IBT Staff Reporter

Controversial Wall Street bonuses will be in focus on Monday as New York Attorney General Andrew Cuomo plans a midday announcement on the payouts.

Ford Motor Co swept the 2010 North American Car and Truck Awards at the Detroit auto show on Monday, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.

U.S. companies selling their goods in Venezuela will be pinched by the government's move to devalue its currency, as many of their products will cost more for consumers and their earnings will take a hit.

Stocks edged lower on Monday after five straight days of gains for the S&P 500 as broker comments knocked consumer staples and investors braced for the start of earnings season.

General Motors Co could post a profit in 2010 if the U.S. industry stages modest recovery but remains subject to the risk that the improving trend in the U.S. economy is reversed, the automaker's vice chairman, Bob Lutz, said on Monday.

General Motors Co will build a Cadillac version of its highly anticipated battery-powered Chevy Volt sometime in 2013 or later.

South Korea's LG Chem Co Ltd will sell rechargeable batteries for hybrid cars to Ford Motor Co from 2012, with the annual sales estimated to reach 500 billion won ($447 million), local media said on Monday.

The Obama administration plans on Monday to announce the selection of nine projects totaling $187 million aimed at improving the fuel efficiency of cars and trucks.

China's recent moves to tighten control of its online and mobile content industries have brought some uncertainty into the market but may not have a major immediate impact on the sector's biggest players.

Most banks have increased basic salaries and cut bonuses for executives in response to calls for leaner compensation packages after the financial crisis, according to a survey by consultancy Mercer.

British Prime Minister Gordon Brown will attempt to reassert his authority over his ruling Labour Party on Monday, after surviving a plot to depose him less than five months before an election that he is expected to lose.

China's auto sales surged past the United States to reach record levels in 2009, industry figures showed on Monday, underscoring China's importance to the global auto industry as the world's biggest market.

Five Hong Kong lawmakers will resign from the legislature in late January in a bid to pressure China to grant the former British colony greater and swifter democratic concessions, a spokesman announced on Monday.

Israeli Defense Minister Ehud Barak urged the Gaza Strip's Hamas rulers on Monday to rein in militant groups behind a surge in attacks on Israel, coupling his appeal with a veiled threat of Israeli action.

Iran's top prosecutor called on Monday for firm action against people behind street unrest after the Islamic Republic's disputed election in June, in a clear warning that senior opposition figures may face trial.

North Korea said on Monday it wants to reach a peace treaty quickly to replace the ceasefire that ended the 1950-53 Korean War in order to build trust with the United States and revive dormant nuclear disarmament talks.

Six members of the NATO-led military force in Afghanistan were killed on Monday in two battles with insurgents and a roadside bomb attack, making it one of the bloodiest days for foreign troops in months.

Saudi billionaire Prince Alwaleed bin Talal, head of Kingdom Holding and a shareholder in Citigroup , said the U.S. bank had put the worst behind it and would post a profit this year and next.

Heineken NV will buy the beer business of Mexico's FEMSA in a $7.9 billion deal that boosts the Dutch brewer's emerging-market presence and cements an alliance with Latin America's biggest drinks firm.

U.S. Federal Reserve monetary policy is unlikely to be pushed off course by December's surprising job losses, a senior Fed official said on Monday.

U.S. commercial real estate investors may have to wait until next year to see their returns start to grow, as returns will likely remain in negative territory this year, according to the research arm of real estate services company CB Richard Ellis Group Inc.

Stock index futures rose on Monday as China's stronger trade figures stoked optimism in the global recovery and as investors anticipated a profitable earnings report from Alcoa Inc .

The value of Canadian building permits fell 4.6 percent in November from October, roughly in line with expectations, as a decline in nonresidential projects offset the ninth consecutive increase in housing permits.

Secretary of State Hillary Clinton heads to the South Pacific this week, working to boost key U.S. alliances while pressing Japan to resolve a damaging dispute over a critical U.S. military base.

A state-backed fund in charge of turning around Japan Airlines wants to see a tieup between JAL and Delta Air Lines, Kyodo news reported on Monday.

Ford Motor Co , swept the 2010 North American Car and Truck Awards at the Detroit auto show on Monday, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.

Airbus delivered three A380 superjumbos in December, bringing deliveries last year of the world's largest airliner to 10 and total deliveries from Europe's jetmaker to a record 498 planes, industry sources said.

The pace of growth of China's online gaming industry slowed in 2009, growing 30.2 percent to 27.1 billion yuan ($3.97 billion) over the previous year, according to data from research firm iResearch.

The Obama administration's newly appointed envoy for human rights in North Korea said on Monday Pyongyang had an abysmal record and that Washington would press the reclusive state to clean up its act.