IBT Staff Reporter

Iran's OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry's website SHANA reported.

Toshiba Corp will overhaul its chip operations, outsourcing output of some system chips to Samsung Electronics and selling a production line to Sony Corp, as it reduces its non-memory chip exposure.

The chief executive of Malaysia's AirAsia has denied considering a possible takeover bid for airline Virgin Atlantic , a Malaysian newspaper reported on Monday.

China's government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, a day after the central bank raised interest rates, and he pledged to speed up efforts to rein in house price surges.

Wall Street will see the year-end rally carry into the last week of 2010, but the question on everyone's mind is, what's next?

Call it the year of feast and famine.Many of the world's big advanced economies have pledged frugality for 2011 while fast-growing emerging markets run the risk of overheating. The global economy must withstand both forces in order to live up to growth expectations.

Egypt has adopted a stimulus plan with the aim of injecting 10 billion-20 billion pounds ($1.72 billion-$3.44 billion) into the economy in the 2011 calendar year, the country's finance minister said on Sunday.

The U.S. Department of Energy is investing in a power storage system that brings together several emerging industries in the alternative energy field -- solar and wind power, and the lithium-ion battery.

Iran's OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry's website SHANA reported.

Goldman Sachs has adopted a new long-term bonus plan that lets the board award cash and stock on top of existing compensation, but lets the firm take back money if the employee takes too much risk, the investment banker said in filing with securities regulators.

Even as world leaders are still trying to cope with the recent flood of global political secrets leaked by the whistle-blower site Wikileaks, its founder Julian Assange is all set to write his autobiography promising more in the offing. Speaking to the Sunday Times, the 39-year-old Australian announced that he had signed deals worth $1.5 million for publishing his memoirs.

Ginnifer and Joey Kern get engaged after dating for two years

Baldwin sues Costner for misleading in a business deal based on oil-spill cleaning technology

The surprise timing of the People's Bank of China increase in benchmark lending and deposit interest rates is likely to weigh on commodity markets when trading starts on Monday.

Property developer Nakheel's restructuring plan is being complicated by new claims from trade creditors that could lead to more legal headaches, two sources familiar with the matter said.

Hugh Hefner, the twice-married founder of Playboy, is taking the plunge again.

China's government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, a day after the central bank raised interest rates, and he pledged to speed up efforts to rein in house price surges.

China's government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, pledging to speed up efforts to rein in house price surges.

China raised mortgage rates by 25 basis points on Sunday, the Ministry of Housing and Urban-Rural Development said, the second increase this year, after benchmark interest rates increased on Saturday.

Egypt's gross domestic product is expected to grow by about 5.8 to 6.0 percent in the fiscal year to end-June 2011, the ruling National Democratic Party said in a statement on Saturday.

Thanks to hackers, the Kinect has been popular for more than just gaming.

The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated global production was unlikely to rise in 2011 because the market was well supplied.

Amnesty International on Saturday condemned the life sentence handed to Indian rights activist Binayak Sen over his alleged Maoist links, stating that it violates 'international fair trial standards'.

Toyota Motors will be paying $10 million to settle a lawsuit filed by relatives of four people who were killed in an August 2009 Lexus ES 350 crash in California.

Google has recently created a lot of buzz over the computer-driven cars, which it has been testing on the West Coast. But, does driverless car mean road safety? Carty Law PA looks into legal complexities.

China's central bank raised interest rates on Saturday for the second time in just over two months as it stepped up its battle to rein in stubbornly high inflation.

Toshiba Corp will overhaul its chip operations, outsourcing output of some system chips to Samsung Electronics and selling a production line to Sony Corp, as it reduces its non-memory chip exposure.

The People's Bank of China said on Saturday it would increase its one-year benchmark lending and deposit interest rates by 25 basis points, the second rate hike in just over two months.

The People's Bank of China said on Saturday it would increase its one-year benchmark lending and deposit interest rates by 25 basis points, the second rate hike in just over two months.