IBT Staff Reporter

Taiwan's Acer Inc, the world's second-largest PC vendor, expects the market for mobile PCs to grow 10-12 percent in 2011, driven by emerging markets, its chief Gianfranco Lanci said on Monday.

President Barack Obama unveiled the fiscal year 2012 budget on February 12, 2011. The total budget is $3.73 billion in spending. The budget deficit which accompanies the budget is $1.65 trillion.

Private equity firm Clayton, Dubilier & Rice said it would buy healthcare and physician services company Emergency Medical Services Corp for a discount price of about $3 billion.

Frustrated with slow mobile Internet speeds and stalling videos, consumers are willing to dole out extra cash for better telecommunicaitons services, allowing more pricing room for operators, a global report showed on Monday.

President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over the next 10 years, but Republicans said it did not curb spending deeply enough to meet their demands.

Nokia's already battered shares fell further on Monday as analysts slammed its all-or-nothing deal with Microsoft for failing to answer key questions about smartphone development and heralding a turbulent transition.

Deutsche Boerse risks ceding control to NYSE Euronext , a supervisory board member at the German exchange said on Monday.

Deutsche Boerse and NYSE Euronext have an agreement in principle on the broad outlines of a merger, but are side-stepping thorny political issues, two sources familiar with the plan said.

Top House Republicans reacted to President Barack Obama's 2012 budget proposal on Monday, saying that it would destroy jobs and that the President missed a unique opportunity to reduce the federal government's budget deficit, which would rise to $1.65 trillion under the plan.

Paying for your morning coffee and newspaper by swiping your mobile phone instead of fumbling for cash or debit card could be just around the corner.

LG's entry in the tablet race is the 3D-ready, Android-equipped 8.9-inch Optimus Pad.

A local labor union chairman says tens of thousands in severance is a starting point for negotiations.

The S&P and Nasdaq ticked higher on Monday, though persistently below-average volume suggested that investor enthusiasm was waning after gains carried stocks to 2 1/2-year highs last week.

With the return of the UEFA Champions League, an ardent fan of the game can look forward to some classic encounters. The following is the schedule for the knock-out round.

Some win it, some lose.

Egypt's generals are asserting their command over the country following the overthrow of President Hosni Mubarak, preparing on Monday to ban strikes and to warn they will act against chaos and disorder.

Private equity firm Clayton, Dubilier & Rice said it would buy healthcare and physician services company Emergency Medical Services Corp for a discount price of $3 billion.

Egypt's stock exchange, shut since January 27 because of political unrest, will not reopen until Wednesday, a bourse official said on Saturday.

The following is a White House Transcript of President Barack Obama's remarks on the unveiling of his proposal for the U.S. 2012 fiscal year federal budget as delivered at Parkville Middle School and Center for Technology in Baltimore, Maryland on February 14, 2011.

Radiohead announced on their website Monday morning that they will release their new album The King of Limbs, this weekend.

HP gobbles up Massachusetts-based data analytics company Vertica for an undisclosed price.

U.S. stock index futures edged lower on Monday after Wall Street posted two straight weeks of gains that drove indexes to new multi-year highs and investors worried the market is overextended.

MGM Resorts International reported lower fourth-quarter earnings at most of its resorts in Las Vegas, the company's most important market, sending its shares down 3.2 percent.

Ventana Gold Corp said on Monday it agreed to a sweetened bid from Brazilian billionaire Eike Batista to buy the shares he doesn't already own and which values the company at around C$1.5 billion.

Gold rose above $1,360 an ounce on Monday as the dollar's retreat from highs versus the euro took some pressure off prices, with a second consecutive weekly price rise underpinning investors' confidence in the metal.

The United States has created a Twitter account in Farsi to communicate with social media users in Iran as Iranian opposition websites renewed calls for a rally on Monday.

Here's what you should know about the world's first glasses-free 3D phone.

As the big day is approaching for the royal wedding, Prince William and Kate Middleton announced the maid of honor, bridesmaids, best man and ring-bearers for their upcoming wedding.

Seeking to balance cuts while maintaining U.S. competitiveness and facing pressure from Republicans seeking even bigger reductions, President Barack Obama said on Monday his proposed 2012 budget was a down payment, on reducing the federal budget deficit, but said more work was needed to address long term challenges.