IBT Staff Reporter

Internet social media company Facebook plans to allow outside developers access to core parts of the website so they can build new services, a person familiar with the situation said.

Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain on fears of a global flu pandemic that could give the world economy another knock.

Fears of a global swine flu pandemic grew with new infections in the United States and Canada on Sunday, and millions of Mexicans

Qualcomm Inc agreed to pay Broadcom Corp $891 million over four years as part of an overall settlement on Sunday that ends all litigation between the two companies.

The Northern state of Somalia has jailed nine Somali pirates for 15 to 20 years by a court in the breakaway northern state of Somaliland, an official said on Sunday, the AFP reported.

General Motors Corp is set to announce on Monday an accelerated restructuring that would close additional plants and pave the way for a debt exchange by the struggling automaker, sources briefed on the plan said on Sunday.

The Swine flu that hit Mexico has now hit the U.S. and there are more than 20 reported cases.

Android is coming to a netbook sooner than expected.

Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.

Corrects first paragraph to clarify that the disease is not yet a pandemic and market is moving on fears of it reaching pandemic proportions

Microsoft will debut its first public release of Windows 7 and said the first release candidate will be made available to the public on May 5, the company said.

Oil prices fell over 2 percent toward $50 a barrel on Monday, paring some of the previous session's near 4 percent gain, on fears of a global flu pandemic after an outbreak of swine flu in Mexico.

The United Auto Workers said on Sunday the union had reached agreement with Chrysler LLC, Italian automaker Fiat SpA and the U.S. government on concessions to its 2007 contract and healthcare trust.

Oil prices retreated below $51 a barrel on Monday, giving back some of the previous session's near 4 percent gain, on risk aversion following a deadly swine flu pandemic emerging from Mexico.

There has been some progress in U.S. government-driven negotiations to save Chrysler LLC, according to a senior White House official, who on Sunday also did not rule out an attempt to complete the company's restructuring in bankruptcy.

The current global crisis is an obstacle in the fight against poverty and is threatening to reverse any gains on the fight against poverty.

U.S. stocks may run into some turbulence this week as the impending release of bank stress test results, a Federal Reserve meeting and a flood of earnings will give investors some reasons for caution.

The Obama administration has assured Switzerland that it understands the importance of resolving Swiss concerns over a legal case involving Swiss bank UBS, a U.S. Treasury official said on the weekend.

With just days to go for Chrysler LLC to reach agreements to cut labor and debt costs or face bankruptcy, members of Michigan's Democratic congressional delegation said on Saturday the onus was now on the U.S. automaker's creditors to make concessions.

Several potential bidders are interested in buying Harbinger Capital Partners's 20 percent stake in The New York Times Co, The Wall Street Journal reported on Saturday.

Switzerland, under pressure to join a global crackdown on tax fraud, asked the United States Saturday to drop a legal case involving UBS bank in return for a new tax accord the two countries are about to negotiate.

The United Auto Workers union is holding weekend negotiations with Chrysler LLC as the struggling U.S. automaker races toward a month-end deadline to clinch concessionary deals with its union and creditors.

Citigroup Inc plans to sell Nikko Asset Management Co separately, not bundled with Nikko Cordial Securities Inc as previously speculated, the Nikkei financial daily reported.

The Emir of Qatar plans to buy a stake in Porsche, possibly shoring up the German sports-car maker's strained finances, a German magazine reported.

Swiss President Hans-Rudolf Merz asked U.S. Treasury Secretary Timothy Geithner on Saturday to drop a legal case involving clients of UBS bank in return for a new tax accord the two countries are about to negotiate.

Yahoo Inc's communications head Brad Williams has left the company, the Wall Street Journal reported on Saturday, citing sources familiar with the matter.

President Barack Obama unveiled new steps on Saturday to restore U.S. fiscal discipline, including support for legislation that would require Congress to pay for any new programs by raising taxes or cutting other expenditures.

German Economy Minister Karl-Theodor zu Guttenberg said on Saturday Austrian-Canadian auto parts supplier Magna is a potential investor in General Motors' struggling German unit Opel.

Forget the goody bags. Many shareholders accustomed to grabbing free food and gifts at U.S. corporate annual meetings are going home empty-handed.