IBT Staff Reporter

The hurried burial of Osama bin Laden's body at sea, which U.S. officials claim was done in accordance with Muslim rituals and practice, has angered some Islamic scholars even as others said the Americans did the right thing.O

Stocks were little changed on Monday as a bounce on news of Osama bin Laden's death gave way to returning worries about geopolitical risk.

Nasdaq OMX Group and IntercontinentalExchange Inc will take their $11.1 billion takeover bid for NYSE Euronext straight to the exchange operator's shareholders with a tender offer.

During the rush for news, a few news organizations made a huge mistake regarding the death of the terrorist.

As news started breaking yesterday about Osama Bin Laden's death, Twitter was on fire with tweets about the news.

Nasdaq OMX Group and IntercontinentalExchange Inc took their $11.1 billion takeover bid for NYSE Euronext straight to the exchange operator's shareholders on Monday with a planned tender offer.

U.S. auto sales are expected to show a 16 percent increase for April, as the sales crunch dealt by the Japanese earthquake and tsunami is not expected to show up in new auto purchases until May, automakers and analysts said.

U.S. manufacturing activity slowed in April for a second straight month but input prices reached their highest level in nearly three years, according to an industry report released on Monday.

Sony has won over some gamers by offering free access to its PlayStation Network to compensate for the leak of personal details on 78 million user accounts, but still has some way to go to regain the trust of consumers.

Hedge fund founder Raj Rajaratnam did not appear in court on Monday on the sixth day of jury deliberations in his insider trading trial after undergoing emergency foot surgery, his lawyer said.

Construction spending rose more than expected in March, and a survey of factory activity in April increased, suggesting steady recovery in U.S. demand.

Dish Network and EchoStar Corp will pay TiVo Inc $500 million to settle a patent infringement lawsuit involving TiVo's video recording technology, putting an end to a long and costly legal battle.

Oil slipped on Monday in volatile trading as investors weighed the effect on crude futures and other markets from news that U.S. forces killed al Qaeda leader Osama bin Laden.

Teva Pharmaceutical Industries Ltd struck a deal to acquire U.S. specialty drugmaker Cephalon Inc for nearly $7 billion, topping an unsolicited bid by Canada's Valeant Pharmaceuticals International Inc.

The launch delay will cost NASA at least $500,000.

A key Republican lawmaker on Monday urged hundreds of tiny banks to slay the dragons when they battle Congress over new limits on debit card fees that could hurt their profits.

Oil prices eased on Monday in volatile trading as markets weighed the impact of news that U.S. forces killed al Qaeda leader Osama bin Laden.

It may not be true that Osama bin Laden is dead and buried at sea, according to two Pakistani TV stations and some Americans, who feel he is still alive.

Stocks erased gains and were little changed on Monday as the killing of al Qaeda leader Osama bin Laden was seen as only temporarily easing geopolitical tensions.

Chrysler Group LLC reported its first quarterly net profit since emerging from bankruptcy nearly two years ago, helped by a revamped lineup of cars and trucks as well as higher vehicle prices.

A Pakistani software consultant tweeting witnessed the attack on the compound where Osama bin Laden died, and has become the guy who liveblogged the Osama raid.

Osama Bin Laden was killed by the CIA in a mansion just outside Abbottabad in north-west Pakistan . Obama confirmed that the US has the body of Osama Bin Laden. No Americans were harmed in the operation.

In the early hours of Monday, Sohaib Athar reported on Twitter that a loud bang had rattled his windows in the Pakistani town of Abbottabad, adding that he hoped it wasn't the start of something nasty.

Just released video footage shows the bloody scene inside of Osama bin Laden's million dollar compound just outside of Pakistan's capital.

Shortly after 9/11, al-Qaeda had warned to set off a “nuclear hellstorm” if Osama bin Laden is ever captured or killed, according to U.S. government documents that were leaked just last month by Wikileaks.

U.S. stocks pared gains and the Nasdaq turned negative on Monday, pressured by weakness in technology shares.

Osama bin Laden was hurriedly buried at sea in accordance with Muslim rituals and practice, say U.S. officials, a claim opposed by Islamic scholars worldwide even as some Americans wonder whether he is really dead.

State utility company Saudi Electricity Co has awarded General Electric contracts worth more than $500 million to help SEC add 1,680 megawatts of generation capacity, the U.S. firm said on Monday.

Two Android phone users are suing Google for $50 million in the wake of revelations that their phones might be tracking their locations.