IBT Staff Reporter

Swedish telecom equipment maker Ericsson has signed its first license agreements for LTE technology patents, allowing other companies to use the technology, an Ericsson official said on Monday.

The world’s first commercially successful color film, which made its debut in 1935, will conclude its run this year due to limited demand.

Growing worries over budget deficits and government intervention could jeopardize President Barack Obama's proposed healthcare overhaul in Congress as lawmakers bicker over costs and strategies for covering the uninsured.

Apple Inc said it had sold more than 1 million of its newest iPhone in the first three days of launch, beating analysts' expectations for the 3GS smartphone's debut.

Top shareholders in Anglo American brushed off rival Xstrata's plan for a merger of equals on Monday and pressed for a big premium to create a giant to compete in a consolidating mining sector.

Apple Inc. sold more than a million units of its latest iPhone model in the first three days, the company said Monday, making it the most successful model yet.

The H1N1 influenza virus cost Delta Air Lines $250 million in revenue, and the world's largest airline has cut capacity during the second quarter in response to the reduced demand, its chief executive said at the company's annual shareholders meeting on Monday.

Russian oil company Tatneft said its net profit rose 25 percent year-on-year in the first quarter as lower costs and taxes helped offset a 32.6 percent fall in revenues.

Canada's Verenex Energy Inc said on Monday that Libyan authorities have not yet approved the C$499 million ($434 million) sale of the company to China National Petroleum Corp, putting the deal at risk.

Japan's largest convenience store chain, Seven-Eleven, said it may appeal a finding by the country's anti-monopolgy watchdog that it had illegally pressured franchise stores not to cut the prices of food items.

European and Asian automakers are expected to build more vehicles in North America than Detroit's three automakers by 2012 following a sweeping restructuring of the domestic industry, according to a study released on Monday.

President Nicolas Sarkozy said on Monday that burqas, garments that cover women from head to toe and hide their faces, had no place in France as they were a sign of the subjugation of women.

Stocks slid on Monday as investors questioned the strength of an economic recovery, while energy shares were dragged down by lower oil prices.

Apple Inc said it had sold more than 1 million of its newest iPhone in the first three days of launch, beating analysts' expectations for the 3GS smartphone's debut.

Carmakers left on the sidelines of rapid change in Europe's auto landscape will eventually be forced into mergers and acquisitions even if they use alliances and partnerships to tackle immediate challenges.

Nokia Siemens Networks' acquisition of key assets from Nortel Networks is unlikely to be a game changer in a cut-throat telecom operators' market, even if the deal helps NSN's results and market share.

A $68 billion merger of coal giants Xstrata and Anglo American would rattle a global steel industry that is already reeling from a tie-up between two of its biggest iron ore suppliers.

Goldman Sachs Group Inc is on pace to make record bonus payouts after a robust first half, the Guardian newspaper reported on Sunday.

Tennis fans at Wimbledon will be able to keep up with the action using a smartphone application developed by IBM, which it said could transform the way spectators access information at sporting events.

About 40,000 Pakistanis are on the move even before a military offensive begins in the Taliban stronghold of South Waziristan, U.N. officials said on Monday, and are headed for communities already stretched to the limit.

Britain pledged 5 million pounds to Zimbabwe Monday but made clear more reforms were needed before it would start large-scale development aid to the shattered country.

The head of Russia's Muslim region of Ingushetia was seriously injured on Monday in a suicide bomb attack which dealt a fresh blow to the Kremlin's fragile grip on the North Caucasus.

Battery maker EnerDel, Inc. will invest $3.3 million in a research project to develop a technology to eliminate overcharging in lithium-ion cells.

Walgreen Co posted a slightly lower quarterly profit that fell short of expectations as it spent on overhauling its product assortment, while shoppers focused on buying only necessities.

About 40,000 Pakistanis are on the move even before a military offensive begins in the Taliban stronghold of South Waziristan, U.N. officials said on Monday, and are headed for communities already stretched to the limit.

North Korean leader Kim Jong-il is likely in good health and his grip on power strong but he appears to have needed displays of military might to counter a rise in domestic unrest, a South Korean cabinet minister said on Monday.

The United States military is prepared for the possibility that North Korea may attempt to launch a missile toward Hawaii, President Barack Obama said in remarks released on Sunday.

The children of baby boomers will eventually resuscitate the pummeled U.S. housing market, Harvard University said on Monday, but in the meantime, limits on income and credit are sustaining the three-year bust.

Apple Inc sold more than 1 million units of its newest iPhone, the 3GS, in the first three days of launch, the company said on Monday.