Reuters
NEW YORK (Reuters) – U.S. stocks slipped in one of the lightest volume sessions of the year on Monday as investors took refuge in defensive shares after the latest corporate M&A; failed to soothe concerns the recovery is stalling. Full Story »
SAN FRANCISCO (Reuters) - Borders Group Inc said on Monday that chief financial officer Mark Bierley had resigned to take another job, the latest personnel move to hit the brick-and-mortar bookseller, which is trying to turn around its business. Full Story »
NEW YORK (Reuters) - Amid the United States housing market's faltering recovery, investors are bracing for more bad news from Toll Brothers Inc and for housing in general when the biggest luxury builder reports quarterly earnings on Wednesday. Full Story »
TORONTO (Reuters) - Toronto's main stock index dipped into negative territory on Monday as declining gold mining issues outweighed optimism for several big corporate merger deals. Full Story »
BEIJING (Reuters) - China is unlikely to raise interest rates soon and is more likely to cut than raise banks' required reserves as Beijing aims to prevent a further slowdown in economic growth, former central bank adviser Li Yang said in remarks published on Monday. Full Story »
NEW YORK - • Chinese advertising company Focus Media Holding Ltd. reported a second-quarter net income on Monday, up from a loss a year earlier thanks a "broad-based" recovery in the advertising market. Full Story »
AFP/File LONDON (AFP) - European stocks rose on Monday as Australia's inconclusive election result boosted heavyweight miners, dealers said. Full Story »
NEW YORK (Reuters) - A mortgage servicing company's claims that would push responsibility for faulty mortgage loans onto Wall Street titan Morgan Stanley were dismissed by a Delaware court, according to a court filing. Full Story »
Reuters KUALA LUMPUR, Malaysia - Oil prices hovered below $74 a barrel Monday in Asia as uncertainty about the global economy's prospects outweighed possible production disruptions in the Gulf of Mexico due to hurricane season. Full Story »
NEW YORK - Luxury retailer Barneys New York has named Mark Lee, the former head of Gucci, as its new CEO. Full Story »
Workers are increasingly tapping their retirement accounts early to prevent foreclosure or eviction, pay for college, and purchase a home. The percentage of 401(k) participants taking loans and hardship withdrawals has jumped significantly over the past year. Full Story »
AP HOUSTON - Federal investigators seeking the cause of the rig explosion that led to BP's massive Gulf oil spill focused Monday on communication and chain of command, wondering at times whether the key players knew enough to handle an emergency. Full Story »
ST. PAUL, Minn. - Shoppers would pay new sales taxes on clothing. Drinkers and smokers would plunk down more money, too. And school districts would see longer waits for promised state aid, while other state programs would face fresh cuts. Full Story »
Reuters TOLEDO, Ohio (Reuters) - Chrysler CEO Sergio Marchionne said on Monday it will be "difficult" for the automaker to turn a net profit for the full year 2010. Full Story »
It looked like a hostage rescue in slow motion: Police creeping up on the bus with sledgehammers and smashing first one window, then another, then trying and failing to rip open the door. Full Story »
The world's two biggest personal computer makers are locked in a pricey struggle over which can move away from the PC business the fastest. Full Story »
Scientists plan to monitor corals in the Northwestern Hawaiian Islands next month for signs of bleaching that could harm the reefs. Full Story »
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