IBT Staff Reporter

Arsenal stakeholder Stan Kroenke is set to takeover the club after it was confirmed that he had increased his stake to 62.89% and will make the mandatory offer in an attempt to acquire the remaining shares in the club.

Interesting moments and snippets related to the iconic Yuri Gagarin - linked to his successful mission aboard the Vostok 50 years ago...

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.3 percent.

Two of the world's largest concrete pumps - normally used for concrete in construction projects - departed from the United States on Saturday morning to Japan's Fukushima Daiichi plant to help contain the damaged nuclear reactors there.

The U.S. Food and Drug Administration (FDA) has approved molecular diagnostics company Cepheid (NASDAQ: CPHD)'s test designed to detect the toxin associated with a common bacterial infection that can cause diarrhea and other serious intestinal conditions and death in severe cases.

Britain and the Netherlands plan to sue Iceland in a potentially drawn-out legal battle to recover $5 billion lost in a bank crash after Icelandic voters rejected a plan to repay the money.

Britain's top banks should shield their retail operations from riskier investment banking activities and hold more capital to protect taxpayers in the event of another financial crisis, a report said.

The promise of seamless connectivity from Verizon seems to have eluded the owners of iPad 2 as Apple confirmed that Verizon iPad 2 owners are having problems connecting to Verizon Wireless 3G data network

One month after the 9.0-magnitude earthquake and an ensuing tsunami ripped Japan's Pacific Coast, the country continues grim search for the dead in the ruins.

Japanese auto major Toyota Motor Corp and technology giant Microsoft Corp plan to build a global platform for TMC's next-generation telematics services using the Windows Azure platform, the carmaker said in a statement.

After bouncing back to the limelight with The Ellen DeGeneres Show performance, Kelly Clarkson will return to American Idol stage bolstering her media presence months ahead of the September release of her fifth studio album.

The Auburn School committee has decided to pilot test the use of the latest Apple iPad2 as a tool for learning for kindergarteners in Maine School district. Children will soon be digitally literate as well,in fact more literate than their parents themselves.

Now it is hedge fund manager Raj Rajaratnam's lawyers' turn to make their case at his insider trading trial on Monday that the government was wrong to accuse him of conspiracy and fraud.

German luxury carmaker Audi has released the details of all all-electric Audi A3 e-tron concept, a vehicle that will hit the market sometime in the near future. The electric car is based on the 2011 Audi A3 Sportback.

South Korea's financial watchdog launched an investigation on Monday into the leak of personal information from South Korea's Hyundai Capital, the consumer finance unit of Hyundai Motor Group, a Financial Supervisory Service official said.

One month ago, a massive 9.0 earthquake and one of the worst tsunamis in history struck northeastern Japan. Many people in the most impacted areas still have immediate needs for shelter and supplies.

The Raine Group, the boutique investment bank started by two former Wall Street dealmakers, has received new investments from three media and technology executives, the Financial Times reported on Sunday.

Sharp Corp expects to keep production suspended at two Japanese liquid crystal display panel plants until early May, as it grapples with unstable supplies of industrial gases after last month's devastating earthquake, a company spokeswoman said on Monday.

Bank of Japan Governor Masaaki Shirakawa on Monday reiterated that Japan's economy is likely to return to a recovery path once supply constraints caused by last month's earthquake and tsunami ease, and as exports grow.

David Plouffe, one of President Barack Obama’s closest advisors, said Sunday that potential 2012 presidential candidate Donald Trump has ‘no chance’ of being elected to office.

Nasdaq OMX Group and IntercontinentalExchange responded late Sunday to NYSE Euronext's rejection of their joint proposed bid, reaffirming that their cash and stock offer is superior to the offer submitted by rival Deutsche Boerse AG.

An African Union delegation will head to the rebel stronghold in Benghazi, Libya on Monday after Libyan leader Muammar Gaddafi accepted a peace plan offer which calls for a ceasefire.

Alliance Data Systems Corp could face costs and lost sales of $100 million or more as it tries to recover after hackers stole reams of names and email addresses from its Epsilon marketing unit.

NYSE Euronext stuck to its deal with Deutsche Boerse AG over a higher takeover bid from Nasdaq OMX Group, calling the rival offer too risky and counter to the Big Board's vision.

Warner Music Group's board is expected to review second-round bids for the company at a meeting in the coming week, a source familiar with the matter said.

NYSE Euronext chose its deal with Deutsche Boerse AG over a higher, rival takeover offer from Nasdaq OMX Group and IntercontinentalExchange Inc, dealing the latest blow in what could be a drawn-out bidding process.

The chief executive of Glencore was quoted on Sunday as saying that the launch of an initial public offering by the global commodities trader was imminent.

Worldwide military spending edged up in 2010 to a record $1.6 trillion, a leading think-tank said on Monday.

While the world watches revolutions in the Arab world and a nuclear crisis in Japan, the Group of 20 is engrossed in an esoteric debate over something called indicative guidelines.