IBT Staff Reporter

U.S. automaker Chrysler on Monday slammed Indiana State Treasurer Richard Mourdock as making demands that would ultimately push the carmaker into liquidation -- resulting in the loss of more than 4,000 jobs and 9,000 retiree pensions in Indiana alone.

Nokia on Monday began rolling out its much-anticipated online software and content store, Ovi Store, as it aims to follow the success of Apple's App Store.

In the world of corporate profits, much like the broader economy, less bad is good these days. Unfortunately, it's not good enough to stem the rise in unemployment.

The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.

The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.

The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.

President Barack Obama commemorated his first Memorial Day in office honoring men and women who made America’s history.

(Corrects paragraph 10 to read 'cap-and-trade system' instead of 'capping grade system')

Switzerland will attend a high-level meeting on tax havens taking place in Berlin on June 23 after host Germany, the most vocal critic of Swiss bank secrecy, agreed to extend an invitation to Berne.

The financial crisis must not delay investments in the oil sector that are essential to an economic recovery, G8 energy ministers and top oil officials from four OPEC countries said on Monday after a two-day meeting.

Major world economies including member nations of the the Group of 8 officially launched a partnership yesterday to accelerate the implementation of energy efficient measures in their economies.

Mongolia's opposition Democratic Party (DP) candidate Tsakhiagiin Elbegdorj won the presidential election, authorities said on Monday, in an outcome analysts said could complicate a pivotal mining deal.

Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within three years as it joined other energy leaders on Monday to call for more investment to boost production over the long term.

North Korea conducted a second nuclear test on Monday that was far more powerful than its first one, triggering an emergency U.N. Security Council meeting on the hermit state's defiant act and drawing condemnation from around the globe.

Nigerian militants launched their first major strike against the oil industry since the start of a 10-day old military offensive late on Sunday, bombing a Chevron pipeline and shutting 100,000 barrels per day of output.

Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes.

Japan raised its economic outlook for the first time in three years on Monday, and an important measure of German business sentiment rose in May in further signs the worst of the global recession may be over.

An Australia woman's account of a late night shooting in Sydney has turned her into an Internet sensation with T-shirts, mugs and a dance remix made in her honor but there's just one problem -- she made it up.

Asia's largest oil and gas producer PetroChina is buying Keppel Corp's 45.5 percent stake in Singapore Petroleum Company (SPC) for S$1.47 billion ($1.02 billion) and plans to make a general offer to buy the rest of the firm.

Swiss drugmaker Roche Holding AG said on Monday new two-year data showed the effectiveness of its Actemra drug in inhibiting structural damage to the joints of patient with rheumatoid arthritis.

Dutch state-controlled bank ABN AMRO NV posted a 886 million euro ($1.24 billion) after tax loss in the first quarter, with most of the total incurred by units in the process of being transferred to Royal Bank of Scotland.

First Philippine Holdings Corp, the holding firm of the Lopez business clan, is open to selling its remaining 13.4 percent stake in Manila Electric Co if needed, its chairman said on Monday.

Kenya is introducing several laws to strengthen its financial sector as new products such as mobile phone banking fill the market in the wake of technological advances, its finance minister said on Monday.

Canada's Orvana Minerals Corp said it has formally commenced its all-cash C$29.3 million ($26 million) takeover offer for Kinbauri Gold Corp.

Kathy Coleman is winner of the 2009 Alumni Volunteer Award for her generous philanthropy to the Weekend College; she will also appear in a cameo role in ‘Land of the Lost.’

Canadian oil and gas company Sabretooth Energy Ltd said a group of individuals under the name Cequence Team will invest C$9.44 million ($8.38 million) in the company as part of its recapitalization plan.

New vehicle emission standards will likely be a boon for everything from aluminum to new plastics, but the producers of lithium -- a mineral used in batteries that power new generation vehicles -- could be the big winners.

Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within two to three years, as energy leaders on Monday decried a blow to investment in expanding capacity due to the financial crisis.

Japan said on Monday that North Korea's nuclear test clearly violated the U.N. resolution and Tokyo, already upset with a rocket launch by the isolated country last month, would seek decisive action.