff series.

Authorities in northern Guatemala, near the Mexican border, confirmed 26 men and two women were shot and decapitated Saturday evening, with police indicating members of a Mexican drug cartel may be responsible as the Guatemalan army sen troops to the Mexican border to prevent an escape of those possibly responsible.

AOL Inc is launching a professional division called AOL Industry on Monday aimed at government, energy and defense executives.

The third Volkswagen crashed at Queensboro Bridge, Saturday May 14, landing on top of a livery cab, leaving their drivers miraculously alive.

The Guinness World Record has been awarded to Apple's App Store for being the most popular apps marketplace in the world.

Israeli troops killed at least one Syrian crossing the nation's northern border on Sunday as another 100 crossed amid protests by Palestinians marking the 1948 establishment of Israel, known as Nabka Day.

The Oklahoma City Thunder will face the Dallas Mavericks to decide who represents the Western Conference in the 2011 NBA Finals, after defeating the Memphis Grizzlies in Game Seven, 105-90.

On a perfect Sunday morning in San Francisco, thousands of runners flooded the streets for the 100th Zazzle Bay to Breakers, the City's largest annual street party. Celebrating its centennial running, the event is known most for its revelers, who often dress in costumes or don't dress at all, rather than the actual competition.

Maple Group Acquisition Corp, a consortium of Canadian banks and pension funds, said its takeover proposal for the TMX Group valued the nation's largest stock market operator at C$3.6 billion.

Citigroup Inc Chief Executive Vikram Pandit, whose bank barely survived the financial crisis, on Sunday stepped into a once-unlikely position: role model to America's future financial leaders.

Since May 1, New York City has taken action against 15 illegal hotels. Mayor Bloomberg promised the work by city officials to enforce the laws against the illegal hotels to continue, for the improvement of the security and quality of life in New York.

A sharp retreat in oil prices has lent fresh credibility to Federal Reserve officials' predictions that the spike in energy and commodity prices would be a passing phenomenon.

The London Stock Exchange will find itself in a tight spot trying to fend off a rival bid for Canada's TMX Group, a deal it badly needs to rejuvenate its centuries-year old business.

Over the past several decades, some very alarming long-term economic trends have developed that are absolutely destroying the economy. Here are 50 hard facts and statistics that show the negative trends in several areas of the economy. If dramatic changes are not made soon, a complete and total economic collapse becomes a possibility

The State University of New York is unprecedentedly releasing the SUNY Report Card on Tuesday, May 17, 2011. The report card is very unique in higher education, and will evaluate and track the progress of SUNY across a spectrum of critical areas, assessing the performance of its educational system.

Maple Group Acquisition Corp, made up of four of Canada's leading banks and the nation's largest pension fund administrators, said on Sunday it is offering C$3.6 billion to take over the TMX Group.

Maple Group Acquisition Corp, made up of four of Canada's leading banks and the nation's largest pension fund administrators, confirmed on Sunday the details of a C$3.6 billion proposal to take over the TMX Group.

Kobe Bryant is arguably one of the best shooting guards this generation has seen, and has been compared to Michael Jordan. Few NBA fans are not shy to even say that Kobe is even better than Jordan.

Dominique Strauss-Kahn, a leading contender for the French presidency in 2012 and the head of the International Monetary Fund, will plead not guilty at Sunday afternoon arraignment after multiple charges were filed against him after allegations that he sexually attacked a hotel worker Saturday afternoon in New York.

Sony has restored the PSN and introduced new security features.

The big money is calling a halt to the surge in stock prices.

Novak Djokovic will resume his rivalry with world number one Rafael Nadal after overcoming the tough challenge posed by British number one Andy Murray to progress to the finals of the Rome Masters.

Sony said it had begun restoration of its PlayStation Network games service on Sunday, almost a month after a massive security breach of the network forced the company to shut it down.

North Korea on Sunday rejected allegations by the rival South that it was behind a cyber attack that paralyzed the computer network of a South Korean bank last month and accused Seoul of inventing a conspiracy to justify physical confrontation.

Japanese officials denied on Sunday the government will ask banks to forgive loans to Tokyo Electric Power Co <9501.T> to help it cope with massive compensation claims arising from the crisis at a stricken nuclear power plant.