IBT Staff Reporter

U.S. oil demand through 2035 is not expected to return to the peak levels reached before fuel consumption fell sharply due to high petroleum prices and the recession, the head of the Energy Information Administration said on Monday.

On a recent trip to Honduras, the big news was the current political situation (the ousting of President Zelaya, a move opposed by a vocal minority), which prompted the US State Department to issue a

Egypt has begun making its national archives digitally available on the Internet in Arabic, having last month registered the world's first domain name in Arabic script.

President Barack Obama told top U.S. bankers on Monday they owed the country their help in lifting the economy out of crisis and implored them to lend more money and get behind financial reforms.

Descartes said it would offer 12.50 euros per Porthus share, a premium of 20 percent to the stock's Friday close, and pay 12.33 euros for warrants issued after April 2000 and 20.76 euros for those issued after November 2001.

Near-record supplies of cheap wind power curbed gains by Iberian spot power prices on Monday, which were driven higher by a cold snap that brought snow to much of Spain.

ExxonMobil Corp. (NYSE:XOM), betting that demand for natural gas in the U.S. will grow, has struck a $31 billion all-stock deal to gain control of XTO Energy, Inc (NYSE:XTO).

Russian fixed-to-mobile regional telecoms company Sibirtelecom (STKM.MM) said nine-month net profit fell 29 percent after expenses grew twice as fast as revenues.

Nordic telecoms operator TeliaSonera (TLSN.ST) said on Monday the rollout of its 4G network in Sweden and Norway would cost 500 million crowns ($70.24 million) in 2010.

The world's first commercial mobile network using upcoming LTE technology opened on Monday in the capitals of Norway and Sweden, ahead of schedule.

Iran worked on testing a key component of a nuclear bomb as recently as 2007, a British newspaper said on Monday, a finding which if proven would be at odds with Iran's assertion its nuclear work is for civilian use.

Major British and U.S. companies are focusing on a return to revenue growth in 2010 over cost-cutting, and IT is central to their recovery strategies, according to a survey by consultants Gartner.

The National Basketball Association on Monday announced the launch of its first-ever online and mobile sites designed for fans in India.

The U.S. Supreme Court said on Monday it would decide whether privacy rights covered a worker's personal text message on employer-owned equipment, hearing a case about a police officer who sent sexually explicit messages from his department-issued pager.

NASA WISE, which stands for Wide-field Infrared Survey Explorer telescope, launched Monday morning at 9:09 a.m. EST from Vandenberg Air Force Base in California.

President Barack Obama's top economic adviser said on Sunday that the United States is a long way from the point where merit trumps background in higher education, adding that scholarship assistance is crucial to leveling the playing field.

Lloyds completed a record 13.5 billion pound ($21.9 billion) rights issue on Monday, ending a turbulent period for the bank and shifting investor focus to a potential government stake sale in 2010.

President Barack Obama planned to get tough with executives from top U.S. banks on Monday and tell them that they must help lift the country out of the economic crisis they helped to create.

Death can do wonders for a star's image, with a survey of online sites showing singer Michael Jackson and actor Patrick Swayze were among the celebrities that generated the most positive comments this year.

They sped into the Oil Ministry in armoured convoys, flanked by muscled guards and men in dark suits, but oil executives marked a milestone this week when they attended an oil auction outside Baghdad's fortified Green Zone.

Shares of Rockwell Automation Inc rose as much as 3.6 percent to a new 52-week high on Monday after a J.P. Morgan analyst said the maker of factory-control systems could be a good fit within General Electric Co's industrial lineup.

Jefferies raised its price target on Google Inc's stock to $695 from $600, while reiterating its buy rating, citing optimism among advertisers for fiscal 2010 amid improving macro environment.

Toyota Motor Corp will begin selling affordable plug-in hybrid cars in 2011, upping the ante on General Motors and Nissan Motor as they aim to take the lead in the field of rechargeable cars.

EU regulators signaled they could clear Oracle Corp's $7 billion takeover of Sun Microsystems Inc , after the U.S. software company promised measures to ease competition concerns.

U.S. stocks gained on Monday on relief that Abu Dhabi's $10 billion aid would help neighboring Dubai avoid default, and a takeover deal by oil and gas giant Exxon Mobil Corp fed optimism about the growth of mergers and acquisitions.

Dubai's debt relief request has shattered faith in its once-booming property market and Abu Dhabi's $10 billion bailout will do little to tempt overseas buyers back to the emirate until late 2011 and beyond.

Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.

The aftermath of climategate, the leaked emails from a leading climate research institute, are giving new ammunition to those who don't follow the consensus argument on man-made global warming. The following is a summary of what arguments arise from the leak.

British commercial property values posted the largest monthly increase in 15 years, up 2.4 percent in November, as the market's recovery accelerated after a two-year downturn, data showed on Monday.