UNITED STATES

FDA accepts Spectrum's response on cancer drug

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Spectrum Pharmaceuticals Inc said U.S. health regulators accepted for review the company's response on its experimental cancer drug, Zevalin, as a Class 1 submission -- which typically means the regulators would review the drug within 60 days.

Tensions rise as Honduran crisis talks fail

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Honduras' political rivals were on a collision course on Monday after negotiations collapsed and deposed President Manuel Zelaya vowed to return home despite warnings from a defiant de facto government.
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Netanyahu defies U.S. on East Jerusalem settlement

Prime Minister Benjamin Netanyahu, saying he would not take orders over Israeli settlement in East Jerusalem, rejected on Sunday a U.S. demand to halt plans to build more homes for Jews in the disputed area.
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Support for Obama on healthcare slips: poll

Public support for President Barack Obama's handling of healthcare reform, the pillar of his legislative agenda, has fallen below 50 percent for the first time, a Washington Post-ABC News poll released on Monday said.
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Wall St set to open higher on CIT deal

Stocks were set to open higher on Monday, extending gains following Wall Street's best week in 4 months, after CIT Group Inc clinched a deal that could help avoid bankruptcy, removing some uncertainty as the financial sector recovers from a deep crisis.
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CO2 caps central to climate fight: UK

A dual system of both national emissions caps and carbon trading schemes should play a central role in cutting global greenhouse gas emissions, a report commissioned by the British government said on Monday.
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U.S. banks lift bar for Europe earnings

Stellar earnings from U.S. banks have raised expectations that European rivals will follow suit in the next month, although rising bad debts have the potential to douse that optimism.
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Charles Schwab denies Cuomo's fraud allegations

Charles Schwab Corp , the largest U.S. online brokerage, denied allegations by New York Attorney General Andrew Cuomo of civil fraud in its marketing and sale of Auction Rate Securities .
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IT spending forecasts improve, Cisco popular: UBS

U.S. and European IT budgets are expected to fall 2 percent over the next year, less than the 5 percent decline expected three months ago, according to a survey of 100 chief information officers carried out by UBS.
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Futures up on CIT deal to avoid bankruptcy

Stock index futures rose on Monday after CIT Group Inc clinched a deal that could avoid bankruptcy, removing some uncertainty as the financial sector recovers from a deep crisis.
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Charles Schwab denies Cuomo ARS allegations

Charles Schwab Corp , the largest U.S. online brokerage, denied allegations by New York Attorney General Andrew Cuomo of civil fraud in its marketing and sale of Auction Rate Securities .
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KKR Euronext listing moves closer; sees profit

Private equity firm Kohlberg Kravis Roberts & Co on Monday moved a step closer to merging with its Euronext-listed fund after receiving approval from the board of the fund to combine businesses.
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Asia stocks hit 2009 high on earnings, CIT rescue

Asian stocks outside Japan rose on Monday to their highest level since the dark days following Lehman Brothers' collapse in September while the U.S. dollar fell, as strong company earnings encouraged investors to move into riskier, higher-yielding assets and commodities.
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Asia stocks rally to 2009 high on earnings, CIT

Asian stocks rose on Monday to their highest level since the dark days following Lehman Brothers' collapse last September while the U.S. dollar fell, as a solid outlook for corporate earnings lured investors to riskier, higher-yielding assets and commodities.
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PREVIEW-Microsoft deal talk, optimism overshadow results

Microsoft Corp will likely report the first annual sales dip in its history as a public company, but investors are looking beyond that for upbeat comments on Windows 7, signs of a tech sector recovery, and even a deal with Yahoo Inc to challenge Google Inc.
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CIT close to deal to avoid bankruptcy: WSJ

CIT Group was close to securing a deal with bondholders on Sunday which would relieve a liquidity crunch at the U.S. lender which threatens the bank with the prospect of filing for bankruptcy, the Wall Street Journal reported.
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Microsoft deal talk, optimism overshadow results

Microsoft Corp will likely report the first annual sales dip in its history as a public company, but investors are looking beyond that for upbeat comments on Windows 7, signs of a tech sector recovery, and even a deal with Yahoo Inc to challenge Google Inc.
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Earnings to decide stocks' fate

Earnings are set to take center stage again this week as more marquee U.S. companies line up to report their quarterly scorecards and investors decide whether to keep pushing stocks higher.

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