IBT Staff Reporter

Stocks fell on Monday for the second straight session and the third in the last four trading days, led lower by basic materials shares after China trimmed its growth target for 2012.

Swiss lawmakers have passed a tax proposal seen as key to settling a U.S. probe into Swiss banks with hidden offshore accounts.

Only a dire situation would call for the Federal Reserve to buy more assets, and that is unlikely given the better-looking economic data, a top central bank official said on Monday.

Only a dire situation would call for the Federal Reserve to buy more assets, and that is unlikely given the better-looking economic data, a top central bank official said on Monday.

The services sector expanded at its fastest pace in a year in February, helped by a gain in new orders and as the housing market shows signs of stabilizing.

Research In Motion will be forced to slash the fees it charges carriers for BlackBerry service this year, an analyst said on Monday as another U.S. government customer edged away from the service, cutting into a pillar of the struggling smartphone company's business model.

Research In Motion will be forced to slash the fees it charges carriers for BlackBerry service this year, an analyst said on Monday as another U.S. government customer edged away from the service, cutting into a pillar of the struggling smartphone company's business model.

El Paso Corp delayed a shareholder meeting for voting on the pipeline company's roughly $23 billion acquisition by rival Kinder Morgan Inc to give investors more time to consider a judge's ruling that criticized some of the deal's participants.

Greece has recalled its warship from the European Union's anti-piracy task force in the Indian Ocean to save money as it struggles to meet fiscal targets set by international lenders in return for a bailout package.

A U.S. senator has urged the Federal Trade Commission to investigate reports that applications on the Apple Inc and Google Inc mobile systems steal private photos and contacts and post them online without consent.

Only a dire situation would call for the Federal Reserve to buy more assets, and that is unlikely given the better-looking economic data, a top central bank official said on Monday.

The basic materials and energy sectors led stocks lower on Monday after China, the world's second-largest economy, cut its growth target for 2012.

International filings for patent protection, a key indicator of technological innovation in major economies, hit an all-time record last year driven by growth in China and other middle- income countries, a United Nations agency said on Monday.

The owners of the New York Mets baseball team on Monday lost their bid to end a $386 million lawsuit brought by the trustee seeking money for victims of Bernard Madoff's fraud.

The U.S. Internal Revenue Service's new software system for handling electronic tax returns has experienced problems during the tax filing season, angering some taxpayers whose refunds have been delayed.

Stocks fell on Monday, dragged lower by the basic materials and energy sectors after China, the world's second-largest economy, cut its growth target for 2012.

Democratic lawmakers called on the country's futures regulator to crack down on excessive speculation in oil markets as rising gasoline prices moves to the forefront of the election campaign.

China's acceptance of a slower rate of growth rattled markets on Monday, but it also shows that the gradual rebalancing of the global economy long sought by world leaders is on track.

Stocks fell on Monday, dragged lower by the basic materials and energy sectors after China, the world's second-largest economy, cut its growth target for 2012.

Yahoo Inc's new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog.

The pace of growth in the U.S. services sector unexpectedly picked up in February to its highest level in a year, according to an industry report released on Monday.

The European Central Bank is likely to signal on Thursday that it has done all it intends to do to fight the euro zone crisis, putting the onus back on governments after cutting interest rates and flooding the market with cash in recent months.

Major holders of Greek government debt said on Monday they will take part in a bond swap plan.

Stocks extended losses on Monday as data showing a decline in European private sector activity last month and a reduced target for China growth renewed concerns about the global economy, while a drop in Apple shares hit the Nasdaq.

Walgreen Co's comparable sales fell more than expected in February, the second month that the largest U.S. drugstore chain did not fill prescriptions for patients in the Express Scripts Inc pharmacy benefits network.

Greece's major bondholders voiced their support on Monday for a deal that will halve the value of their debt holdings and aims to put the country back on a sustainable debt-repayment footing.

The euro zone is out of the emergency ward, but it may face a chronic debilitating illness rather than a rapid convalescence.

Major holders of Greek government debt said on Monday they will take part in a bond swap plan.

New orders for factory goods dropped in January by the most in over a year and businesses cut orders for new capital goods, suggesting one of the drivers of the economic recovery faltered at the start of the year.