IBT Staff Reporter

Lehman Brothers Holdings Inc said on Monday it believes claims from creditors against its bankruptcy estate should be cut to $605 billion, according to a document filed with the U.S. Securities and Exchange Commission.

The Rudd Government announced today $4.9 Million for 12 Healthy Communities grants across Australia to tackle overweight and obesity in local communities.

JC Penney Co Inc was one of the victims of notorious computer hacker Albert Gonzalez, according to unsealed documents made available on Monday by a federal judge in Boston.

A Ukrainian national who traded on insider information he obtained by hacking into a secure computer network was ordered by a U.S. judge to forfeit $580,000 in profits, interest and civil penalties, U.S. securities regulators said on Monday.

As Argentina's oil battle with the United Kingdom rages on, the only other obstacle the South American country can throw at oil companies planning to drill near the Falkland Islands is to interdict U.K. ships or equipment - but regional expert Riordan Roett doubts the Argentines are stupid enough to do that.

Tests for Boeing Co new 787 Dreamliner are going more slowly than expected, but the company says it is still on track to deliver its first planes by the end of the year.

Washington Mutual Inc , the biggest bank failure in history, may have a second life after bankruptcy.

The Aussie rallied overnight after hawkish comments from RBA Governor Glenn Stevens sparked speculation that an interest rate hike may be ahead.

U.S. stocks rose on Monday as miners and energy companies advanced on dollar weakness and investors bought recent high fliers as the quarter's end approached.

Billionaire investor Carl Icahn said on Monday his $6-a-share offer for Lions Gate Entertainment is fair and that the only reason that the company's stock is trading above $6 is because of him.

You know, it's that reality game show in which teams compete (and argue) their way around the globe in hopes of winning a million dollars.

An Australian panel called Review of Food Labeling and Policy is considering a recommendation of a required labeling of trans-fat in Australian foods or going a step further with a total ban for the country.

Both swine flu and more common strains of flu are expected to cause a double whammy flu threat this year, health authorities warn.

Residents of Latrobe Valley may be able to benefit from a potential treatment drug for the lethal, asbestos-related cancer, mesothelioma.

The National Drug and Alcohol Research Centre has found the number of Australians seeking treatment for cannabis-related problems has increased 30 per cent since 2002, with the increase in the rate of harmful use mostly among people over 30

According to an eight-year study conducted in the Sydney Sexual Health Care Centre, which is to be published in the international journal Sexually Transmitted Infections, backpackers should be a priority population for sexual health promotion and access to services.

The Obama administration on Monday unveiled another bailout program for troubled homeowners, pledging to divert $600 million in housing rescue funds to 5 more states on its list of hardest-hit markets.

Bank of America Corp has agreed to forgive some bad mortgage loans and the government is pushing other lenders to follow suit, but on a scale too small to make much of a dent in the nation's huge pile of bad debt.

Bloom Energy's recent high-profile unveiling of a new fuel cell technology has raised the sector's profile, but its perennially loss-making companies need more than visibility to register any short-term gains.

If women ran Wall Street, Treasury Secretary Timothy Geithner's job cleaning up the bloodied financial markets might not be so tough.

Consumers tapped their savings in February to keep spending on an upward path for a fifth straight month, implying that consumption may be strong enough in coming months to keep a recovery going.

U.S. stocks rose on Monday as miners and energy companies advanced on dollar weakness and investors bought recent high fliers as the quarter's end approached.

U.S. securities regulators are demanding detailed reports from major financial firms in an attempt to uncover any accounting tricks like the Repo 105 method Lehman Brothers used to mask its losses.

The EU Commission wants member states to agree to block access to child pornography websites and impose tougher punishments on child abusers and human trafficking gangs, it said on Monday.

U.S. stocks rose on Monday as miners and energy companies advanced on dollar weakness and investors bought recent high fliers as the quarter's end approached.

Greece on Monday sold 5 billion euros ($6.7 billion) of 7-year bonds with a looming Easter holiday and a subdued European market dampening demand in the first test of investor appetite since last week's EU-backed debt support deal.

The euro strengthened on Monday as debt-stricken Greece sold seven-year bonds, but investors remained anxious about the country's long-term ability to finance itself at affordable rates. After hitting a 10-month low below $1.33 last week, the euro rose above $1.35 on Monday as Greece returned to capital markets for the first time since euro zone leaders agreed to extend the southern European country a financial safety net.

The U.S. stock market rose on Monday as oil and copper prices surged.

Stocks rose on Monday as miners and energy companies advanced on dollar weakness and investors bought recent high fliers as the quarter's end approached.