IBT Staff Reporter

Panasonic Corp plans to enter the microelectromechanical systems market and develop and commercialize MEMS sensors and devices from this year, the Nikkei business daily reported.

The scramble by global food companies into India's fast food sector intensified on Monday as several U.S. chains announced plans to enter the country, hoping to tap the surging spending power in Asia's third-largest economy.

UBS AG was ordered by a U.S. regulator to pay nearly $11 million in fines and reimbursements to compensate investors it misled about the safety of debt issued by Lehman Brothers Holdings Inc before that bank went bankrupt.

The Navy has made a significant step in laser defense with its Maritime Laser Demonstrator system.

The hacktivist group Anonymous is planning a set of sit-ins at Sony stores on April 16, in response to the company's legal actions against hacker George Hotz.

Liverpool host Manchester City in the English Premier League in a match which could decide who plays European football next season.

The economic recovery is so sluggish that the Federal Reserve needs to keep easy money policies in place while the government comes to grip with its debts, the International Monetary Fund said on Monday.

Stocks were little changed on Monday as investors awaited companies' quarterly results to see if earnings would be strong enough to spark further gains in equities.

The world's largest bond fund began betting against U.S. government debt last month on the expectation that shaky finances will jolt interest rates higher.

Technical innovation, superb construction, original finishes, reconfigured materials – the Spring/Summer 2011 Emporio Armani menswear collection is a statement of contemporary values. The fabrics are lighter, reduced, transformed. There is a loose featherweight weave for a stunning take on the blazer, coated yarns for constructed gilets that are virtually jackets, and trenches as lightweight as shirts. These are genuine objects of desire for a completely refreshed wardrobe.

Speaking to what the firm calls key component suppliers, Avian Securities believes that the next iPhone won't begin production until September.

Sony Computer Entertainment America and the hacker who published code that unlocked the PlayStation 3's firmware have reached a settlement in their months-long legal battle.

Oil prices fell on Monday in choppy trading, pulling back after surging to 32-month peaks last week when the dollar swooned and as investors warily eyed an African Union plan to halt Libya's conflict.

Roche is set to kick off the Big Pharma reporting season with a fall in sales on Thursday as a strong Swiss franc, weak demand for top-selling cancer drug Avastin and lack of Tamiflu revenue take their toll.

Masters 2011 champion Charl Schwartzel has dedicated his dramatic and unprecedented win to his father at Augusta.

Simon Murray, the South Pole adventurer and former Vodafone board member, is in the running for the role of chairman at Glencore, the commodities giant set to detail plans for a $10 billion-plus listing later this week.

Stocks rose on Monday as investors bet on a strong corporate earnings season, which Alcoa Inc unofficially launches after the market's close.

The Beastie Boys are making a comeback by releasing a single, an album and a movie trailer publicizing the album.

Apple Inc CEO Steve Jobs will allow best-selling author Walter Isaacson, who chronicled the lives of Albert Einstein and Benjamin Franklin, to publish his biography next year.

House Speaker John Boehner on Monday said that the Republican proposal for the 2012 budget leads where the Obama administration failed by taking on challenges facing healthcare, retirement and energy to create jobs.

Scientists say they have moved a step closer to developing a computer model of the brain after finding a way to map both the connections and functions of nerve cells in the brain together for the first time.

The authorized biography of Apple CEO Steve Jobs is set to be published early next year.

PIMCO has shifted to a short position in U.S. government-related debt in the world's largest bond fund, while also raising cash holdings in a sign of the asset manager's serious concerns about the U.S. fiscal outlook.

Internet content delivery company Level 3 Communications Inc plans to buy smaller rival Global Crossing Ltd for about $1.9 billion in a stock deal, as it looks to wrestle market share from Akamai Technologies Inc.

Bharti Airtel Ltd, India's top mobile phone carrier, and its smaller rival Aircel separately said on Monday they would launch Apple's iPhone 4 in India in the coming months.

BP is not expected to attempt a buyout of its oligarch partners in its Russian venture TNK-BP anytime soon, if at all, banking and industry sources said.

Last week's episode of American Idol proved to be quite the shocker as front-runner Pia Toscano was eliminated from the competition.

Gold and [platinum-group metals] were irrelevant, according to one Asian dealer, as The silver market went nuts, with swift buying pushing spot silver prices to a fresh 31-year high above $42 per ounce.

Google is working towards crafting a tablet version of its light-weight, browser-based Chrome OS in its attempt to act as a catalyst to trigger creation of quality web apps to counter apps created for closed-walled companies like Apple and Microsoft.