IBT Staff Reporter

Kellogg Co named Chief Operating Officer John Bryant its new chief executive officer on Monday, replacing David Mackay, who became eligible for retirement in July.

Google has announced that SAP is launching a collaborative decision-making app StreamWork in Google Apps Marketplace which enables integration with Google Apps

AOL Inc is actively exploring a breakup of the company in a complicated series of transactions that may lead to a merger with Yahoo Inc, sources close to the plans told Reuters.

Swedish group Ericsson has won a five-year deal to supply technology and services to U.S. No. 3 mobile company Sprint Nextel for an unspecified sum.

International talks on Iran's nuclear activity got under way in Geneva on Monday amid Tehran's claims of achieving self-sufficiency in the fuel cycle. Analysts say that little is expected from the talks. But the latest developments in Iran are likely to give it the confidence to put forward demands of sanctions against the Islamic Republic to be lifted. The talks between Iran and the five UN powers - the US, Russia, China, France and Britain - plus Germany were stalled 14 months ago.

S&P 500 Index slid 3.63 points, or 0.31 percent, to trade at 1,220.95 at 09:55 a.m. EST. The Dow Jones Industrial Average is down 30.08 points, or 0.26 percent, to trade at 11,352.01. The Nasdaq Composite Index fell 0.28 percent to trade at 2,584.64.

The botched launch of three of its satellites will delay Russia's bid to challenge U.S. dominance of the market for satellite navigation technology by at least six months, analysts said on Monday.

Sprint Nextel has signed a technology deal worth up to $5 billion with Alcatel-Lucent , Ericsson and Samsung <005930.KS> to pave the way toward easier future upgrades and cut costs.

In 6 months Infosys Technologies will begin construction of its first facility in West Bengal at New Town Rajarhat.

A French court on Monday found Continental Airlines and a mechanic at the U.S. airline guilty of involuntary manslaughter for their part in the 2000 Concorde crash that spelled the end of the supersonic airliner.

Australia's Attorney-General Robert McClelland hinted that the government would not stop WikiLeaks founder Julian Assange from coming home. According to a spokesperson of McClelland, the Attorney-General stated that the 39-year-old Australian is 'entitled' to come home and could also avail consular assistance overseas.

The much-awaited dedicated App Store for Mac, the genesis of which was announced in October and expected to open in 90 days, is due to open on December 13.

Lender Processing Services is riding the waves of foreclosures sweeping the United States, but in late October its CEO, Jeff Carbiener, found himself needing to reassure investors in the $2.8 billion company.

Stocks were little changed on Monday as investors were cautious before moves by euro zone officials to keep a debt crisis contained, but the S&P 500 stood within points of a new high for the year.

Anfield will welcome back Gerrad Houllier where his current club Aston Villa will take on Liverpool in the English Premier League on Monday.

Stocks edged lower on Monday as investors took profits before moves by euro zone officials to keep a debt crisis contained, but the S&P 500 stood within points of a new high for the year.

Burning tyres, rebel checkpoints, an angry mob and a placard that reads, Gbagbo thief... The West African state of Ivory Coast seems to be rapidly descending into a state of crisis. Acknowledged as the most expensive polls in Africa, the recent run-off was aimed at unifying the country which suffered bitter divisions and wrath of an armed uprising in 2002. But instead, they bared the discrepancy within the nation's population.

Kellogg Co. (NYSE: K) said chief executive David Mackay announced his plans to step down, and he will be succeeded by chief operating officer John Bryant, effective January 2, 2011. The cereal giant also reaffirmed its 2010 and 2011 sales and profit forecasts.

Microsoft is upping its ante to corner a share from IBM's mainframe business as it invests an undisclosed amount in French software maker TurboHercules which has hogged limelight for filing an antitrust complaint with EU against IBM.

Now, it will be easier to tell your story and know about your friends on Facebook as the social networking site has introduced a new profile page that enables users to feature specific friends' list on their Facebook profile.

Clearwire Corp expects to snag another round of funding late this year or early 2011 and may raise as much as $2 billion from selling wireless spectrum, according to its finance chief Erik Prusch.

MetLife expects operating earnings to grow sharply next year as the largest U.S. life insurer begins to see the benefits from its November acquisition of global life insurer Alico.

Investors welcomed the sudden departure of Pfizer Inc CEO Jeffrey Kindler by pushing up the stock in the hopes that a new leader will more act more aggressively to revive the giant pharmaceutical company.

Google Inc began selling digital books on Monday, intensifying the search engine's competition with Amazon.com Inc and Apple Inc and marking a significant push by the company to expand into the e-commerce business.

MetLife Inc expects operating earnings to grow more than a third next year as the largest U.S. life insurer benefits from its blockbuster acquisition of global life insurer Alico.

Clearwire Corp expects to snag another round of funding late this year or early 2011 and may raise as much as $2 billion from selling wireless spectrum, according to its finance chief Erik Prusch.

EU regulators are set to fine LG Display, Chi Mei Optoelectronics Corp and three other firms up to 700 million euros ($928 million) in total for fixing prices of display panels used in consumer devices, a source close to the case said on Monday.

It was cracker till the last ball when England's Kevin Pietersen dismissed Michael Clark to land Australia a heavy blow on day four of the second Ashes test at Adelaide leaving the Aussies at 238/4 needing 137 runs more to avoid an innings defeat on day five.

A report from iSuppli says revenues for consumer electronics companies have increased 6.2 percent from last year.