IBT Staff Reporter

Mortgage lender Thornburg Mortgage Inc said on Monday it sold $20.5 billion of assets and reduced its borrowings to cut its risk amid a difficult market for home loans.

They've become as much a symbol of Africa's landscape as the stereotypical lions and plains

Mankind's response to climate change will shift how the world gets its energy and is already making green barons out of early investors in renewable energy, clean technologies and carbon trading.

Upcoming deals such as Sirius Satellite Radio's planned takeover of XM Satellite Radio could be helped by a court decision in favor of a takeover deal between two organic food retailers.

SunTrust Banks Inc., the seventh-largest U.S. bank, on Monday said it expects to eliminate about 2,400 jobs by the end of 2008 as part of a plan designed to save $530 million annually by 2009.

Investors boosted stocks and moved back into other riskier assets on Monday as immediate fears of a credit crunch waned following the Federal Reserve's confidence-building move last week.

Policymakers and investors breathed a sigh of relief on Monday as Federal Reserve action brought calm to shaken financial markets, but experts said it was too soon to discount a global credit crisis.

Asian companies will have a tough time raising funds and face weaker export demand if the global credit squeeze persists and a deteriorating U.S. housing market crimps consumer spending.

Dell Inc's disclosure that executives routinely adjusted accounts to meet financial goals raises questions about the role of founder Michael Dell.

Google Inc revealed on Monday that it had acquired a stake in Chinese community Web site Tianya.cn, indicating a foray by the global search leader into social networking in the world's second-largest Internet market.

OMX Chairman Urban Backstrom said Borse Dubai's all-cash bid was not more attractive than Nasdaq's share-and-cash bid and called it hostile, newspapers reported on Monday.

Nasdaq is abandoning its 797 million pound ($1.58 billion) stake in the London Stock Exchange, five months after its takeover bid failed, as it focuses on buying Nordic exchange operator OMX. Nasdaq Stock Market Inc, which needs overseas acquisitions to gain an international foothold, is locked in a $4 billion bidding war with Borse Dubai for OMX.

HSBC Holdings Plc said on Monday it was in talks to buy a majority stake in Korea Exchange Bank (KEB) worth $4.8 billion from Lone Star, the latest chapter in a lengthy financial and judicial saga.

U.S. index futures pointed to a firmer start on Wall Street on Monday, building on gains in the previous session after the Federal Reserve cut the discount rate it charges banks, and with little scheduled news on the agenda.

U.S. antitrust regulators appealed a court ruling on Friday which denied their request to block the largest natural grocer, Whole Foods Market Inc., from acquiring its closest rival, Wild Oats Markets Inc.

Dendreon Corp. (Nasdaq: DNDN) said its breast cancer vaccine Neuvenge appeared to be safe, according to results of an initial study.

Pfizer’s effort to extend the patent for its best-selling cholesterol-reducing drug Lipitor an additional 15 months into 2011 has been dealt preliminary setback.

The Federal Reserve came to the stock market's rescue on Friday but unless credit markets remain stable next week, the salvation may prove little more than a brief respite from its late summer sell-off.

Just 10 days after reiterating that inflation was its main concern, the U.S. Federal Reserve's policy-setting panel made a 180-degree turn on Friday, laying the groundwork for an interest rate cut as early as next month.

Clients are urged to sell shares and build up cash until stock markets settle and low prices opportunities emerge.

Darthmouth tops a list of 50 schools, but can you find better value elsewhere?

The stock market is swinging but there are no signs the rich are buckling their Pradas.

The top executive at General Motors Corp said on Friday that U.S. consumers appeared to be holding up well despite the recent credit crisis that roiled world markets and prompted the U.S. central bank to cut rates.

U.S. consumer sentiment deteriorated in August to its weakest in a year as more expensive oil, declining home prices and turmoil in financial markets all hurt confidence.

A U.S. Appeals Court on Friday reversed a lower court decision and allowed a class-action lawsuit against Cingular Wireless to go ahead.

Retailer Toys R Us on Friday said it removed all Hamco Inc.'s vinyl baby bibs, which were made in China, from its shelves as a precaution after an independent tester found two samples of bibs containing excessive amounts of lead.

Dow Jones & Co Inc Chief Executive Richard Zannino said on Friday that a worsening credit market likely would force the company to pay more to refinance debt.

The stock market is swinging like a pendulum and the credit market is getting tighter than a drum but there are no signs the rich are buckling their Pradas to hold onto their bucks.

Countrywide Financial Corp shares leaped higher on Friday after the U.S. Federal Reserve lowered a key borrowing rate, making it easier for lenders to obtain credit.