IBT Staff Reporter

A group of investment funds sought on Monday to block Chrysler's planned alliance with Fiat SpA, while the Italian automaker advanced its bid to overhaul the industry by setting its sights on Germany's Opel.

JPMorgan Chase & Co may be called on by regulators for more acquisitions, as the U.S. banking sector is likely to see further consolidation, Chief Executive Jamie Dimon said on a webcast call on Monday.

President Barack Obama vowed on Monday to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and that allow wealthy people to evade taxes using offshore accounts.

President Barack Obama on Monday proposed removing tax incentives that he says encourage U.S. multinational firms to ship jobs overseas.

Chrysler asked the U.S. Bankruptcy Court on Monday for a swift hearing into its planned sale to Italy's Fiat SpA, eliciting immediate objections from some secured lenders.

The United States' largest banks made their case to regulators on Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise $10 billion.

The lightest and thinnest smartphone of RIM will be available over the counter of AT&T early this summer.

Stocks rose on Monday as investors bet that the government's stress tests won't force banks to raise as much capital as originally thought and housing data fueled hopes that the economic slump is abating.

PepsiCo not just into Pepsi Bottling interest, shares fell Pepsi Bottling Group Inc on Monday said shares fell after it rejected a PepsiCo offer to acquire outstanding shares in common stock on inadequate value and not in the best interest of the company and its stockholders.

Research In Motion is planning a next-generation version of its touchscreen BlackBerry Storm smartphone as part of a continuing push into the retail market, its co-CEO said on Monday.

Research In Motion is planning a next-generation version of its touchscreen BlackBerry Storm smartphone as part of a continuing push into the retail market, its co-CEO said on Monday.

European Union antitrust regulators have set a hearing next month for Microsoft to respond orally to EU charges that it sought to stymie rivals by tying the firm's Web browser to its Windows operating system.

Pending sales of previously owned homes rose for a second straight month in March, while construction spending edged higher, according to reports on Monday that suggested a moderation in the housing slump.

American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said on Monday.

A new web software, called Wolfram Alpha, has already been hyped as the next Google killer, even before its official launch later this month.

The Boston Globe and its biggest union suspended talks on Monday over concessions that parent company The New York Times Co is seeking to keep the 137-year-old newspaper open.

AEI Capital Corporation on Monday said it has increased its investments to buy more than $30 million in Best Buy for its net leased property to protect investor’s capital, using all-cash without debt.

Hewlett-Packard Co and BlackBerry maker Research In Motion Ltd said they have formed an alliance to provide services for the BlackBerry.

Research In Motion is planning a next-generation version of its touchscreen BlackBerry Storm smartphone as part of a continuing push into the retail market, its co-CEO said on Monday.

Stocks rose on Monday on bets the government's stress tests on the financial sector won't force banks to raise as much capital as originally thought and housing data reinforced hopes the economic slump is easing.

Sprint Nextel Corp posted a surprise quarterly profit excluding items, thanks to cost cuts and strong growth in a new service where customers pay for calls in advance, sending its shares up 12 percent.

For over three decades, India's West Bengal state has been run by the world's longest-serving democratically-elected communist government.

Pending sales of previously owned U.S. homes rose in March for a second straight month, while construction spending edged higher, according to reports on Monday that suggested a moderation in the housing slump.

Global sales of investment grade real estate plunged 73 percent to $47 billion in the first quarter from a year ago, or just one-sixth of the level two years ago, according to real estate research firm Real Capital Analytics on Friday.

True to their reputation as leisure-loving gourmets, the French spend more time sleeping and eating than anyone else among the world's wealthy nations, according to a study published Monday.

Research In Motion is planning a next-generation version of its touchscreen BlackBerry Storm smartphone as part of its continuing push into the retail market, its co-CEO said on Monday.

U.S. bank shares rose on Monday after analysts said government stress tests of financial institutions would show most would need less new capital than previously feared.

U.S. construction spending rose in March for the first time in six months, edging up 0.3 percent, according to government data on Monday.

A radical overhaul of the car industry moved a step closer on Monday as Fiat's chief executive set his sights on General Motors' Opel German unit just four days after clinching a deal with Chrysler.