IBT Staff Reporter

Stocks climbed on Monday, lifted on expectations that lender CIT Group Inc would be able to avoid bankruptcy.

Jul 20, 2009

The United States and India said on Monday they had agreed on a defense pact that takes a major step toward allowing the sale of sophisticated U.S. arms to the South Asian nation as it modernizes its military.

Jul 20, 2009

Hasbro Inc posted a higher-than-expected quarterly profit on Monday, citing strong demand for its movie-themed toys, and said its cable TV deal would cost it less than originally thought.

Jul 20, 2009

CIT Group Inc has clinched $3 billion of emergency financing from bondholders, keeping the struggling lender out of bankruptcy, a person close to the matter said.

Jul 20, 2009

European Union officials visiting Azerbaijan protested on Monday at the arrest of two opposition bloggers, a case seized on by rights groups concerned over shrinking freedoms in the oil-producing state.

Jul 20, 2009

U.S. stocks rose on Monday as troubled lender CIT Group Inc is expected to close a deal with bondholders that could remove uncertainty and point to a healthier financial sector.

Jul 20, 2009

Halliburton Co posted a higher-than-expected profit on Monday, lifting its shares, but the world's second-largest oil services company warned that North American natural gas markets would stay weak throughout 2009.

Jul 20, 2009

EMC Corp, the biggest maker of corporate data storage gear, said it has acquired a majority stake in Data Domain Inc and expects to complete the acquisition of the company by month's end.

Jul 20, 2009

An invisibility cloak that will protect buildings from earthquakes may very soon become a reality, according to researchers at the University of Liverpool.

Jul 20, 2009

Jarden Corp , maker of Sunbeam appliances and other home products, said on Monday it expects to meet or exceed analysts' profit and sales expectations when it reports second-quarter results later this week, sending its shares up 1.5 percent.

Jul 20, 2009

The European Commission is to hold a hearing on September 7 for interested parties to comment on Google's deal with publishers to make millions of books available online and its impact on EU writers' rights.

Jul 20, 2009

Apple iPhone can now be used to order pizza with the new Pizza Hut iPhone App.

Jul 20, 2009

Stocks rose on Monday, but were off session highs, after CIT Group Inc clinched a deal with bondholders that removed some uncertainty from a recovering financial sector.

Jul 20, 2009

For Danish film director Lars von Trier, the outrage that greeted Antichrist at the Cannes festival in May was music to his ears.

Jul 20, 2009

ITV is promising exclusive unseen footage of Michael Jackson from the private collection of the singer's friend Uri Geller in a forthcoming documentary, My Friend Michael Jackson: Uri's Story, its production and distribution division said Friday.

Jul 20, 2009

Spectrum Pharmaceuticals Inc said U.S. health regulators accepted for review the company's response on its experimental cancer drug, Zevalin, as a Class 1 submission -- which typically means the regulators would review the drug within 60 days.

Jul 20, 2009

Honduras' political rivals were on a collision course on Monday after negotiations collapsed and deposed President Manuel Zelaya vowed to return home despite warnings from a defiant de facto government.

Jul 20, 2009

China's CPI Mengdong Energy Group, the parent of smelter HMHJ Aluminum, has agreed to import 2.5 million tonnes of alumina from international trading house Trafigura Group, trading sources said on Monday.

Jul 20, 2009

China will maintain a basically stable yuan at a reasonable and balanced level, Chinese Premier Wen Jiabao said in a reiteration of the country's long-standing description of its exchange rate policy.

Jul 20, 2009

Prime Minister Benjamin Netanyahu, saying he would not take orders over Israeli settlement in East Jerusalem, rejected on Sunday a U.S. demand to halt plans to build more homes for Jews in the disputed area.

Jul 20, 2009

Chinese iron ore miner Lung Ming, partly owned by private equity firm Hopu and Singapore's state investor Temasek, plans to list shares in Hong Kong this year to raise up to $1 billion, sources with direct knowledge of the plan said.

Jul 20, 2009

India's Tata Steel and Suzlon Energy Ltd launched global depositary share offers on Monday to raise a combined $575 million, sources said, leaning on a share market rally and rising foreign appetite for Indian offers.

Jul 20, 2009

CIT Group Inc has clinched a deal for $3 billion of emergency financing from bondholders, keeping the struggling lender out of bankruptcy, and the pact may be announced Monday, a person close to the matter said.

Jul 20, 2009

Jarden Corp , maker of Sunbeam appliances and other home products, expects to meet or exceed analysts' expectations for profit and sales when it reports second-quarter results later this week.

Jul 20, 2009

Investigators said Saturday Police are now focusing on the terrorist group Jemaah Islamiyah (JI) responsible for Friday's bombing attacks.

Jul 20, 2009

The row over four Rio Tinto Ltd staff detained in China accused of spying has exposed Australia to Chinese wrath just when a Mandarin-speaking leader in Canberra had appeared to have wooed the country over.

Jul 20, 2009

An Indonesian television station on Monday named a likely suspect in the suicide bombings of two luxury hotels in Jakarta, saying he had school links to members of the radical Islamic group Jemaah Islamiah.

Jul 20, 2009

Johnson Controls Inc posted a 63 percent plunge in quarterly earnings as the weak economy pressured the diversified manufacturer's auto parts and building controls businesses, but its shares rose 7 percent as the results beat Wall Street forecasts.

Jul 20, 2009

Two retired Turkish generals went on trial on Monday in a group of 56 people accused of planning a coup in a case that highlights a power struggle over Islam's role in the European Union candidate country.

Jul 20, 2009