IBT Staff Reporter

Pfizer Inc. (NYSE: PFE) said it agreed to sell its Capsugel business, a maker of hard capsules, to private equity firm Kohlberg Kravis Robert & Co. for $2.375 billion in cash.

Stock index futures edged higher on Monday, with the S&P 500 facing a level where selling has clustered in recent sessions.

General Electric Co Chief Executive Jeffrey Immelt defended the nuclear industry's safety record on Monday during a trip to Tokyo to show support to the operator of a stricken nuclear plant using reactors designed by the U.S. conglomerate.

After India's sensational World Cup triumph, batting legend Sachin Tendulkar has deemed skipper MS Dhoni the best captain he has played under in his 22-year career in cricket.

Pfizer Inc. (NYSE: PFE) said on Monday it has received a Refusal-to-File letter from the United States Food and Drug Administration (FDA) for tafamidis, the company’s oral investigational compound for patients with Transthyretin Familial Amyloid Polyneuropathy (TTR-FAP).

Brent crude rose over $119 a barrel and U.S. crude hit a 2-1/2-year high on Monday at more than $108 as unrest in the Middle East and North Africa triggered concern that supplies could be dented while economic growth bolsters demand.

Cash-rich Belgian chemicals group Solvay SA is betting on emerging markets with a 3.4 billion euro ($4.8 billion) cash bid for French rival Rhodia SA , ending a year-long hunt for acquisitions.

Mylan Inc. (Nasdaq: MYL) said it has received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Latanoprost Ophthalmic Solution, an eyedrop that lowers pressure in the eye.

NEW YORK Stock index futures pointed to a flat to higher opening for Wall Street on Monday, with futures for the S&P 500 up 0.1 percent, Nasdaq futures up 0.1 percent and Dow Jones futures trading flat by 0841 GMT.

A professor from the University of Tennessee analyzed the economic impact of the loss of bats in North America in agriculture and found it to be roughly $22.9 billion a year, with the extremes ranging as low as $3.7 and $53 billion a year.

U.S. stocks ended higher on Friday on strong jobs data. The Dow Jones industrial average gained 56.99 points, or 0.46 percent, to 12,376.72. The Standard & Poor's 500 advanced 6.58 points, or 0.50 percent, to 1,332.41. The Nasdaq Composite rose 8.53 points, or 0.31 percent, to 2,789.60.

Apple will add an 8 megapixel (MP) rear-facing camera in its upcoming iPhone 5 which would be supplied by Sony, suggesting that Apple's partnership with camera sensor provider OmniVision is ending.

Apple's iPad 2 shortage has spread to the afterlife as Chinese families in Malaysia rush to buy paper replicas of the popular new gadget to burn for their dead as part of a centuries-old rite.

In the final of the Sony Ericsson Open in Miami, world number two Djokovic beat Nadal in a thriller to extend his unbeaten run in 2011 to 24-0

French drugmaker Sanofi-Aventis completed its improved $20.1 billion offer for Genzyme, allowing it to begin merging the U.S. biotech firm into its business and add rare diseases to its growth areas.

Big Japanese manufacturers expect conditions to worsen significantly in the next three months, responses to a Bank of Japan survey collected after the March 11 earthquake showed on Monday. It was a reversal of the full survey results.

The first major Republican counter to President Barack Obama's February proposal for the 2012 budget was previewed on Sunday, as deficit cutting will exceed the President's proposal by a factor of 4 over the next decade, including a way to slow the growth of federal health spending.

Most tablet makers are building the wrong field of dreams and at least one CEO has got himself separated from his company for it. It is plain for all to see that Apple's field of dreams is their network of dedicated Apple stores worldwide.This might even be the reason why Apple will own the tablet space for the foreseeable future. Richard Shim, senior analyst at Displaysearch wrote in this blog about the exigencies of selling a product like a table through a traditional retail chain such ...

A breakthrough that makes hydrogen significantly safer to use and easier to store has been developed. Normally, hydrogen is stored in metal tanks pressurized to put o 10,000 psi for vehicular use. The new process allows hydrogen to he handled, stored and dispensed in much the same way as regular petrol. According to Cella Energy Ltd of the UK, the secret lies in their innovative use of plastic.

Japanese big manufacturers expect conditions to worsen significantly in the next three months, responses to a Bank of Japan survey collected after the March 11 earthquake showed on Monday. It was a reversal of the full survey results.

A new reality show has gone viral on the Internet featuring a life and death struggle, a love story and a birds eye view of -- an eagle family.

Advertising group Interpublic Group owns a stake in Facebook that could be valued at roughly $200 million to $300 million, The Financial Times reported.

Now 27, Van T Dinh is senteced following a two-year trial for hacking into a currency exchange account. As a 19 year old Drexel University student he was convicted for hacking into a stockbroker's account to dispose of derivatives in Cisco stock that he had bought.

Apple’s annual event that connects iOS and Mac OS X developers with the company’s engineers, details future OS development plans, and offers focused training for developers and IT professionals. The event runs from June 6 through June 10 at the Moscone West Convention Center in San Francisco.Conference passes this year were priced at $1,599 but sold out in less than three days. eBay bids are up to $4,600.

A 6.7 magnitude earthquake struck off the the Southern coast of Indonesia's Java island on Monday, according to the U.S. Geological Survey.

The top U.S. commander in Afghanistan on Sunday condemned the burning of a Quran in the United States, days after demonstrators retaliated by killing workers for the United Nations and protests in cities around the country have escalated into violence.

The U.S. Bureau of Ocean Energy Management said on Sunday it had not struck a deal with BP to allow the oil company to resume deepwater drilling in the Gulf of Mexico, refuting a press report.

Citigroup Inc and Capital One Financial Corp were part of a large data breach that exposed the names and e-mail addresses of many large companies' customers, including those at some of the nation's largest banks.

The Standard & Poor's 500 index is poised to hit its highest mark in nearly three years this week after more signs of life from the jobs market, but think twice before betting the house.