IBT Staff Reporter

General Motors Co's [GM.UL] bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.

The German trust set up to oversee Opel said it saw no reason to reopen the carmaker's sale despite EU concerns that Germany's promises of state aid had skewed the bidding process.

Electric cars will not be dramatically cleaner than autos powered by fossil fuels until they rely less on electricity produced from conventional coal-fired power plants, scientists said on Monday.

Apple Inc's profits and sales streaked past Wall Street forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.

Chip maker Texas Instruments Inc posted better-than-expected quarterly results on Monday, citing strong demand across all business segments including computers, phones and cars.

U.S. financial regulators and federal prosecutors unveiled their biggest-ever insider case involving a hedge fund last week and similar cases may be announced in coming months, sources said on Monday.

The European Union announced Monday that a majority of EU states agreed to create a €280 million ($418 million) fund to help dairy farmers cope with the impact of low prices.

A Chinese ship with 146 people on board was hijacked Monday in the Indian Ocean, according to the EU Naval Force.

The US Department of Agriculture (USDA) announced Monday that at least one pig has tested positive for the H1N1 virus.

Carl Icahn, the famed corporate raider, accused finance company CIT Group Inc of trying to win support for its reorganization by overpaying for a new loan from some existing lenders.

At shops in Shanghai's bustling Xinyang market, fake Apple iPhones and Bose speakers sit neatly alongside bootleg copies of Microsoft's new Windows 7 operating system, a week before its official launch.

Apple Inc reported better-than-expected results as iPhone and Mac sales hit quarterly records, sending its shares up 5.5 percent on Monday.

Apple Inc's profit and revenue blasted past analysts' expectations, fueled by record sales of the iPhone and Mac. Shares shot up 7.5 percent to more than $204 in extended trade.

The Aussie dollar opened Monday a nervous note with local investors unsure if the week ahead could see the beginning of a reversal of the recent strong run higher.

Apple Inc's profits and sales streaked past Wall Street's forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.

A Colombian mayor canceled a Calle 13 concert on Monday after the lead singer for the Puerto Rican rappers wore a T-shirt appearing to link President Alvaro Uribe to illegal paramilitaries.

U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session's close when Apple Inc's shares jumped on its results.

Apple Inc. reports a 46 percent increase in its fiscal fourth-quarter earnings as the company posts higher revenue than a year ago led by better-than-expected sales of iPhones, Mac computers and iPods

Madonna's Manhattan neighbor has sued her co-op and the building's management company saying the pop star's habit of rehearsing with loud music is a nuisance for other residents.

The office of the Georgian president had a new occupant Monday as U.S. actor Andy Garcia took on the role of Mikheil Saakashvili in a film based on last year's war with Russia.

A pile of hair believed snipped from Elvis Presley when he joined the U.S. Army in 1958 sold for $18,300 on Sunday, according to a Chicago auction house.

U.S. pop star Beyonce has postponed a planned concert in Malaysia after the nation's opposition Islamist party raised concerns about her performance, citing moral issues, concert organizers said.

Apple Inc's profits and sales streaked past Wall Street's forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.

U.S. stocks rose to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session's close when Apple Inc's shares jumped on its results.

Payments on credit default swaps protecting the loans of Metro-Goldwyn-Mayer will need to be made after the Hollywood studio failed to make a payment due on its loan on Sept. 30, the International Swaps and Derivatives Association said on Monday.

Iran will continue producing five percent Low enriched uranium (LEU) and will for sure start work on 20 percent enriched uranium production if the Geneva talks are fruitless, the IRNA news agency reported Monday, quoting Ali Shirzadian, spokesman of Nuclear energy agency.

United States First Lady Michelle Obama is set to appear on The Jay Leno Show on Friday, NBC announced on Monday, according to the Associated Press.

American International Group Inc, the insurer bailed out by the U.S. government, has extended $2 billion in credit to its aircraft leasing arm, allowing the lessor to meet debt obligations due last week, according to a regulatory filing on Monday.

Apple Beats Wall St; Gold Gaining on U.S. Policy; Housing Preview