Shares of AIG, the beneficiary of a $180 billion U.S. government bailout, rose as much as 10 percent on Monday morning, extending strong gains last week, as the insurer returned to a profit in the second quarter, ending a six-quarter run of losses.
Recession is Ending, Rio's Toll, Nortel Dismantling
Dish Network Corp , the second largest U.S. satellite TV operator, posted a fall in quarterly profit, hurt in part by expenses tied to a litigation with TiVo Inc , but reported its first quarterly net subscriber rise in more than a year.
GMAC Inc on Monday said it will resume offering leases on select vehicles in most U.S. states, a year after curtailing the practice.
Indian authorities were inspecting a North Korean ship detained in the Bay of Bengal for nuclear material or fuel, officials said on Monday, the latest sign of the international noose tightening around the North.
New Zealand set itself a goal on Monday to cut carbon emissions by between 10 and 20 percent by 2020, holding off setting a hard target until a broader global climate pact now under negotiation takes shape.
Network security provider Fortinet Inc filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common stock.
The dollar held gains against the euro and a currency basket on Monday following a broad rally late last week on surprisingly strong U.S. jobs figures.
Barnes & Noble Inc said on Monday it plans to buy Barnes & Noble College Booksellers Inc for $596 million, reuniting the Barnes & Noble brand, and its shares jumped more than 12 percent.
Iran accused the West on Monday of meddling in its state affairs for criticizing its mass trial of moderates charged with spying and trying to topple the clerical establishment after the disputed president vote.
Oil prices edged above $71 a barrel on Monday, drawing some support from the possibility of the first tropical cyclone of the hurricane season, but gains were capped by prospects for a stronger dollar.
The worst U.S. recession since the Great Depression will probably end in the third quarter, but there is uncertainty over the speed and duration of the economic recovery, according to the most recent survey of private economists.
The ethanol industry called for requirements that all vehicles sold in the United States accept the renewable gasoline substitute as part of a push to slow global warming and provide jobs at home.
As makers from Tesla to Nissan Motor Co (7201.T) jockey to dominate the next generation electric-powered cars, a fight on which companies will control the lucrative market to fuel them is just getting started.
The worst U.S. recession since the Great Depression will probably end in the third quarter, but there is uncertainty over the speed and duration of the economic recovery, according to the most recent survey of private economists.
Dish Network Corp , the second largest U.S. satellite TV operator, on Monday posted a fall in quarterly profit, hurt in part by expenses tied to a litigation with TiVo Inc .
Dynegy Inc said it was selling some of its power plants to LS Power for $1.0 billion in cash as the U.S. power producer seeks to pay back debt and improve its liquidity position.
Stocks were poised for a lower open on Monday as investors looked set to book profits, ahead of a Federal Reserve Board meeting and earnings from some of the nation's largest retailers later this week.
Leaders of the United States, Mexico and Canada gather on Monday to present a united front to try to limit the spread of the H1N1 swine flu, but there is less unity on simmering trade issues.
U.S. stock index futures dipped on Monday as investors paused for profit-taking after a sharp run-up, ahead of key indicators on consumer spending due later this week.
The ethanol industry called for requirements that all vehicles sold in the United States accept the renewable gasoline substitute as part of a push to slow global warming and provide jobs at home.