Reuters
NEW YORK (Reuters) – Stocks fell on Monday as a statement from President Barack Obama fell short of addressing worries the recovery is faltering, while investors looked ahead with caution to important economic data coming this week. Full Story »
AP WASHINGTON (Reuters) - Consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes that offered hope consumers will be able to keep contributing to a modest economic recovery. Full Story »
NEW DELHI (Reuters) - BlackBerry maker Research In Motion will give India access to secure data from Sept 1, a government source said on Monday as the country pushes RIM, Google and Skype to set up servers in India due to its security concerns. Full Story »
BERNANKE BOOST: Assurances from Ben Bernanke that the central bank was ready to help boost the economy sent shares sharply higher. Major indexes closed up about 1.7 percent. Full Story »
LONDON - Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August, the European Commission said Monday. Full Story »
NEW YORK - Liquor company Brown-Forman Corp., whose brands include Jack Daniel's Tennessee Whiskey and Southern Comfort, reports its first-quarter results before the stock market opens Wednesday. Full Story »
AP ROME - Premier Silvio Berlusconi held talks with Moammar Gadhafi on Monday aimed at promoting the two nations' economic ties, but public attention remained focused on the Libyan leader's efforts to persuade Italians to convert to Islam. Full Story »
The recent pullback in the stock market has many investors running for cover. Meanwhile, fear of an imminent double-dip recession and concerns about renewed pressure in the housing market has pushed bond prices to historic highs, reducing bond yields and creating an income crunch for savers. Throughout 2010, billions of dollars have gone into bond mutual funds, and the trend shows no sign of reversing anytime soon. Full Story »
AP ATHENS, Greece - The international bond markets will likely wait until the end of the year before passing judgment on Greece's efforts to overhaul its economy and pull itself out of a debt crisis that nearly led to the country's bankruptcy earlier this year, the finance minister said Monday. Full Story »
AFP/File MADRID (AFP) - Europe's largest clothing retailer, Spain's Inditex, is taking its flagship Zara brand online, but it can expect stiff competition from other giants of high-street fashion already well-established in cyberspace. Full Story »
Reuters WASHINGTON (Reuters) - The Obama administration has not decided whether it should resurrect a popular tax credit for first-time homebuyers, Housing and Urban Development Secretary Shaun Donovan said on Sunday. Full Story »
WASHINGTON - The equipment failures blamed for the Gulf oil spill might have been detected if the owners of the Deepwater Horizon continued to have the rig's drilling equipment verified by independent experts — something federal regulators mistakenly thought was happening offshore. Full Story »
States with a highly educated populace and higher taxes on cigarettes have fewer smokers, according to a new Gallup study of poll data. Full Story »
AP DETROIT - Chrysler on Monday told 400 dealers about its plans to bring the Fiat brand back to the U.S. after a 30-year absence, starting with the Fiat 500 minicar later this year. Full Story »
A gunman went on a rampage in Slovakia's capital on Monday, killing seven people and wounding 15, then committed suicide, officials said. Full Story »
For a decade, West Africa's main connection to the Internet has been a single fiber-optic cable in the Atlantic, a tenuous and expensive link for one of the poorest areas of the planet. Full Story »
Scientists reviewing the acclaimed but beleaguered international climate change panel called Monday for major changes in the way it's run, but stopped short of calling for the ouster of the current leader. Full Story »
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