IBT Staff Reporter

GMAC, the troubled automobile lender, may receive a $7.5 billion infusion from the U.S. government as early as next week, the Washington Post reported in its Saturday edition, citing unnamed sources.

The U.S. government plans to reverse its antitrust policy and put more pressure on companies eyeing bigger market share through their dominance, the New York Times reported on its website.

The downward trend in the financial crisis is easing and national economic stimulus packages are starting to work, billionaire investor George Soros was quoted as saying by a German newspaper on Monday.

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 1.1 percent, Dow Jones futures down 1 percent and Nasdaq 100 futures down 1.5 percent, as investors were poised to book recent hefty gains.

Oil fell $1 a barrel to below $58 on Monday, reversing some of the previous session's gain, pressured by falling European equities and caution over the pace of any global recovery.

Global shares held steady on Monday, working on their third consecutive month of gains, but there were losses in Europe after recent gains amid worries about bank earnings.

The United States risks a Japan-style lost decade of growth if it does not take aggressive action to stimulate its economy and clean up its banking system, Nobel Prize-winning economist Paul Krugman said on Monday.

LOS ANGELES - Cable network G4 has ordered a Web-centric spinoff of popular E! series The Soup.

Asian shares rose to their highest in seven months while the safe-haven dollar extended its decline on Monday, but warnings about an impending turnaround are growing amid weak corporate results and views that any global recovery will only be gradual.

American International Group Inc and the U.S. government expect a multi-year restructuring of the insurer, the Wall Street Journal said, citing an internal AIG memo.

A Federal Reserve policy maker called on Monday for U.S. government protection of the financial industry to be rolled back because it had encouraged excessive risk taking at the heart of the current crisis.

Asian shares extended their rally on Monday and riskier assets such as the euro held on to recent gains, but warnings about an impending pullback are growing amid weak corporate results and views that any global recovery will only be gradual.

Oil fell toward $58 a barrel on Monday, reversing some of the previous session's near 3 percent gains, as investors took profit amid warnings that any global recovery will only be gradual.

Asian shares extended their rally on Monday and riskier assets such as the euro held on to recent gains, but warnings about an impending pullback are growing amid weak corporate results and views that any global recovery will only be gradual.

Hess Corp's (HES.N: Quote, Profile, Research, Stock Buzz) emphasis on exploration and recent drilling success will help the oil producer and refiner outshine its rivals in 2010, according to weekly financial newspaper Barron's.

Britain's green job market is thriving despite tough economic times and mounting redundancies in other sectors, environmental recruiters said on Friday.

U.S. Commerce Secretary Gary Locke said on Friday he will travel to China this year to promote sales of U.S. clean energy goods as part of the Obama administration's effort to fight global warming.

U.S. government protection of its financial industry encouraged excessive risk-taking at the heart of the current financial crisis and ought be rolled back, a top U.S. Federal Reserve official said on Monday.

Global hoteliers are pinning their hopes on the east's underserved leisure markets to offset falling revenue as holidaymakers and business travelers cut back to save money in the global downturn.

A planned new U.N. climate pact is shaping up to be a mildly tougher version of the existing Kyoto Protocol rather than a bold treaty to save what U.S. President Barack Obama has called a planet in peril.

The German government is examining competing plans to invest in carmaker Opel and aims to decide by the end of the month whether to provide the firm with financing guarantees, a leading Social Democrat said.

Canadian-Austrian auto-parts maker Magna has asked Russia's GAZ to make a bid for a stake in General Motors' German carmaker unit, Opel, Russian Prime Minister Vladimir Putin has said.

Google is planning to release a video campaign for Chrome web browser through the Google TV ads network.

GMAC, the troubled automobile lender, may receive a $7.5 billion infusion from the U.S. government as early as next week, the Washington Post reported in its Saturday edition, citing unnamed sources.

U.S. bank regulators breathed a huge sigh of relief in early April when improving financial markets looked set to push the nation's 19 largest banks through the gauntlet of tough stress tests in reasonably good shape.

Germany has a plan to protect the assets of carmaker Opel from creditors if its U.S. parent General Motors is forced into bankruptcy next month, German Economy Minister Karl-Theodor zu Guttenberg said in an interview with a German weekly.

An Iranian court will hear Iranian-American journalist Roxana Saberi's appeal against her eight-year prison sentence for espionage on Sunday, her lawyer said on Saturday.

Egypt's Muslim Brotherhood dismissed Saturday U.S. President Barack Obama's plan to deliver a speech to the Muslim world from Egypt as part of a plan to keep Arab and Muslim states divided.

Reclusive North Korea, which rattled regional security with a threat to hold a second nuclear test, said on Saturday it would not hold talks with its wealthy South Korean neighbor because it defiled Pyongyang's dignity.