IBT Staff Reporter

Big pharmaceutical companies could face increased competition from generic drugmakers under two proposals put forth by the Obama administration on Monday despite earlier savings extracted from drugmakers as part of last year's healthcare law.

The board of Calpers, the biggest U.S. public pension fund, voted on Monday to drop real-estate stocks from its property portfolio by eliminating real estate investment trust holdings and focusing instead on private transactions.

Reports that Google has held takeover talks with Twitter that value the microblogging site at as much as $10 billion are just a rumor, Chief Executive Dick Costolo said on Monday.

The Obama administration is proposing a much smaller $30 billion tax on the largest financial institutions, in line with shrinking U.S. corporate bailout costs.

The move comes shortly after major deals for Demand Media and The Huffington Post, which have been accused of harming search results.

The organization, which is agency in the United Nations, is calling for an international support for mobile broadband growth.

Chrysler Group LLC's application for federal loans is moving ahead and will not be affected too much by proposed cuts in the Obama administration's budget, the head of the U.S. Department of Energy said on Monday.

Starbucks Corp and Green Mountain Coffee Roasters are in partnership negotiations, a source close to the talks told Reuters on Monday, sending Green Mountain shares surging.

NEW YORK, Feb 14 - As more Chinese companies trade on U.S. stock exchanges, investors are increasingly suing them for securities fraud in U.S. courts -- and slamming into a host of legal and bureaucratic barriers.

Shares of Motorola Mobility fell about 5 percent on Monday on concerns it would be particularly vulnerable to competition from the next version of Apple Inc's iPhone.

Energy and commodity shares lifted Wall Street to modest gains on Monday, but the lowest volume so far this year indicated the equity rally may be near a top.

Big pharmaceutical companies could face increased competition from generic drugmakers under two proposals put forth by the Obama administration on Monday.

Deutsche Boerse and NYSE Euronext have an agreement in principle on broad outlines of a merger, but the exchanges are set to side-step thorny political issues when their boards vote on Tuesday, three sources familiar with the plan said.

American musician and pianist, singer-songwriter, and classical composer Billy Joel’s third ex-wife, Katie Lee, has sold her luxurious New York townhouse for $11.65 million she received as part of her generous divorce settlement.

The trial of Mark A. Ciavarella Jr., a former Pennsylvania judge who has been charged with honest services fraud, wire fraud and tax evasion in connection with receiving $2.6 million in kickbacks from a private juvenile jail facility, resumes today and is grabbing national attention as the case highlights the dangerous gap in the juvenile justice systems of many states - children appearing in court without lawyers.

U.S. stocks ended little changed on Monday in the lowest volume so far this year, indicating the equity rally may be near a top.

Wal-Mart Stores Inc named Cindy Davis as executive vice president of a new team that will study customer trends, an appointment that comes as the world's largest retailer tries to reinvigorate U.S. sales and continue its worldwide expansion.

Mutual fund manager Bruce Berkowitz resigned from the board of St. Joe Co on Monday, shortly after joining it, citing disagreements with other board members at the company where he is the largest shareholder.

There's bee a lot of commentary on Sunday's show. Let's take a look at which performances sizzled, and which fizzled.

Some banks' credit ratings will be cut as governments make it easier to wind up failing lenders and force debtholders to pay for rescues, rating agency Moody's said on Monday.

The White House assumes the U.S. economy will fully recoup losses incurred in the latest recession by 2017, putting it at odds with many private economists who believe the downturn left permanent scars.

Energy and commodity shares buoyed Wall Street on Monday after Chinese trade data suggested strong demand for basic materials, but the lowest volume so far this year indicated the equities rally may be near a top.

Ronaldo ended his 18-year career in professional football in a tearful press conference on Monday. Here's a video link to some of the top goals he has scored.

Online gaming group Zynga Inc is holding talks with potential investors which could lead to it raising $250 million in new funding, the Wall Street Journal reported on Sunday.

Mutual fund manager Bruce Berkowitz resigned from the board of St. Joe Co on Monday, shortly after joining it, citing disagreements with other board members at the company where he is the largest shareholder.

The shotgun marriage of Nokia and Microsoft's smartphone platforms puts software developers at center stage at the annual Mobile World Congress starting on Monday in Barcelona.

Bookstore chain Barnes & Noble Inc has invited independent Web operators that are affiliates of online retailer Amazon.com to switch to its network.

Microsoft Corp Chief Executive Steve Ballmer promised a Windows Phone update soon with more powerful Web graphics, and said new partner Nokia would supply absolutely phenomenal handsets.

President Barack Obama's budget proposal for 2012 is not a permanent fix for finances and chances are it will be watered down in Congress, Standard & Poor's chief economist said on Monday.