UNITED STATES

Al Qaeda militants made a rare public appearance in restive south Yemen on Monday, telling an anti-government rally that the group's war was with the United States and not the Yemeni army, residents said.

The heavy snowstorm that swept the East Coast of the United States over the weekend may have cost retailers the potential for any upside to holiday sales, industry experts said on Monday.

U.S. pay czar Kenneth Feinberg yielded on Monday to pleas from American International Group to modify terms for a top employee the embattled insurer said was vital to its regaining stability.

The Aussie failed to hold on to the 89 cent level in early morning trade yesterday declining steadily throughout the Asian session to enter offshore exchange around 0.8840 against the Greenback.

Stocks rose on Monday, with the Nasdaq hitting a 15-month high after a healthcare reform bill advanced in the Senate and brokerages upgraded two Dow components on improving profit prospects.

A push by U.S. automakers to build more fuel efficient vehicles is playing to a strength of Canada's auto parts makers and positions them to pick up market share as the industry emerges from recession.

The US health care bill is expected to pass in a final Senate vote at 7 p.m. on Christmas Eve after the 60-40 Senate vote to end the debate early Monday morning.

Heating oil differentials in the New York Harbor moved up slightly despite a National Weather Service report showing that heating demand will be below normal during the coming week.

U.S. pay czar Kenneth Feinberg yielded on Monday to pleas from American International Group to modify terms for a top employee the embattled insurer said was vital to its regaining stability.

Shooter Bill Simmons wrote me: “…If things continue to muddle along into the progressively improving future as they always have in the grand scheme of things…”

President Barack Obama on Monday heralded a U.S. Senate vote that moved a bill on his signature healthcare reform closer to passage and congratulated lawmakers for defying special interests.

U.S. stocks climbed on Monday, with the S&P 500 and Nasdaq eyeing new year highs, lifted by the healthcare sector after a Senate bill advanced that omitted some provisions opposed by the industry.

Three more media companies, including broadcaster Citadel Broadcasting , have filed for bankruptcy, brought low by the drop in advertising revenue and crushing debt loads.

Citigroup (C.N) said it was not seeking buyers for EMI LNDONE.UL, the British music group whose owners, Terra Firma TERA.UL, are suing the U.S. bank for billions of dollars in damages relating to its 2007 buyout.

What's Christmas without a little indulgence and a lot of guilt, with a global survey showing two in three people occasionally treat themselves to a luxury purchase, but a third then feel bad about it.

Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi asserted their innocence on Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest hedge fund insider trading case ever.

H.J. Heinz Co sees a long-lasting consumer shift to thrift and must carefully balance its business strategy in response, the ketchup maker's chief executive said on Monday.

European carbon prices crashed by almost 9 percent on Monday after UN climate talks ended on Saturday with a bare-minimum agreement between after the U.S., China and a few other emerging powers that falls far short of the conference's original goals.

Behind the scenes negotiating by major economies in Copenhagen to agree a climate accord may be a model for how to

The World Trade Organization set up a panel on Monday to rule on complaints by the United States, European Union and Mexico about Chinese curbs on exports of raw materials important to their own industries.

Serious delinquencies among U.S. prime mortgages rose nearly 20 percent in the third quarter from the prior quarter, as the percentage of current and performing mortgages fell for the sixth consecutive quarter, banking regulators said on Monday.