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Germany upbeat on prospects for Opel talks this week

The German government has seen encouraging signals in recent days in negotiations to take over Opel and has positive expectations for talks this week, a government spokesman said on Monday.

Microsoft's Bing gains another 1 percent of U.S. search

Microsoft increased its share of the U.S. Internet search market by another 1 percentage point in July, taking its combined share with new search partner Yahoo to 20.36 percent, according to data released on Monday.

Microsoft's Bing gains another 1 pct of US search

Germany, GM to meet Opel bidders Tues: government sources

German government officials and General Motors representatives will meet the remaining bidders for Opel on Tuesday to work on forging a deal on who takes over the GM unit, government sources said on Monday. Two rounds of talks are planned, one with Canadian auto parts supplier Magna and one with RHJ International , a Belgium-based financial investor that traces its or...

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Stock futures signal gains; car sales data eyed

Stock index futures pointed to a higher open on Wall Street on Monday, tracking gains in Asia and Europe on mounting hopes that the global recession is abating.

Banks and China lift equities to 2009 high

World stocks climbed to a new 2009 high on Monday with banking news from Europe generally positive and signs of a pick up in Chinese economic activity lifting Asian shares.

Upbeat China data lifts stocks, dollar battered

Asian stocks crawled up to an 11-month high on Monday as Chinese shares cheered more signs of economic activity picking up speed, giving a boost to oil and copper prices while hurting the safe-haven U.S. dollar.

UBS shares seen rallying after U.S. tax deal

Shares in UBS are expected to rise on Monday after reports the bank would not have to pay a fine as part of the settlement of a tax dispute with the United States that is to be finalized later this week.

Asia recovery lifts stocks, hits dollar

Asian stocks inched up to an 11-month high on Monday on mounting evidence that the global economic recovery is picking up speed, giving a boost to oil and copper prices while hurting the safe-haven U.S. dollar.

Nikkei eases after 10-mth closing high, banks climb

Japan's Nikkei average inched down 0.1 percent on Monday, with investors cautious ahead of more corporate earnings reports, but banks rose after Mitsubishi UFJ Financial Group posted its first profit in three quarters.

Survey shows Goldman's reputation damaged: report

Investment bank Goldman Sachs' reputation among both the general public and financially sophisticated Americans has been damaged by the events of the past year, the Financial Times reported on Sunday, citing research conducted for the paper.

Phelps wins 5th Gold of Swimming Championships in Relay

The records fell like dominoes at the swimming championships in Rome this year, as Michael Phelps of the U.S. added to his already gilded career with five gold medals, the most at the competition.

Daily Wrap Up - August 2

'Clunkers' Hope, Housing's Double Dip? Stocks Watch

Clunker trade-ins to boost July auto sales

The punishing four-year decline in U.S. auto sales may have reached a turning point this week -- just as Michael Papa handed over the keys to his 1996 Ford Explorer for a government-sponsored trade-in.

Ford to post U.S. sales rise in July from year-ago

Ford Motor Co will report its U.S. sales for July rose from a year ago on a late-month surge under the federal government's Cash for Clunkers incentive program, senior U.S. executives said on Sunday.

Obama officials eye more jobless aid, weigh taxes

Top U.S. officials said on Sunday it may be necessary to extend jobless benefits to firm up an economic recovery unlikely to create jobs until next year and declined to rule out future tax increases to tame massive budget deficits.

Remains of first U.S. Gulf War casualty found

The remains of a U.S. Navy pilot have been found and positively identified, more than 18 years after he was shot down over Iraq and became the first U.S. casualty of the first Gulf War, the U.S. Defense Department said on Sunday.

The summer blues: What's a U.S. president to do?

It's as certain as death and taxes. Presidents have periods of popularity and then periods of not so much.

S&P eyes 1,000; could be ripe for retreat

Wall Street may have momentum on its side this week as the S&P 500 tries to puncture the 1,000 level, but the rally's staying power will depend on whether U.S. data and corporate earnings provide more signs of economic stabilization.

More steps may be needed on economy: Geithner

U.S. Treasury Secretary Timothy Geithner said on Sunday more actions may be necessary to firm up economic recovery, including extended unemployment aid, and declined to rule out future tax hikes to reduce massive budget deficits.

UBS not to pay fine in U.S. tax settlement: reports

Switzerland's UBS will not have to pay a fine as part of the settlement of a tax evasion dispute with the United States, two Swiss newspapers reported on Sunday.

Obama urges work on healthcare after committee vote

U.S. President Barack Obama on Saturday welcomed the latest vote by a House of Representatives committee on healthcare reform and urged lawmakers to keep up the momentum in the coming weeks.

Amsterdam mayor marries U.S. gay couples on canal

The mayor of Amsterdam married five American-Dutch gay couples on Saturday in an implicit criticism of the lack of same-sex marriage in many U.S. states.

Obama says many months before U.S. exits recession

President Barack Obama warned on Saturday it would take many more months for the United States to get out of recession even after GDP figures showed the economy shrank only modestly in the second quarter.

Download final rules for cash for clunkers program

The U.S. Department of Transportation has released this week the final rules setting forth requirements and procedures for the Cash for Clunkers program under the Consumer Assistance to Recycle and Save Act of 2009.

Phelps outswims Cavic in rematch of Beijing Olympic's closest race

Michael Phelps of the U.S. let his swimming do the talking as he beat Milorad Cavic swimming for Serbia to win the Men's 100 Meter Butterfly at the World Championships in Rome.

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