Reuters
NEW YORK (Reuters) – U.S. stocks rose on Monday after an upbeat outlook from FedEx and solid home sales data cheered investors, helping the S&P; 500 hold above a key resistance level. Full Story »
Reuters NEW YORK (Reuters) - FedEx Corp raised its outlook on Monday due to a surge in the number of packages flowing through its air and ground networks, boosting its shares and the broader market. Full Story »
LONDON (Reuters) - Of two potential suitors for biotech Genzyme , industry insiders say Sanofi-Aventis is a far more likely buyer than GlaxoSmithKline , which already has a presence in rare diseases. Full Story »
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 »
BEIJING - China's Cabinet promised private investors a bigger role in industries from oil drilling to finance, apparently responding to complaints that state companies were boosted by Beijing's huge stimulus while private enterprise withered in the global crisis. Full Story »
DALLAS - Newspaper publisher A.H. Belo Corp., which owns The Dallas Morning News, The Providence Journal and other papers, said Monday its second-quarter loss was smaller this year than last, even as its advertising revenue continued to decline. Full Story »
AP PARIS - The heiress to the L'Oreal cosmetics fortune was questioned Monday by French investigators in a probe into her finances that has embroiled President Nicolas Sarkozy's government. Full Story »
WASHINGTON - Federal regulators have banned eight individuals and companies from selling mortgage-relief services, settling charges that they used false advertising to deceive homeowners facing foreclosure. Full Story »
AFP/File PARIS (AFP) - The world's top central bankers and regulators said Monday they had reached broad agreement on new standards to make sure the banking system could face any new financial crisis with confidence. 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 »
WASHINGTON - New US home sales at second-slowest pace on record in June as demand for housing slumps. Full Story »
AP NEW YORK - Drivers across the country woke up to higher prices at the gas pump on Monday, as retail gasoline rose overnight. Full Story »
WASHINGTON - Thousands of small charities in danger of losing their tax exempt status because they missed a tax filing deadline were given a reprieve Monday by the Internal Revenue Service. Full Story »
AP CAMARILLO, Calif. - A survey says the average price of regular gasoline in the United States has gone up in the last two weeks, but by less than a cent. Full Story »
The Afghan government said Monday that 52 civilians, including women and children, died when a NATO rocket struck a village in southern Afghanistan last week — a report disputed by the international coalition. Full Story »
Owners of the iPhone will be able to legally unlock their devices so they can run software applications that haven't been approved by Apple Inc., according to new government rules announced Monday. Full Story »
Scientists behind the European particle collider aimed at uncovering the secrets of the universe pushed Monday to build an even bigger machine — with money and partners from around the world. Full Story »
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