IBT Staff Reporter

Citigroup (C.N) said it was not seeking buyers for EMI LNDONE.UL, the British music group whose owners, Terra Firma TERA.UL, are suing the U.S. bank for billions of dollars in damages relating to its 2007 buyout.

What's Christmas without a little indulgence and a lot of guilt, with a global survey showing two in three people occasionally treat themselves to a luxury purchase, but a third then feel bad about it.

Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi asserted their innocence on Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest hedge fund insider trading case ever.

The last time the world had a look at Twitter's financial books, the company was targeting a meager $400,000 in revenue for the third quarter of 2009 and $4 million in the fourth quarter.

H.J. Heinz Co sees a long-lasting consumer shift to thrift and must carefully balance its business strategy in response, the ketchup maker's chief executive said on Monday.

European carbon prices crashed by almost 9 percent on Monday after UN climate talks ended on Saturday with a bare-minimum agreement between after the U.S., China and a few other emerging powers that falls far short of the conference's original goals.

The credibility of the European Union's flagship carbon trading scheme was dealt another blow on Monday after carbon prices fell to six-month lows as U.N. talks in Copenhagen failed to deliver a strong climate deal.

Behind the scenes negotiating by major economies in Copenhagen to agree a climate accord may be a model for how to

The World Trade Organization set up a panel on Monday to rule on complaints by the United States, European Union and Mexico about Chinese curbs on exports of raw materials important to their own industries.

India's Tata Steel is trying to bring down carbon dioxide emissions to 1.8 tonnes per tonne of steel produced by 2012 from 2 tonnes of carbon dioxide now, a top official said on Monday.

Limelight Networks Inc (LLNW.O), which helps speed delivery of Web content, agreed to acquire privately held interactive digital advertising provider EyeWonder Inc for up to $110 million in cash and stock.

Healthcare shares rose on Monday as a bill to reform healthcare passed the first critical test in the Senate, without many of the provisions, such as a government-run health insurance option, that investors most feared would hurt profits.

Rupert Murdoch's News Corp will spend up to 120 million euros ($172 million) to raise its stake in Sky Deutschland for the second time in a year, sending shares in the ailing German broadcaster soaring.

The Swedish government and Saab officials held crisis talks about a threatened closure of the iconic auto brand as a Monday evening deadline loomed on a renewed buyout bid from Dutch and Russian-backed Spyker Cars.

Serious delinquencies among U.S. prime mortgages rose nearly 20 percent in the third quarter from the prior quarter, as the percentage of current and performing mortgages fell for the sixth consecutive quarter, banking regulators said on Monday.

General Motors Co said on Monday it had hired Chris Liddell, the chief financial officer of Microsoft Corp , as its new finance chief, filling a key position with the automaker's highest-profile hire since its July bankruptcy.

General Motors said on Sunday it would evaluate several new expressions of interest for its Swedish unit Saab, including a fast-track bid from thwarted Dutch suitor Spyker Cars .

Look for Final U.S. GDP numbers on Tuesday (2.8%Q/Q, 0.5% Price Index), followed by Existing Home Sales (6.31M) and the House Price Index (0.2%M/M).

Charles Evans, president of the Chicago Federal Reserve Bank, said on Monday he expects the U.S. economy to grow 3.0 to 3.5 percent over the next 18 months, but that low inflation will give the central bank room to keep monetary policy easy for an extended period.

New research released Monday shows that Facebook is causing an alarmingly high number of divorces in the United States.

Charles Evans, president of the Chicago Federal Reserve, said on Monday he expects the U.S. economy to grow 3 to 3.5 percent in 2010, but that low inflation will give the central bank room to keep monetary policy accommodative for an extended period.

OPEC producers are set to leave output limits unchanged at a meeting in Angola on Tuesday, officials from the cartel said, but look likely to call for improved compliance with existing curbs.

U.S. stocks gained more than 1 percent on Monday, buoyed by the healthcare sector after a Senate bill advanced that had been stripped of provisions deemed detrimental to health insurers and other companies.

Japan's Canon said on Monday the antitrust procedure in the United States had been completed for its intended acquisition of Dutch maker of photocopier and printing systems Oce NV.

Egypt's main opposition group, the Muslim Brotherhood, announced results on Monday of a controversial election for its governing body, with analysts saying the group's old guard won the bulk of seats.

The benchmark contract for European Union carbon emissions futures closed at a six-month low on Monday, having fallen as much as 9 percent in intra-day trade after a weak U.N. climate deal disappointed investors.

Bookseller Barnes & Noble Inc plans to issue $100 gift certificates to people who won't receive its Nook electronic reader by December 24, if they had ordered it on time.

BHP Billiton (BHP.AX) may quit the nickel business as early as next year after selling two major nickel divisions in four months, though it still produces more than a tenth of the world's nickel in Australia and Colombia.

Violent crime in the United States, including murder and robbery, dropped 4.4 percent in the first half of 2009 and property crime like car thefts also dropped, the Federal Bureau of Investigation said on Monday.