(Reuters) - Dell Inc and China's top search engine Baidu Inc plan to jointly develop tablet computers and mobile phones, targeting the Chinese market dominated by Apple Inc and Lenovo. China is one of the fastest growing markets for tablets and is home to more than 900 million mobile phone subscribers, but analysts were skeptical that the partnership would unseat Apple as the dominant force in the market.

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LONDON (Reuters)- European stocks shed 3 percent on Monday and the euro sank against the dollar as markets weighed a risk-heavy outlook for the euro zone, dominated by peripheral debt concerns and political uncertainty in Germany. Worries about public deficits in Greece and Italy and a regional election rout for Germany's ruling party cast fresh doubt on the euro zone's ability to tackle its debt crisis, extending Friday's selloff.

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(Reuters) - Japanization is shorthand for slouching toward that country's noxious mix of low growth and high debt. Euro zone governments will find it tough to keep the ugly new word out of their lexicon. Concern is mounting over a deterioration in Europe's long-term growth prospects that, unaddressed, will make it even harder to tackle the banking and debt problems underlying the current life-or-death struggle over the euro.

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(Reuters) - Deutsche Telekom AG (DTEGn.DE) could miss out on a multi-billion dollar break fee if regulatory hurdles cause the failure of its $39 billion deal to sell T-Mobile USA to AT&T (T.N), a person familiar with the matter said. "There are a number of options under which the (break fee) contract will not come into effect," the person, who is familiar with the contract, told Reuters on Monday. Deutsche Telekom declined comment.

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(Reuters) - Europe's sovereign debt crisis will stunt bank profit for years and could kill off the weakest, Deutsche Bank (DBKGn.DE) chief executive Josef Ackermann told industry bosses, amid intense scrutiny of the sector's finances. "Prospects for the financial sector overall ... are rather limited," the CEO of Germany's top bank said on Monday. "The outlook for the future growth of revenues is limited by both the current situation and structurally."

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(Reuters) - Switzerland must solve a dispute with the United States over wealthy citizens using secret Swiss accounts to dodge taxes under existing laws and should continue to protect bank secrecy, the Swiss Bankers Association head said on Monday. The association's president, Patrick Odier, made the comments after newspapers reported on Sunday the United States had given an ultimatum to Switzerland, saying Credit Suisse and nine other banks could face charges unless detailed information on U.S. tax evaders using Swiss accounts was handed over this week.

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(Reuters) - Honda Motor Co (7267.T) said on Monday it would recall about 960,000 Fit subcompacts and other models globally to repair defects including malfunctioning power window switches. No accidents have been reported due to the defects, a Honda spokesman in Tokyo said.

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(Reuters) - It's been a rough summer for U.S. initial public offerings after the stock market nosedived, but tech issues could see strong demand after bankers and fund managers return from vacation in September. The growth promised by tech companies is dramatic and such growth is hard to come by as fears about a European debt crisis and a faltering U.S. recovery persist.

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(Reuters) - Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of future retirees. At the heart of their problems is a steady move by pension plans in the United States, euro zone, Japan and the UK to cut exposure to risk after the financial crisis.

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(Reuters) - Wall Street stocks tumbled on Friday, with major indexes falling as much as 2 percent as data showed U.S. jobs growth flatlined in August, exacerbating worries the economy is faltering. Nonfarm payrolls generated no new jobs last month as sagging consumer confidence discouraged already skittish businesses from hiring, keeping pressure on the U.S. Federal Reserve to provide more monetary stimulus to the economy.

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