UK's Tesco opens long-awaited first U.S. store
Tesco, the world's third-largest retailer, has begun its long-awaited launch in the United States, opening its first store near Los Angeles.
Northern Rock shares hit as takeover worries return
Shares in stricken British mortgage bank Northern Rock tumbled over 6 percent on Monday amid concerns that potential bidders will steer clear as the turmoil in global financial markets deepens.
U.S., Britain pressure Musharraf
The United States and Britain heaped pressure on Pakistan's President Pervez Musharraf on Monday, urging him to hold elections on time, as police detained hundreds of lawyers angry at his imposition of emergency rule.
Citigroup may face $11 billion writeoff
Charles Prince resigned on Sunday as chairman and chief executive of Citigroup Inc, as the bank said it may write off $11 billion of subprime mortgage losses, on top of a $6.5 billion write-down last quarter. Robert Rubin, the former U.S. Treasury Secretary who had chaired Citigroup's executive committee, was named chairman, while Sir Win Bischoff, who runs Citigroup's European operations, was named acting chief executive.
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Hollywood writers begin strike after talks collapse
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Oil falls over $1 on credit worries
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ChemChina offers $2.75 billion for Australia's Nufarm
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Kraft close to $2.8 billion Post cereals sale: report
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
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Qatar fund drops $22 billion bid for UK's Sainsbury
A Qatari fund has dropped plans for a 10.6 billion-pound ($22.1 billion) bid for British retailer J Sainsbury, blaming worsening credit markets and the cost of winning support from the firm's pension trustees.
Risk aversion hits dollar
The dollar fell to one-week lows versus the yen on Monday, weighed down by fears of major losses at financial firms from credit market turmoil, while the Japanese currency benefited from hawkish policymaker comments.
Wall Street futures down as Citi reignites credit concerns
Futures on benchmark U.S. stock market indexes fell before Wall Street's opening on Monday, with the focus on Citigroup after news of CEO Charles Prince's resignation. The largest U.S. bank said it may write off $11 billion of subprime mortgage losses on top of a $6.5 billion write-down last quarter.
World shares fall on Credit market turmoil
World stocks fell and safe-haven bonds surged on Monday after fears of major losses in Citigroup rekindled concerns about the health of financial firms hit by the credit market turmoil.
Citigroup CEO quits, bank may face $11 billion writeoff
Charles Prince resigned on Sunday as chairman and chief executive of Citigroup Inc, as the bank said it may write off $11 billion of subprime mortgage losses, on top of a $6.5 billion write-down last quarter.
Yahoo apologizes to U.S. lawmakers over China case
A senior executive at Yahoo Inc has apologized for failing to give U.S. lawmakers additional information about the Internet company's alleged role in the imprisonment of a Chinese dissident.
SUV with mind of its own wins robot car race
A souped-up Chevy Tahoe sports utility vehicle with a mind of its own was declared the winner of a robot car race on Sunday after it traveled without help from humans for six hours and 60 miles
Oppenheimer to buy part of CIBC's capital markets
Canada's CIBC said on Sunday it would sell a major part of its U.S. capital markets business to Oppenheimer Holdings Inc as it focuses on its core operations.
Citigroup shares trade higher in Tokyo debut
Shares in Citigroup Inc rose 5 percent on their first trading day in Tokyo on Monday, in a new exchange listing designed to boost the U.S. bank's presence in Japan but which coincides with the departure of its CEO.
Gold off 28-year high, but holds above $800
Gold dipped but held firm above $800 an ounce on Monday because of surging oil and prices and a weak U.S. dollar and dealers said strong fundamentals could help the metal retest a record high of $850 soon.
Shares fall as credit worries linger
Asian stocks eased on Monday with financial shares extending their slide as persistent credit worries offset a positive U.S. employment report, which showed twice as many jobs as expected were added last month.
Rice assures Israel and urges bold peace moves
Condoleezza Rice urged Israel on Sunday to be bold in pursuing peace with the Palestinians after Israeli leaders warned her there could be no deal on a Palestinian state until their own security was guaranteed.
Musharraf pressured as lawyers protest
Pakistan braced for protests against emergency rule on Monday, while President Pervez Musharraf faced mounting pressure from the United States to hold parliamentary elections in January.
Toys aren't just for kids anymore in Japan
Competing with video games, Japan's toymakers are targeting adults with toys making use of nostalgia and high-tech.
Citigroup CEO Prince seen losing his crown
When Charles Prince replaced Sanford Sandy Weill at the helm of Citigroup Inc, he was given the unenviable task of replacing a legend. Shareholders feared he could never fill Weill's shoes. They may soon be proven right.
For stocks, Fed chief in the spotlight
Investors banking on more interest-rate cuts may get some clues about what comes next from Federal Reserve Chairman Ben Bernanke, who testifies before the Joint Economic Committee of Congress on Thursday.
Hollywood writers call Monday strike
The union representing U.S. screenwriters called for a strike against film and TV studios starting on Monday in a move giving negotiators one last weekend to reach a contract deal or shatter 20 years of Hollywood labor peace.
Ford and UAW reach tentative labor deal
Ford Motor Co on Saturday said it had reached a tentative labor deal with the United Auto Workers union, capping a historic round of bargaining between the union and the embattled U.S. auto industry.
Congress presses Iran but wants to avoid war
With Americans weary of the Iraq war and U.S. elections on the horizon, Congress is struggling over how to get tough on Iran without giving President George W. Bush a blank check for a military strike.
North Korean nuclear disabling to start Monday
A team of U.S. technicians will on Monday start disabling North Korea's nuclear complex which makes weapons-grade plutonium, a senior U.S. envoy said on Saturday, under a multinational disarmament deal.
Iraq vows to arrest Kurdish rebel leaders
Iraq said on Saturday it was ready to track down and arrest Kurdish guerrilla leaders responsible for cross-border raids into Turkey in an effort to avert a major incursion by the Turkish military.
Pakistan's Musharraf invokes emergency rule
Pakistan President Pervez Musharraf has decided to impose emergency rule, state-run television said on Saturday, in a move expected to put off elections due in January.
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