MARKETS / FINANCE

A host of landlords are objecting to the sale process by which Borders Group Inc hopes to auction itself out of bankruptcy, saying the proposed plan would effectively keep landlords from advocating for their interests.

The Bank of Japan is expected keep monetary policy on hold and present a brighter view on the economy on Tuesday, encouraged by a rebound in factory output and increasing signs that the recovery from the devastating March earthquake is broadening.

Greece is heading for default, or at least a devaluation, and European Union leaders have to adopt a plan B to stem contagion to the rest of the bloc, billionaire investor George Soros said on Tuesday.

Retailers generated strong sales growth through eBay Inc Inc in June, e-commerce software company ChannelAdvisor said on Monday.

Investors' net withdrawals from hedge funds hit their highest level in nearly two years last month, data showed on Monday, as the funds struggle to make money in choppy markets dominated by fears over the eurozone's deepening debt crisis.

The UK telephone hacking scandal that closed the News of the World newspaper and put News Corp's deal to buy the rest of broadcaster BSkyB in doubt will have little impact on cash flows at Rupert Murdoch's media empire, a major shareholder said on Monday.

Deutsche Bank AG asked a Manhattan judge to dismiss a government lawsuit accusing it of fraud for repeatedly lying about the quality of mortgages it handled under a federal program.

HighTower Advisors, a firm consolidating wealth management businesses across the United States, on Monday said it added a team of advisers from Morgan Stanley Smith Barney in northern Virginia.

Starbucks Corp on Monday won dismissal of a lawsuit by former assistant store managers in New York who accused the world's largest coffee chain of cheating them out of customer tips.

Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.

President Barack Obama on Monday increased pressure on Republican lawmakers to make concessions for a deal to avoid an August 2 debt default and said both sides must pull off the Band-aid and make sacrifices.

Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.

The British hacking scandal may be unfortunate, but the closing of the News of the World and the outcome of dealings with broadcaster BSkyB will have a minimal impact on News Corp's revenue stream, a major shareholder said on Monday.

U.S. policymakers seeking an answer to the country's stubbornly high unemployment rate should not expect relief from small businesses, said a survey released on Monday by a powerful business lobbying group.

House Speaker John Boehner, R-Ohio, did not mince words Monday regarding who the American people should blame, if the U.S. Government defaults on its debt and Congress fails to raise the debt ceiling: President Obama and Congressional Democrats.

European finance officials struggled to find ways to resolve Greece's debt crisis on Monday as sharply rising bond yields in Italy, the euro zone's third largest economy, added to the sense of urgency.

After months of effort, President Barack Obama and congressional Republicans are right back where they started as they try to avert a looming debt default: arguing over taxes.

Investors' increasingly aggressive hunt for the best returns will force the global asset management industry to up the ante and become more competitive, according to research released on Monday.

Former Fox News Talk Show Host Glenn Beck was warmly received by Israeli lawmakers during a visit to the Middle East nation.

Telecom network operators acknowledged they are out of touch with customers' wants and are struggling to keep up with user expectations, a survey of industry executives found.

Stocks slumped more than 1 percent on Monday as worries about the U.S. budget talks and the euro-zone debt crisis sent a shudder through markets and overshadowed the start of earnings season.

Euro zone finance ministers and officials were meeting on Monday to discuss a second bailout package for Greece and the financial situation in Italy.

Shares in UniCredit SpA and other Italian banks extended losses on Monday after a sell-off last week due to concerns Italy could be drawn into the euro zone debt crisis and worries about the strength of their capital.

EU finance officials discussed options for resolving Greece's intractable debt crisis on Monday, galvanized by the growing threat of contagion to Italy, the euro zone's third-largest economy.

A core of large investors in BSkyB is planning to stick with it regardless of the outcome of a bid by Rupert Murdoch's News Corp to take it over -- now hanging in the balance -- and as others dumped the shares on Monday.

President Barack Obama pushed congressional leaders for the largest possible deficit-reduction deal on Monday that would involve changes to popular entitlement programs, asking: If not now, when?

Wall Street fell more than 1 percent on Monday as fears over the U.S. budget and European debt crises sent a shudder through markets and overshadowed the start of corporate earnings reports.

President Barack Obama on Monday reiterated that Congressional Republicans and Democrats will resolve the debt ceiling and that the U.S. Government would not default on its debt -- but the key, he underscored, is a GOP compromise on the revenue component. Major cuts in spending are already a part of the deal.

American International Group plans to replace one or more Wall Street banks in its next sale of shares from the U.S. government, The Wall Street Journal reported on Sunday.