Posted: 20 Jun 2011 01:28 PM PDT
Reuters - Stocks rose on Monday, as the latest development to reduce Greece's debt helped draw buyers and the S&P 500 touched a key support level, but anemic volume signaled the recent weakness may not be over.Posted: 20 Jun 2011 06:12 PM PDT
Reuters - The U.S. Supreme Court threw out on Monday a massive class-action sex-discrimination lawsuit against Wal-Mart Stores Inc, the biggest ever such case, in a major victory for the world's largest retailer and for big business in general.
Posted: 20 Jun 2011 01:27 PM PDT
Reuters - A jury quickly convicted former technology company consultant Winifred Jiau of insider trading charges on Monday after a trial that the panel's forewoman described as leaving her in despair about corruption at some hedge funds.
Posted: 20 Jun 2011 11:29 AM PDT
Reuters - The U.S. credit union regulator filed lawsuits on Monday against JPMorgan Chase & Co's JPMorgan Securities and Royal Bank of Scotland Group Plc's RBS Securities, alleging misrepresentation of investment vehicles backed by mortgages.Posted: 19 Jun 2011 11:47 AM PDT
AFP - High-flying shares in Chinese companies have come crashing to the ground recently, amid a flurry of accounting scandals and a crackdown by US regulators.Posted: 20 Jun 2011 07:44 AM PDT
AFP - The US Treasury targeted companies and individuals affiliated with Iran's national shipping line Monday with measures to isolate them from US finance and commerce.Posted: 20 Jun 2011 01:15 PM PDT
AP - The Milan stock exchange closed down sharply Monday after ratings agency Moody's warned it may reduce Italy's credit rating and eurozone finance ministers failed to reach a deal on an immediate bailout for Greece.
Posted: 20 Jun 2011 02:50 PM PDT
AFP - A US regulator on Monday sued Wall Street bank JPMorgan Chase and Britain's Royal Bank of Scotland, seeking to recover more than $800 million in losses incurred during the subprime mortgage crisis.Posted: 20 Jun 2011 05:02 PM PDT
AP - The International Monetary Fund said Monday it will interview the two leading candidates for the top job at the 187-nation lending institution this week with the goal of naming a new chief by June 30.
Posted: 20 Jun 2011 11:09 AM PDT
Reuters - PNC Financial Services Group Inc said on Monday it plans to buy Royal Bank of Canada's U.S. retail bank operations and credit card business for $3.62 billion, expanding the bank into the U.S. Southeast.Posted: 20 Jun 2011 12:22 PM PDT
AP - Oil leveled off as investors remained concerned about the European financial crisis.
Posted: 20 Jun 2011 06:53 PM PDT
AP - The owners of a Southern California civilian test pilot school pleaded guilty Monday to defrauding the federal government of nearly $710,000 by filing a false tax return related to a secret Swiss bank account, and are expected to pay more than $2 million in civil penalties.
Posted: 20 Jun 2011 09:31 AM PDT
AFP - Production at Swedish carmaker Saab's plant in the western Swedish town of Trollheattan will be down for two more weeks, as the beleaguered carmaker has yet to guarantee supplies, media reported Monday.Posted: 20 Jun 2011 05:08 AM PDT
BusinessWeek - In business, there is no shortage of lies. People tell them at all levels -- sometimes to seek a payoff and other times to avoid responsibility, some lying with guilt and others lying with a habitual delight.
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