IBT Staff Reporter

Freescale Semiconductor says its newest chip will help drive down prices in the next generation of electronic readers, which analysts say is key to the devices gaining mass adoption.

Hackers are more industrialized than ever before and the hacking community now resembles an organized drug cartel, according to a report released Monday.

The U.S. stock market rallied on speculation of a Greece bailout and a report that showed the seventh consecutive monthly expansion of manufacturing actives.

LOS ANGELES - How much should a copyright owner pay for improperly telling a website to remove content?

The Pentagon announced on Friday it has authorized the use Twitter, Facebook and other so-called Web 2.0 sites across the U.S. military, saying the benefits of social media outweighed security concerns.

Non-OPEC crude oil supply is set to surge in 2010 and 2011by 51.8 mn barrels per day and 52.3 mn barrels per day respectively and susbequently face consecutive decline from 2012, according to an analysis by Bank of America-Merrill Lynch (BofAML). The optimism comes from expected production in news fields in Brazil, FSU, Norway, West Africa and Gulf of Mexico. If Iraq and Nigeria supplies increase as announced then crude oil would find it difficult to rise above $100 over the next decade, BofAML ...

Philippines is likely to grant permission to private firms to import up to 150,000 tons rice apart from its previous allocation of 200,000 tons due to the increased demand, said an official on Monday. NFA is considering additional quantity of 100,000 to 150,000 tons for private sector importation due to the overwhelming response from them, spokesman for the state-run National Food Authority (NFA).

Consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, a government report showed on Monday.

NEW YORK, March 1 Reuters) - Warren Buffett said the U.S. economy has passed the worst of its troubles but faces an uneven recovery as consumers keep a tight rein on spending.

U.S. consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, which could help sustain the economic recovery.

Stocks extended gains on Monday after a report showed the U.S. manufacturing sector continued to grow in February, while a run-up in semiconductor company shares and Apple Inc's stock underpinned advances in the technology sector.

Goldman Sachs Group Inc's board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices.

PepsiCo (PEP.N) backed its outlook for 2010 and said it saw earnings per share rising at a low double-digit rate on an constant currency basis in 2011 and 2012.

Walgreen Co (WAG.N) is restructuring its health care divisions with one sales force, bringing together various corporate functions that will not affect the company's pharmacy counter operations.

Dillard's Inc (DDS.N) reported a better-than-expected profit for the holiday quarter as higher margins, cost cuts and lower inventories helped the department store chain cope with sharply lower sales, sending its shares up 5 percent.

Building products company Armstrong World Industries Inc (AWI.N) reported a lower-than-expected quarterly profit, hurt by lower sales volumes, and forecast 2010 profit below Wall Street expectations.

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.5 to 0.7 percent, pointing to a higher start to Wall Street on Monday.

Singapore's Changi Airport said on Monday it has acquired a 5 percent stake in Gemina S.p.A (GEMI.MI), the operator of Rome's two major airports, for S$100 million ($71 million), its biggest acquisition ever.

British defence company Ultra Electronics (ULE.L) posted a 24 percent increase in full-year adjusted pretax profit, beating market forecasts, helped by contribution from acquisitions.

Freeport-McMoRan Copper & Gold Inc. (FCX.N) said operations at its Candelaria mine in Chile were being restored on Monday after a massive earthquake that struck on Saturday knocked out power at the site.

Phuthuma Nhleko, Chief Executive Officer of South African mobile phone group MTN (MTNJ.J), will step down as CEO and group president in March 2011, the group said on Monday.

NEW YORK, Mar 1 Reuters) - Warren Buffett said the U.S. has passed the worst of what he called an economic Pearl Harbor, yet admitted that the recovery could be slow, including at his Berkshire Hathaway Inc .

The Philippines' Metro Pacific Investments Corp (MPI.PS) has set up a unit with a sister firm that will become the biggest stakeholder in Manila Electric Co (MER.PS), enabling Metro to extend an option to buy more shares in the power firm.

Amid the celebrations that erupted as Canada won ice hockey gold on Sunday most people probably did not notice who won the media's vote as the tournament's most valuable player -- American Ryan Miller.

President Dmitry Medvedev called on Russian Olympic officials to resign Monday after a poor showing at the Winter Games dented national pride.

If Canada's dramatic overtime gold medal win over the United States marked the National Hockey League's final bow on the Winter Olympic stage, they depart to a rousing standing ovation.

Microsoft Corp made its most vehement and public attack on Google Inc on Friday, calling its Internet rival's actions potentially anti-competitive, and urging victims to file complaints to regulators.

Canadian cancer drugmaker Aeterna Zentaris Inc (AEZ.TO) said on Monday that European health regulators granted its perifosine blood cancer treatment orphan drug status, marking the second such designation for the drug.

Stock index futures pointed to a slightly higher open on Monday after AIG said it would sell its life insurance unit in Asia and deal looked near for a European Union bailout of Greece.