IBT Staff Reporter

The Australian Dollar opens lower against the greenback today at 0.8100. Support at US82 cents gave way yesterday very early in the local session as equity markets lost almost 3 per cent and the 16-nation Euro currency slid to new multi-year lows.

Walgreen Co said it will not be a provider for any new or renewed drug plans handled by CVS Caremark Corp's pharmacy benefits manager, which it said favors CVS pharmacies.

Negotiators from the Senate and House will begin meeting this week to craft a final Wall Street reform bill, with banks facing changes that threaten their profits, if not their business models.

Countries with big deficits must offer clear plans on how they will balance their budgets to maintain investor confidence and avoid problems seen in Europe, top economic policymakers said on Monday.

Goldman Sachs Group's U.S. government ties suffered a fresh blow on Monday, as a commission probing the financial crisis subpoenaed the bank, claiming the firm had flooded the panel with 2.5 billion pages of records.

Stocks fell on Monday, led by industrials and technology as investors stayed on their heels after last week's payrolls figure discouraged buyers.

Following are comments from euro zone finance ministers and other officials who gathered in Luxembourg on Monday for a meeting, with the agenda focused on the euro zone debt crisis.

Stocks fell on Monday, led by industrials and technology as investors stayed on their heels after last week's payrolls figure discouraged buyers.

Countries with big deficits must offer clear plans on how they will balance their budgets to maintain investor confidence and avoid problems seen in Europe, top economic policymakers said on Monday.

Burger King Holdings Inc said on Monday it expects unfavorable foreign exchange rates, primarily related to the euro, to reduce earnings for the current quarter by 1 to 2 cents per share.

Bristol-Myers Squibb Co's shares rose more than 8 percent on Monday after news over the weekend that its experimental drug ipilimumab extended survival in patients with deadly skin cancer.

Connecticut's top prosecutor called on Google Inc on Monday to say whether it had collected data from personal and business wireless networks without the owners' permission.

Walgreen Co will not be a provider for any new or renewed drug plans handled by CVS Caremark Corp's pharmacy benefits manager, which it said bypasses Walgreen pharmacies in favor of its own.

For the moment, there's a bear market in Warren Buffett.

Morgan Stanley Chairman John Mack said that banks wanting to participate in the initial public offering of General Motors Co were being asked about lending lines for the ailing U.S. automaker.

Burger King Holdings Inc said on Monday it expects unfavorable foreign exchange rates to reduce earnings for the current quarter by 1 to 2 cents per share, and to have a neutral to slightly negative impact on full-year results.

Apple Inc introduced the newest version of its iPhone on Monday, hoping to stay a step ahead of a growing cast of rivals like Google Inc in the red-hot smartphone market.

European finance ministers sought to calm nervous markets Monday by nailing down details of a massive financial safety net for the euro zone as Germany unveiled new budget cuts it hopes will set an example for its partners in the bloc.

Countrywide Financial Corp, the mortgage lender that became synonymous with risky lending practices, has agreed to pay $108 million to settle government charges that two Countrywide mortgage servicing companies misled and overcharged consumers.

Connecticut's top prosecutor plans to call on Google Inc on Monday to say whether it had collected data from personal and business wireless networks without the owners' permission.

A government commission investigating the financial crisis has issued a subpoena to Goldman Sachs Group Inc for failing to comply with a request for documents and interviews in a timely manner, the commission said on Monday.

Coca-Cola Co will pay Dr Pepper Snapple Group Inc $715 million for the right to continue selling Dr Pepper drinks once it acquires its North American bottler.

Apple Inc is widely expected to introduce its latest iPhone on Monday, as the company hopes to expand its lead in the increasingly competitive smartphone market.

Apple Inc is widely expected to introduce its latest iPhone on Monday, as the company hopes to expand its lead in the increasingly competitive smartphone market.

Global airlines banished two years of misery with an abrupt turnaround in industry forecasts as the world economy recovers, but laced their outlook with caution on carriers in debt-laden Europe.

The Dow and S&P 500 were modestly higher on Monday while the Nasdaq was lower, adding to last week's losses on a disappointing May payrolls report.

The Dow and S&P 500 were modestly higher on Monday while the Nasdaq was lower, adding to last week's losses on a disappointing May payrolls report.

Coca-Cola Co will pay $715 million to distribute drinks from Dr Pepper Snapple Group , which had earlier reached a similar, but pricier arrangement with PepsiCo .

Few in the arena of sports and leadership have had such a lasting impact on and off the court than legendary basketball coach John Wooden. At the age of 99, just four months shy of his 100th birthday, John Wooden has passed away.