IBT Staff Reporter

Wall Street slipped on Monday as a decision by the United States to impose special duties on Chinese tires sparked concerns of an escalating trade dispute.

Upcoming trial results for lorcaserin, the experimental obesity drug being developed by Arena Pharmaceuticals Inc, will likely show it is about 4 percentage points more effective in promoting weight loss than a dummy pill

U.S. President Barack Obama, marking a year since Lehman Brothers collapsed, urged financial firms on Monday not to fight regulatory reform and urged Congress to pass his proposals by the end of the year.

Poverty is as a strong a predictor of premature death today as it was a century ago, according to findings from a study in England and Wales.

Swimming in a chlorinated pool may boost the odds that a child susceptible to asthma and allergies will develop these problems, a study released today indicates.

U.S. telecom equipment maker Avaya Inc has emerged as the successful bidder at a bankruptcy auction for the Nortel Networks Corp unit that builds corporate networks, and will pay $900 million for the business.

President Obama is at Wall Street today to speak from Federal Hall to mark one year after the collapse of Lehman Brothers and to breathe new life into efforts to overhaul the financial regulatory system.

Rio Tinto, the world's second-largest miner, is to sell a 56 percent stake in the cable division of its Alcan Engineered Products unit to U.S. investment firm Platinum Equity for an undisclosed sum.

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Kuwait has signed a $2.65 billion contract with General Electric Co and Hyundai Heavy Industries to build and operate a power plant in the north of the country, General Electric said.

Indian rubber consumption in the year to April 2010 is seen at 881,000 tonnes, slightly higher than the previous estimate of 875,000 tonnes helped by higher demand for automobiles, the country's Rubber Board said.

U.S. telecom equipment maker Avaya Inc has emerged as the successful bidder at a bankruptcy auction for a Nortel Networks Corp unit that builds corporate networks, and will pay $900 million for the business.

Netbook PC pioneer Asustek said on Monday it expects to ship 11-13 million portable PCs this year as demand increases in Europe and other markets.

Oracle Corp has developed a computer with Sun Microsystems Corp, the hardware company it is buying for $7 billion, under a brand that it has exclusively sold with Hewlett-Packard Co.

Weather Investments, an Italian-based holding company that owns Egypt's Orascom Telecom, said on Monday holders of 744.6 million euros ($1.1 billion) worth of the firm's bonds had agreed to sell them back.

Delta Air Lines , the world's biggest airline, boosted its operating margin forecast for the third quarter, citing lower fuel costs, and said other financial measures were trending in line with or better than year-earlier and second-quarter levels.

Dili's gleaming new Presidential Palace and Foreign Ministry, gifts from China, stand in stark contrast to nearby burned-out buildings and are symbols of how the energy-hungry superpower is growing closer to tiny, oil-rich East Timor.

Canon Inc said it will start providing its latest multi-functional printer models to Hewlett-Packard later this year, broadening the long-running partnership between the companies.

Prime Minister Benjamin Netanyahu said on Monday Israel would not freeze all building in West Bank settlements as demanded by Washington but could limit its scope to help to restart peace talks with the Palestinians.

Brazilian billionaire Andre Esteves plans an initial public offering for his BTG Pactual investment bank in 2010, Valor Economico newspaper reported, without citing a source for the information.

Asia-focused brokerage CLSA said General Electric and Brazilian miner Vale SA and several other companies have inquired about listing in

Iran and world powers seeking to resolve a dispute over Tehran's nuclear program will start talks on October 1, in what a senior U.S. official described as an important first step.

Al Qaeda leader Osama bin Laden warned the American people over their government's close ties with Israel in an apparently new audio tape posted on an Islamist website on Monday.

Three Britons were jailed for life on Monday for plotting a terrorist outrage on the scale of the September 11 attacks by blowing up transatlantic airliners bound for North America using bombs made from liquid explosives.

British bid target Cadbury is set to beef up its defense against Kraft this week as CEO Todd Stitzer addresses investors and it ponders an early third-quarter update, analysts and fund managers said.

Beyonce gave up her time to give an acceptance speech at the MTV VMA's Sunday night to allow singer Taylor Swift end her own speech which earlier was spoiled by an abrupt interruption of rapper Kanye West.

A year ago, Barclays and Nomura were preparing to dismember the carcass of recently-deceased Lehman Brothers. Twelve months seems a good time to ask: who got the tastier meal?

Hospital operator Tenet Healthcare Corp boosted its full-year profit forecast on Monday, citing a stronger-than-expected performance over the summer, and its shares jumped more than 10 percent.

MGIC Investment Corp said in a regulatory filing that it was deferring interest payments on certain debentures which were due on Oct. 1, sending its shares down as much as 6 percent.