Treasuries rose on Monday in light trading as bond investors expected a Federal Reserve cut in the benchmark interest rate later in the week.
Merck & Co. reported late Monday the U.S. Food and Drug Administration didn't approve the MK-0524A treatment or Cordaptive a cholesterol drug.
The dollar rose slightly against the euro and yen on Tuesday in Tokyo ahead of Wednesday's meeting of the Federal Open Market Committee.
Four countries have been given the go ahead from a newly issued UN resolution to chase and thwart off- would-be Somali pirates from their coasts and in their waters.
Visa Inc, the world's largest credit and debit processor, said its second fiscal quarter profit grew 28 percent in its first quarter as a public company as payments and transactions grew across all regions worldwide.
Bank of America Corp, seeking approval to buy the largest U.S. mortgage company, said it would help reduce home foreclosures by modifying or working out hundreds of thousands of mortgage loans to help more than 265,000 customers.
U.S. newspaper circulation fell sharply in the six months leading through March, with the exception of the two largest national dailies, USA Today and The Wall Street Journal, as more readers turn to online sites to read the latest news.
Gold futures rose on Monday after crude-oil contract hit a new record, raising the appeal of precious metals as a hedge against inflation.
Soybeans tumbled on Monday on speculation of cold, wet weather in the U.S. Midwest delaying corn seeding and increase planting of soybeans.
U.S. stocks rose on Monday for the fourth day after billionaire Warren Buffett financed the $23 billion takeover of Wm. Wrigley Jr. by privately held mars, and investor Kirk Kerkorian bought a stake in Ford Motor Co.
Vodafone India, the arm of UK based world's largest wireless telecom company Vodafone, is likely to bring the much awaited, versatile and Macintosh operating system based Apple's iPhone to India this September as per market speculations ripe in the country.
Tokyo stocks closed higher Monday, briefly lifting Japan's benchmark Nikkei index above the 14,000 line for the first time in about two months, as optimism prevailed among market participants that the worst of the credit crunch is over.
Dollar managed to close higher for the third day in a row continuing recovery from the record low levels against the Euro despite a downbeat consumer sentiments report from the US.
President George W. Bush exhorted the U.S. congress on Saturday to pass legislation that would give the government greater authority to buy federal student loans to ensure that students continue to have access to tuition assistance.
Prosecutors at the U.S. Justice Department are investigating Wachovia Corp, the fourth largest U.S. bank, about links to alleged drug laundering activities involving Latin American countries.
The owner of the New York Daily News, Mortimer Zuckerman, has bid $580 million to buy Tribune Company's Newsday newspaper after News Corp. had already made an offer for the same amount, according to a report.
Hedge funds are losing money but that doesn't mean the $1.8 trillion industry is losing clients -- yet. Pension funds and endowments, whose big bets on hedge funds helped double industry assets in the last five years, are sticking with loosely regulated hedge funds for now, even as returns sag.
The U.S. Midwest has enjoyed nearly 20 years without a major drought but forecasters worry the corn belt's luck could dry up this year, further squeezing tight global supplies amid soaring food prices.
The head of Goldman Sachs Group Inc.'s mortgage department, Dan Sparks, unexpectedly quit the firm on Friday, according to media reports.
Black & Decker said Thursday it will cut 700 jobs, or about 3 percent of its workforce, and close a plant in Atlanta as part of a new restructuring plan.
Shares of Progenics Pharmaceuticals Inc. closed Friday at $13.40 per share rising 25.94 percent, and climbed to $13.75 on after trading as its drug Relistor was approved in the U.S. by the Food and Drug Administration.
Shares of Research in Motion Ltd. fell on Friday, falling more than 2.8 percent after a report that the it will push back the release of its 3G BlackBerry phone for AT&T to as late as August.
