Reuters
NEW YORK (Reuters) – Wall Street enters this week on the cusp of a breakout in U.S. stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of last week. Full Story »
PARIS (Reuters) - EU tests of banks' ability to withstand financial shocks, criticized as too easy after only 7 out of 91 failed, face their own stress test in the markets on Monday with early signs pointing to a more positive response. Full Story »
DUBAI (Reuters) - The BlackBerry, made by Canada's Research In Motion , is open to misuse that poses security risks to the United Arab Emirates, which said on Sunday it would seek to safeguard its consumers and laws. Full Story »
A look at economic developments and activity in major stock markets around the world Friday: Full Story »
NEW YORK - Moody's Investors Service said Friday that it has placed Amphenol Corp.'s credit rating on review for a possible upgrade due to the electric cable maker's relatively quick recovery from the recession. Full Story »
AFP/File NEW DELHI (AFP) - India's biggest carmaker Maruti Suzuki reported Saturday quarterly net profit fell by a surprise 20 percent as the company was pummelled by a surge in raw material costs. Full Story »
AP VATICAN CITY - The pope has granted broad powers to the archbishop he selected to overhaul the Legionaries of Christ following revelations that the order's founder led a double life. Full Story »
Recent Capitol Hill rhetoric about greedy lenders and a Wall Street run amok implies all mortgage lenders are thieves and scoundrels. Full Story »
DDP/AFP/File LONDON (AFP) - Europe sighed with relief Saturday after all but a handful of the continent's banks passed financial stress tests, but analysts warned that the exams might not be tough enough to restore confidence in the sector. Full Story »
NEW YORK - Wal-Mart Stores Inc. is putting electronic identification tags on men's clothing like jeans starting Aug. 1 as the world's largest retailer tries to gain more control of its inventory. But the move is raising eyebrows among privacy experts. Full Story »
NEW YORK - Ratings companies Fitch Ratings and Standard & Poor's placed AmeriCredit Corp. on rating watches Friday, one day after General Motors said it would acquire the subprime auto lender. Full Story »
AP NEW ORLEANS - Gaffe-prone BP Chief Executive Tony Hayward — who incensed many on the Gulf Coast by saying he wanted his life back as they struggled with the fallout from the company's massive oil spill — will be replaced, a senior U.S. government official said Sunday. Full Story »
PHILADELPHIA (Reuters) - New Jersey Governor Chris Christie on Friday vetoed three bills that would have provided tax credits to homebuyers and funded health services, citing the combined $132 million cost as the state struggles to close an $11 billion budget shortfall in the current year. Full Story »
AP NEW YORK - The auto industry calls it range anxiety: Drivers want electric cars but worry they won't have enough juice to make long trips. After all, what good is going green if you get stranded with a dead battery? Full Story »
The Taliban have offered to exchange the body of a U.S. Navy sailor they said was killed in an ambush two days ago in exchange for insurgent prisoners, an Afghan official said Sunday. Full Story »
Two years ago, the Federal Communications Commission stumbled as it tried to create a nationwide wireless broadband network for police officers, firefighters and emergency medical workers, delaying the construction of what everyone agrees is an urgently needed system. Full Story »
Federal environmental officials are trying to decide how extensively to clean up cancer-causing agents in the Housatonic (hoos-uh-TAH'-nihk) River in Massachusetts and Connecticut. Full Story »
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