America Movil posts 51 percent rise in quarterly net

America Movil, the largest cellphone operator in Latin America, posted a 51 percent rise in third-quarter net profit on Monday due to a pickup in new subscribers and lower financing costs.

SEC, Homeland Security need Web backup, GAO says

Securities exchanges have a sound network back-up if a severe pandemic keeps people home and clogging the Internet, but the Homeland Security Department has done little planning, Congressional investigators said on Monday.

Three ex-Marsh execs acquitted in bid-rigging case

Three former Marsh Inc executives were acquitted on Monday of criminal charges in a bid-rigging and price-fixing scheme in which they were accused of colluding to steer clients to favored insurers.

Hot Mormon muffins make fun of Mormon stereotypes (VIDEO)

A calendar released featuring twelve mothers who are members of the Church of Jesus Christ of Latter-day Saints in vintage pinup picture poses is the latest tool to make fun of the Church.

Winn-Dixie quarterly loss widens; shares fall

Winn-Dixie Stores Inc <WINN.O> posted a wider quarterly loss and gave a weak 2010 outlook as recession-hit consumers shopped for lesser number of items on every visit to its stores, sending the supermarket chain's shares down 13 percent.

SEC eyes volatility in high-frequency trading

U.S. regulators looking into high-frequency trading have asked the industry if institutions are flocking to so-called dark pools and increasing market volatility, sources familiar with the SEC's line of questioning said on Monday.

Iraq renews call for U.N. probe after Baghdad bombings

Iraq renewed calls on Monday for a U.N. inquiry into the support given by foreign countries to insurgents after twin suicide blasts against government buildings in Baghdad killed more than 150 people.

IBM taps Boeing chief for its board

IBM said on Monday that James McNerney, chairman and chief executive of plane maker Boeing Co, was elected to its board.

Winn-Dixie Q1 loss widens, cuts FY10 EBITDA view

Supermarket chain Winn-Dixie Stores Inc <WINN.O> posted a wider quarterly loss, hurt by consumers shifting toward generic pharmaceuticals and the absence of storm-related sales, and cut its 2010 EBITDA outlook, sending its shares down 13 percent after the bell.

America Movil posts 51 pct rise in quarterly net

America Movil, the largest cellphone operator in Latin America, posted a 51 percent rise in third-quarter net profit on Monday due to a pickup in new subscribers and lower financing costs

Examiner to be appointed for Lyondell-judge

The judge overseeing the bankruptcy of chemicals maker Lyondell Chemical Co approved a motion to appoint an examiner to review a portion of the company's reorganization."

Wall Street sinks on home builder fears, financials

U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears lawmakers may let a federal home buyer tax credit expire, while commodity shares succumbed to pressure from the higher U.S. dollar.