IBT Staff Reporter

Nokia on Monday introduced its new Surge, a Symbian S60-based Smartphone with video sharing for design for multimedia and entertainment mania.

Germany's Software AG said it will bid 15 euros in cash per share for IT consultancy group IDS Scheer and has agreed to buy out the two biggest shareholders that control nearly half the company.

Dell Inc forecast lower gross margins in the July quarter as demand has shifted toward cheaper computers such as netbooks, while prices of components are rising, sending its shares down 4 percent.

General Motors Co, which plans to wind down the Pontiac brand, is considering bringing the Pontiac G8 full-size sedan into the Chevrolet brand, Vice Chairman Bob Lutz said on Monday.

Using condoms consistently can help prevent people from contracting genital herpes, new research in the Archives of Internal Medicine shows.

Saying the new H1N1 virus is

Investors from four countries sued Antigua and Barbuda on Monday, arguing that the twin-island Caribbean nation benefited from and knew about Texas financier Allen Stanford's alleged $7 billion fraud.

The 67-year-old North Korea leader Kin Jong II was diagnosed with pancreatic cancer and was expected to live no more than five years, South Korean broadcaster YTN said on Monday, citing unidentified sources from Chinese and South Korean intelligence officials.

Take Two Interactive Software Inc reduced its financial forecast for the fiscal third quarter, as it delayed the release of one of its new video game titles and confronted tougher-than-expected retail conditions.

Chinese police shot dead two armed people and injured third on Monday following the bloody riot in Xinjiang, state-run Xinhua said, bringing the death toll to 186 in a week.

Dell Inc expects to report a slight sequential increase in revenue for the quarter ending July 31, but it forecast a modest decline in gross margins due in part to higher component costs and an unfavorable mix of products.

Jailed author of the biggest Ponzi scheme in U.S. history is on his way to the prison where he will serve his 150-year jail sentence a U.S., a prison official said.

A federal court judge in Miami approved a delay in a high-profile trial on Monday in which U.S. tax authorities hoped to force UBS AG to reveal the identities of thousands of Americans suspected of using the Swiss bank to evade taxes.

Jailed author of the biggest Ponzi scheme in U.S. history is on his way to the prison where he will serve his 150-year jail sentence a U.S. prison official said. Madoff was sentenced on June 29 for orchestrating a $65 billion worldwide fraud

The survival of CIT Group Inc , a key source of financing for thousands of small and medium-sized companies, became ensnared in disagreements between regulators in Washington on Monday.

Steven Rattner will depart as head of the U.S. autos task force that oversaw unprecedented bankruptcies at General Motors Corp and Chrysler Group, Treasury Secretary Timothy Geithner said on Monday.

Dell Inc forecast lower gross margins for the July quarter, citing higher component costs and an unfavorable product mix, sending its shares down 3 percent

Patent licensing firm Mosaid Technologies Inc said on Monday it was taking IBM to court for allegedly infringing on six of Mosaid's U.S. patents.

The U.S. federal government will spend $884 million to buy more ingredients to make an H1N1 swine flu vaccine, the Health and Human Services department said on Monday.

After helping steer General Motors and Chrysler out of bankruptcy, the head of President Obama's Auto Task force is stepping down, with an existing administrator taking over.

Jon Gosselin showed off his new girrlfriend, Hailey Glassman, during a trip to St. Tropez on Saturday.

Aerospace companies are likely to post mixed quarterly results as weak airline traffic, pressure on aircraft orders and the latest delay of Boeing Co's 787 Dreamliner weigh on parts suppliers.

The average price of gasoline fell to $2.5573 a gallon. A consortium of 12 companies outlined a massive solar project in North Africa called Desertec which aims to provide 15 percent of the energy needed in Europe by 2050. Chinese Suntech Power Holdings Co. Ltd said today it reached agreements to develop four solar power facilities in China

U.S. stocks rallied more than 2 percent on Monday as bullish comments on financial sector performance from analyst Meredith Whitney lifted hopes that banks' quarterly results may be stronger than expected.

President Barack Obama's nominee for the Supreme Court, Sonia Sotomayor, on Monday promised to apply the law impartially as Republicans questioned her objectivity on the first day of her confirmation hearings.

U.S. stocks rallied more than 2 percent on Monday as bullish comments on financial sector performance from analyst Meredith Whitney lifted hopes that banks' quarterly results may be stronger than expected.

Russian investment group Digital Sky Technologies has placed a tender offer to purchase up to $100 million of common stock from current and former Facebook employees., according to media reports.

Banks will hog the spotlight in the first big week for this quarter's earnings period as investors attempt to discern whether the surprising improvement in earnings in the first quarter continued through the second quarter of the year.

Fans of HBO shows such as the 'Sopranos' and 'The Wire' can now watch them online if they are Comcast Corp subscribers, in the latest move by the cable TV industry to make TV programs available on the Web.