IBT Staff Reporter

The U.S. Federal Reserve is working on plans to make sure executive pay does not promote dangerous risk-taking, as part of steps to reform financial rules after a devastating crisis, a top Fed official said on Monday.

Oil prices slipped toward $68 a barrel on Monday, pressured by a stronger U.S. dollar and weakness on Wall Street.

Apple's Worldwide Developer Conference (WWDC) is underway in San Francisco where new MacBook Pro laptops have been rolled out, along with a price cut announcement to its MacBook Air laptops.

Labour members of parliament (MPs) cheered British Prime Minister Gordon Brown when he arrived to address them on Monday for a meeting that will help to decide his political future.

Stocks fell on Monday after McDonald's Corp posted lighter-than-expected monthly sales and a report that Apple Inc would price new iPhones aggressively, signaling that consumer spending may remain a concern.

There is still a high degree of uncertainty regarding the outlook for the global economy, although Chinese growth could surprise on the upside, World Bank President Robert Zoellick said on Tuesday.

Apple senior vice president of worldwide product marketing Phil Schiller opened up Apple's Worldwide Developer Conference (WWDC) on Monday by show casing new MacBook Pro laptops with longer battery lives, faster processors and lower pric

Apple Inc unveiled a cheaper notebook with revamped software on Monday, kicking off a closely watched annual conference with low-key announcements amid speculation visionary leader Steve Jobs might appear after a months-long absence from public view.

The U.S. Supreme Court ruled on Monday that a West Virginia judge should have disqualified himself from an appeal of a $50 million jury verdict against Massey Energy Co because the coal mining company's CEO had been a major campaign donor.

Oil prices rose slightly on Monday as dealers expected U.S. inventory data this week to show a decline in stockpiles, but gains were limited by a stronger dollar and weaker equities.

A group of technology heavyweights, including chiefs of IBM and Motorola Inc enlisted a former Clinton administration economist to beat back President Barack Obama's plan to boost some taxes on overseas profits.

The death toll from a fire at a day care center in northern Mexico rose to 43 on Monday as the governor of the State of Sonora vowed to investigate how the incident originated.

Several airlines using Airbus A330-200 planes, the model that crashed in the Atlantic last week, said on Monday they would wait for any directive from plane maker Airbus before making any equipment changes.

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A surprise appearance by Apple Inc Chief Executive Steve Jobs at the company's annual developer conference could boost its stock on Monday, but his absence might trigger a bigger move in the other direction.

The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.

General Motors Corp , which filed for bankruptcy protection a week ago, said on Monday that it would cease production of medium-duty trucks by July 31 after attempts to sell the operation failed.

President Barack Obama on Monday pledged to deliver or save more than 600,000 jobs through the $787 billion stimulus plan this summer.

McDonald's Corp posted lighter-than-expected May sales at U.S. restaurants open at least 13 months, sending shares of the world's biggest hamburger chain and its rivals lower on Monday.

Global airlines called for concerted action to prevent another runaway surge in oil prices as the International Air Transport Association nearly doubled its forecast for industry losses to $9 billion in 2009.

U.S. stocks fell on Monday after McDonald's Corp warned that second-quarter profit may be hurt by currency swings and as investors worried that the ongoing rise in interest rates could hamper a recovery.

The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.

The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.

The U.S. job market strengthened in May for the first time in 16 months, indicating that while job loss figures remain deep in the woods a recovery, albeit slow, is in sight, a research group said on Monday.

French air investigators said on Saturday that Airbus had detected faulty speed readings on its A330 jets ahead of last week's crash and had recommended its clients replace a sensor.

A Somali Islamist rebel leader on U.S. and U.N. terrorism lists denied on Monday reports that he had been seriously wounded in fighting between rival Islamist groups in the Horn of Africa nation.

Pakistani villagers enraged with the Taliban after the bombing of a mosque battled the militants on Monday, underscoring a shift in public opinion away from the hardline Islamists.

Oil slipped toward $68 a barrel on Monday as a stronger dollar and weaker equities prompted a retreat from last week's seven-month high above $70.

U.S. President Barack Obama wants immediate talks between the Palestinians and Israel to forge a comprehensive Middle East peace agreement, U.S. envoy George Mitchell said on Monday.