IBT Staff Reporter

The Brazilian air force announced Monday that search crews have recovered a total of 24 bodies to date and the aircraft tail from the Air France that crashed into the Atlantic a week ago with 228 people on board.

Apple Inc halved the price of its entry-level iPhone to $99 on Monday in a move that could widen the trendy device's mass-market appeal as competition for smartphones heats up.

Texas Instruments raised its targets for second-quarter earnings and revenue, signaling improving demand in the chip market, and its shares rose 4 percent.

Shares of Palm Inc slipped on Monday amid concerns that early sales of its highly anticipated new phone, the Pre, fell short of expectations and that its launch may be overshadowed by supply constraints.

The sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA was temporarily blocked by a U.S. Supreme Court justice on Monday, with no indication how long the delay would last.

Two thirds of businesses are unaware they will be able to use their own name in place of domain extensions such as .com, .org, or .net when Internet domains are liberalized next year, according to a survey.

General Motor's Vice Chairman Bob Lutz says conventional cars are still what most people in the U.S. want while also criticizing the mainstream media for portraying demand for hybrid vehicles as being higher than the reality.

U.S. stocks slid on Monday after McDonald's Corp posted lighter-than-expected May sales and investors worried that rising interest rates may hamper a recovery.

U.S. stocks rebounded late on Monday to end flat, shrugging off lighter-than-expected sales from McDonald's and lowered iPhone prices from Apple .

Bank of America Corp on Monday said two more directors have resigned from its board, pushing the total to five who have left since late April.

(Corrects reason for McDonald's shares falling and removes reference to warning on profit impact of forex hit)

Australian Dollar: The Australian Dollar opens beneath US79 cents for the first time since May 29 amid further greenback strength overnight. As expected, trading was fairly muted yesterday thanks to the Queen's Birthday public holiday.

Apple on Monday unveiled a new, faster iPhone and cut the price on its existing model to $99.

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British Prime Minister Gordon Brown survived a challenge to his authority on Monday, winning over Labour members of parliament after admitting mistakes and taking responsibility for a week of political turmoil.

President Barack Obama's quest to overhaul U.S. healthcare rests in part on the frail shoulders of Senator Edward Kennedy, a champion of the cause now in the second year of fighting deadly brain cancer.

A U.S. Supreme Court justice granted on Monday a request to put on hold the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA.

U.S. stocks rebounded late on Monday to end flat, shrugging off lighter-than-expected sales from McDonald's and lowered iPhone prices from Apple .

Hezbollah leader Sayyed Hassan Nasrallah accepted on Monday the result of a parliamentary election in Lebanon in which his U.S.-backed opponents secured a majority over the Iranian-backed group and its allies.

From a living room in Kansas to a bagel shop in New York to an Alabama church, Democrats have started mobilizing support for President Barack Obama's healthcare reform plans.

Pope Benedict was very upset by revelations that priests and nuns had beaten and raped children for many years in Irish industrial schools, the Catholic Archbishop of Dublin said on Monday.

Gunmen killed 10 people and wounded 12 others when they opened fire with automatic weapons at a mosque during evening prayers in Thailand's restive Muslim south, police said on Monday.

A senior U.S. Democratic lawmaker urged President Barack Obama on Monday to consider what can be done to speed access to cheaper versions of biotech medicines ahead of legislation aimed at achieving that goal.

Men who eat healthier diets may also have healthier sperm, new research from Spain shows.

General Motors officially opened an advanced battery laboratory in Michigan on Monday to speed up the development of cleaner and more energy efficient vehicles, the company said.

Apple Inc cut the price of its entry-level iPhone to $99 on Monday, in a nod sure to please recession-weary consumers, but ailing leader Steve Jobs did not put in a much speculated-about appearance after a months-long absence from public view.

Apple Inc unveiled a cheaper Mac notebook on Monday, kicking off its annual developers' conference with a low-key announcement amid speculation visionary leader Steve Jobs might appear after a months-long absence from public view.

Apple Inc unveiled a speedier iPhone on Monday, but contrary to rumor its convalescing Chief Executive Steve Jobs did not make an appearance.

AT&T Inc said it will halve the price of the existing iPhone from Apple Inc starting on Monday evening and start selling a new version of the phone on June 19 without impacting its profit targets.