IBT Staff Reporter

Exploiting worries over the swine flu outbreak, spammers flooded the Internet on Monday with millions of e-mails peddling counterfeit drugs as remedies and seeking to steal credit card data, a security firm said.

Stocks fell on Monday as concerns that a possible global flu outbreak could dampen optimism about the economy overshadowed a cost-cutting plan from General Motors Corp and gains in biotechnology stocks.

Four men jailed for breaching copyright in connection with Pirate Bay, one of the world's largest free file-sharing websites, should be given a new trial because the judge was biased, a court heard Monday.

College seniors graduating this spring face one of the worst job markets in years, a sharp turnaround from plentiful options a few years ago for graduates.

Specialty glass maker Corning Inc posted a better-than-expected quarterly profit, boosted by cost cutting and improving demand for glass for flat screen televisions and computer monitors.

A college diploma has long been the ticket to a good job, but the deepest economic slump in decades has dampened the dreams of many U.S. college seniors.

Kazakhstan is by far the largest of the Central Asia's states of the former USSR. It has borders with Russia, China, and the Central Asian countries of Kyrgyzstan, Uzbekistan, and Turkmenistan. It is the world's ninth biggest country by size, and it is more than twice the size of the other Central Asian states combined. Its lack of significant historical sites and endless featureless steppe have...

Oil prices fell 4 percent on Monday on worries a flu outbreak in Mexico could become a pandemic and hurt the global economy and air travel.

U.S. automaker Chrysler LLC showed signs of progress with its unionized workers in its battle to stay alive on Sunday with just days left to complete deals to slash labor and debt costs or face bankruptcy.

Whirlpool Corp reported a surprise quarterly profit on Monday as cost-cutting efforts helped the world's biggest appliance maker weather a slump in global sales, and it backed its 2009 profit forecast.

Verizon Communications Inc posted a higher-than-expected quarterly profit due to growth in cell phone customers, solidifying its market leadership following the acquisition of smaller rival Alltel.

In the dungeons of Zul'Gurub frequented by online game enthusiasts, a giant winged serpent called Hakkar the Soulflayer may offer important clues to epidemiologists trying to predict the impact of a pandemic.

Conde Nast is closing its Portfolio business magazine two years after it launched, making it the latest casualty of a dearth of ad spending afflicting the entire publishing business.

Verizon Communications Inc posted a higher-than-expected quarterly profit due to growth in cellphone customers, solidifying its market leadership following the acquisition of smaller rival Alltel.

Companies that track consumer behavior on the Web for targeted advertising without proper consent are near their last chance to self-regulate, the head of the U.S. Federal Trade Commission said on Monday.

Oil prices fell 1.5 percent on Monday on worries a flu outbreak in Mexico could become a pandemic, hurting the global economy and hindering air travel.

General Motors Corp. unveiled its restructuring plan on Monday, which may help it avoid filing for bankruptcy protection, focusing on new product developments including a confirmation of current development plans for its highly anticipated electric vehicle, the Chevy Volt.

Stocks edged up on Monday as a cost-cutting plan from General Motors Corp and a rebound in technology stocks offset fears that a possible global flu outbreak could delay an economic recovery.

By being long of GS and short an equal amount of MS, you eliminate the broad market and focus on the difference between the firms. Following this strategy in my weekly newsletter EPIC Insights, I recommend a long position in GS and a short position in MS as this week’s fundamental trade.

Secretary of State Hillary Clinton vowed on Sunday that the United States would never sell out Lebanon in any deal with Syria and she urged the Lebanese to hold an open and fair election in June.

The S&P 500 and Nasdaq briefly turned lower on Monday, and the Dow Jones industrial average pared gains, after the World Health Organization commented on the swine flu outbreak.

As the world grapples with the worst economic downturn in decades and the possibility of a flu pandemic, a growing body of research suggests the complexity of the modern global economy may make us more vulnerable than ever to catastrophe.

Cell phone chip supplier Qualcomm Inc raised its full-year revenue target after quarterly revenue beat expectations, saying global demand for advanced phones was strong, especially in Europe and China.

HSBC Private Equity and Actis Capital LLP are preparing rival bids for a stake in Franklin Offshore International, sources said on Monday, as struggling private equity firm 3i Group Plc seeks to sell its majority stake in the oil services company.

The chairman of Fortis is optimistic investors will back a deal to sell assets to France's BNP Paribas, even without the support of Fortis's largest shareholder, he said on Monday.

Specialty glass maker Corning Inc posted better-than-expected quarterly profit, boosted by cost cutting and improving demand for glass for flat screen televisions and computer monitors.

General Motors Corp. said Monday it would cut its factory workforce by 21,000 by end of 2010 and seek to do a debt for equity swap with government for more than half of its government debt as part of its restructuring plan.

Stocks recovered ground to turn positive on Monday as investors scooped up shares of defensive stocks in the wake of anxiety that a possible global flu outbreak could further hamper the world economy.

A continent that has battled deadly viruses such as the H5N1 bird flu and SARS in recent years, has been taking steps to ward off the new swine flu virus.