IBT Staff Reporter

Banks in the United States need higher capital than they currently have, Alan Greenspan, former chairman of the Federal Reserve told a Mumbai conference via satellite on Monday.

A White House environmental policy adviser who specialized in green jobs resigned on Sunday after an uproar over his previous affiliation with a September 11 conspiracy group.

Japan's prime minister-elect said on Monday he will forge ahead with a tough 25 percent cut in emissions by 2020, despite growing opposition from industry which says the target will hurt the world's No. 2 economy.

The Beatles take a step closer to selling their music online on Wednesday with the simultaneous release of the band's re-mastered catalog and the MTV video game The Beatles: Rock Band.

Food Titans Deal; Breaking Up AIG; Market Surge Post G20

Britain's Cadbury , the world's second biggest confectionery group, has rejected a $16.7 billion bid approach by Kraft Foods Inc., but North America's biggest food group still hopes it can clinch a deal.

Investors jumped back into equities on Monday, sending stocks up more than 1 percent, after a rare week of losses, while the dollar weakened and gold was steady at just below $1,000 an ounce.

Shares in Asia rose on Monday after U.S. data showed a slowdown in layoffs, while Chinese shares extended gains on hopes that Beijing will pull out more policy tools as needed to support its volatile stock market.

Swiss Re , the world's second-biggest reinsurer, said reinsurance prices were rising overall, lifting its shares nearly 3 percent.

Fang Yan and Jacqueline WongChinese airlines are negotiating with Boeing Co to further delay taking delivery of 787 Dreamliner orders, a senior Boeing executive said on Monday, as they continue cost-cutting initiatives amid weak international air travel demand.

Shares in Asia rose on Monday after U.S. data showed a slowdown in layoffs, while Chinese shares extended gains on hopes that Beijing will pull out more policy tools as needed to support its volatile stock market.

The WTO has found that loans from European governments to Airbus were not only unfair subsidies but in some cases violated a tougher ban on export aid, according to sources familiar with a report that also rejected some U.S. complaints.

Switzerland-based medical device maker Synthes Inc has won a key ruling in an ongoing U.S. patent case against U.S. competitor Medtronic, the Swiss company said on Monday.

Chinese shares rose on Monday to extend gains on hopes that Beijing will continue to use policy to support asset prices, while gold prices dipped but kept within striking distance of $1,000 after U.S. unemployment rose to a 26-year high.

Spotify, the much-hyped European digital music service, has secured a deal to launch a mobile offering on Apple's iPhone, iPod Touch and phones using the Android platform, it said on Monday.

Toshiba Corp is in talks with Singapore's Chartered Semiconductor and Globalfoundries Inc about outsourcing production of some of its next-generation system chips to help cut costs, two company sources said.

General Electric Co is confident about winning contracts to supply engines for China's big aircraft project, the company's China chief said on Monday.

Chinatrust Financial, Taiwan's top credit card issuer, offered $2.4 billion for AIG's Taiwan Nan Shan Life unit, outbidding rivals, a source with direct knowledge of the situation told Reuters on Saturday.

Oil prices were little changed on Monday, hovering above $68 a barrel, as concerns about weak energy demand in the United States, the world's top energy consumer, were offset by a broad rise in Asian equities markets.

Dueling reforms; Obama's Major Push; Markets Wary

Would The Warriors recognize the Coney Island of Mayor Michael Bloomberg's dreams?

President Barack Obama hopes to use a major speech next week to revitalize his push for healthcare reform -- and his success or failure could help define the rest of his term and perhaps his presidency.

Environmentalists hope the push in Congress for climate change legislation is not overwhelmed by the debate dominating Capitol Hill over changing the U.S. healthcare system. But it might be.

Huntsman , an American chemicals group, is looking to buy chemical plants in China with part of a $2.7 billion compensation package, said senior executive Paul Hulme in a Financial Times interview on Monday.

Every Thursday night, Lonnie Bishop and Lisa Case have a dinner date. For $5 each, the couple dines on fancy hot dogs served from a food truck parked outside their favorite wine shop in Los Angeles.

Oil prices fell below $68 a barrel on Monday on concerns that high unemployment in the United States, the world's top energy consumer, will weigh on demand.

After driving his BMW 5 series model for just three years, Chinese futures trader Jerry Lin traded in his car for an Audi A6.

The AUD/USD roared higher on Friday night to break above the psychological 85 cent level for the first time since September last year. The rally came on the back of increasing risk appetite following a better than expected U.S non-farm payroll number, a clear sign of continued improvement in the jobs market stateside.

In a letter to Barron's, Sears Holdings Corp Chairman Edward Lampert defended the retailer from what he called an inaccurate and biased report in the August 24 edition of the paper.