IBT Staff Reporter

Bank of America Corp said on Monday it does not have plans to raise $10 billion in common equity, as the Financial Times had reported.

SolarWorld, Germany's third-largest solar company by revenue, confirmed its 2009 sales outlook after first-quarter net profit rose more than a quarter as the company offset falling module prices by cutting costs. Chief Executive Frank Asbeck told Reuters on Monday that the company still expects to post 2009 sales of more than 1 billion euros ($1.33 billion), while full-year profit would depend on how prices develop in the battered industry.

Europe is likely to pump out increasing amounts of bioethanol over the next 10 years, posting gradual annual output rises as an EU-imposed deadline nears for boosting renewable energy, an industry official said on Monday.

Citigroup Inc is looking to raise any additional capital it might need from private investors, rather than giving more control to the government, Bloomberg reported on Monday, citing people briefed on the matter.

U.S. energy companies rushing to exploit Pennsylvania's massive natural gas reserves have launched a public relations campaign to calm fears the bonanza is contaminating water with toxic chemicals.

Conventional wisdom says the United States has to bring concrete commitment to international climate talks in Copenhagen in December or no other country will act.

Wall Street was set for a modestly higher open on Monday as investors were hopeful banks will be able to raise any capital they may need as a result of findings in the government stress tests, but jitters over the health of the sector persisted.

Sprint Nextel Corp posted better-than-expected results on cost cuts even as more postpaid customers defected to rival services than Wall Street had expected and business customers canceled services due to the recession.

A radical overhaul of the car industry moved a step closer on Monday as Fiat's CEO prepared to pitch a bid for Opel to Germany's leaders as part of a planned takeover of General Motors' European assets.

The body in charge of assigning Internet addresses such as .com and .net should be shorn of its U.S. government links from October and made fully independent, the European Union's information society chief said on Monday.

Stock futures pointed to a higher open on Monday as investors were hopeful banks will be able to raise any capital they may need as a result of findings in the government stress tests.

The World Health Organization reported on Monday that 985 cases of influenza A (H1N1) have been reported across twenty countries.

Stock index futures pointed to a higher open on Wall Street on Monday ahead of key housing data.

The global downturn could lead to unrest, more poverty and environmental challenges in Asia, regional leaders were warned on Monday, after they agreed on a $120 billion emergency fund to counter the crisis.

Fiat SpA's chief executive visits Berlin on Monday to try to convince Germany's political leaders to sign up to his vision for a new European car giant by letting him take over General Motors Corp's Opel unit.

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Teens sending nude or suggestive photos of themselves over their mobile phones are being warned -- sexting can damage your future.

American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company, the Wall Street Journal reported, citing people familiar with the matter.

American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company, the Wall Street Journal reported, citing people familiar with the matter.

Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and a further jump in Taiwanese shares on hopes for an influx of Chinese investment.

Talks between The Boston Globe and its unions to prevent the U.S. newspaper from shutting down stopped early Monday morning after a midnight deadline passed, and it was unclear when they would resume.

Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and on a further jump in Taiwanese shares on hopes for an influx of Chinese investment.

A Sunday midnight deadline to get concessions from The Boston Globe's unions to keep the U.S. newspaper alive passed without word from parent company New York Times Co or the unions.

Sprint Nextel Corp is in final negotiations to outsource management of its cellular network to Telefon AB LM Ericsson and transfer 5,000 to 7,000 U.S. employees to the equipment vendor, The Wall Street Journal reported, citing people familiar with the matter.

Sergio Marcionne, the chief executive of Fiat SpA, will unveil his plans on Monday to spin off the firm’s autos division and join it with GM Europe to create a new publicly traded European car company.Fiat chief seeks to combine Fiat Auto, GM Europe, Chrysler: report

With less than two hours to go before a midnight deadline, The Boston Globe and a key union have not agreed on concessions that parent company The New York Times Co says it needs to keep the newspaper alive.

The Asian Development Bank launched its annual meeting with donors on Monday, a day after the region announced its first independent liquidity facility, a $120 billion fund to counter the economic crisis.

Bank of America Corp is working on plans to raise more than $10 billion in fresh capital, even as it and Citigroup Inc launch last-ditch attempts to convince the U.S. government they do not need to bolster their balance sheets, the Financial Times reported.

Online currency trading platform FOREX.com launched in Europe on Monday, offering retail investors across the continent another way to trade in the $3.2 trillion a day market.