BUSINESS

Portugal will give ?6.6 billion ($8.2 billion) to its three largest banks to help them beef up their balance sheets. Receiving the capital injection are two private banks, Banco Comercial Português and Banco BPI, and state-owned Caixa Geral de Depositos.

The number of people in Spain claiming jobless benefits declined slightly in May by 30,113, the country's Labor Ministry announced on Monday. The drop was small compared to the decline in claims of 80,000 in May of last year.

Shares of Facebook (Nasdaq: FB), the No. 1 social network, set a record low after the influential research firm Bernstein started coverage with an ?underperform? rating.

Eurozone producer price inflation was flat in April and gained 2.6 percent on the year, Eurostat reported on Monday. Economists had expected a 0.2 percent increase and an increase of 2.7 percent on the year.

Samsung announced Monday that it would launch Galaxy S3 with AT&T, Sprint, T-Mobile, Verizon Wireless and US Cellular starting in June.

Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened on a negative note and continued in the red in the morning session Monday, weighed down by a slump in the FMCG and consumer durable shares.

Among the companies whose shares are moving in pre-market trading Monday are: AuRico Gold, Tata Motors, Cooper Companies, Seadrill, First Solar, salesforce.com, Schlumberger and Yum! Brands.

The April trade data is likely to garner the most market attention, while the Fed Beige Book will set the tone for the upcoming Federal Open Market Committee (FOMC) meeting. On Thursday, markets will also be watching Fed Chairman Ben Bernanke's testimony to Congress, which could provide clues on whether the Fed is ready to take additional steps to support growth.

Petrol price woes in India are not going to end anytime soon. Oil companies, which had raised Rs 7.5 per liter over a week ago, announced a rollback of Rs 2 Saturday after wide protests against the hike. However, the companies Monday said that the prices would be reviewed June 15.

Crude oil prices declined for the fifth day Monday as sentiment was dampened after reports indicated a slowdown in China's nonmanufacturing activity and U.S. employment.

Futures on major U.S. indices point to a lower opening Monday ahead of the U.S. Dept. of Commerce's Report on Manufacturers' Shipments, Inventories and Orders, and increasing concerns over the euro zone crisis.

Asian stock markets plunged Monday as weaker-than-expected economic data from the US and China raised concerns over the strength of global economic recovery.

Falling global oil prices as well as declining core inflation and growth in India give the Reserve Bank of India room to adjust interest rates, a deputy governor said, two weeks before a policy review for which expectations have been growing for a rate cut.

Japan's Topix Index slumped to its lowest level in 28 years as investor confidence was severely hit by disappointing U.S. jobs data, the increasing euro zone debt crisis and the weakening Chinese economy.

China's non-manufacturing sector grew at a slower pace in May compared to the previous month, raising concerns about the slowdown in the country's economic growth.

Asian equity indexes are getting whacked on Monday a lot like European and U.S. stock indexes got whacked on Friday, with all of those open at this time having shed between 1 percent and 3 percent in the early going.

Tea Party members and other conservatives would like Americans to believe that the United States? problems started in 2009, but nothing could be further from the truth. Three major policy errors by President George W. Bush last decade substantially worsened the U.S.?s fiscal condition, and the nation has been trying to recover ever since.

When George Zimmerman fatally shot unarmed Florida teen Trayvon Martin in February, he wasn't immediately arrested and charged because of the state's controversial 2005 Stand Your Ground law. Due to the measure, killers and vicious attackers in some cases are walking free, a report shows.

A solemn and worried George Zimmerman turned himself over to authorities shortly before 2 p.m. Sunday.

Advisers to President Barack Obama and Republican nominee Mitt Romney turns assigning blame for May's grim jobs figures on Fox News Sunday, as the candidates try to spin a paltry 69,000 new jobs into a positive talking point for the incumbent and his Republican challenger.

The Battleship movie's bomb at the box office has Comcast CEO Brian Roberts and analysts worried the flop could hit his company's bottom line as a result.

George Zimmerman is back in Florida to return to custody, but his legal team plans on

Clive Chajet, celebrated brands consultant for companies, offers his free advice to Facebook, Yahoo and Hewlett-Packard about undoing the damage from recent mishaps: stick to business and the share price will follow.

Warburg Pincus LLC, a private equity firm based in US, is looking for a $100-$125 million stake in finance firm Future Capital Holdings, sources said to Reuters.

Steve Jobs gave a lot of juicy quotes before he died, and Apple Inc (AAPL.O) has failed to keep some of them out of an upcoming patent trial against Google's (GOOG.O) Motorola Mobility unit, according to a court ruling.

Italian sailors, who mistook two Indian fishermen for pirates and killed them, were released on bail Saturday to await trial, a step closer to the culmination of a major diplomatic row between Rome and New Delhi.

Spanish Prime Minister Mariano Rajoy proposed on Saturday that the 17 countries in the euro zone create a common fiscal authority, with each surrendering a significant amount of its national sovereignty to send a signal to financial markets about the certainty of their single-currency experiment.

Mitt Romney would not offer relief for the 11.5 million U.S. homeowners with underwater mortgages if he were elected president, one of his advisers said Saturday. The assertion contrasts with Romney's own words in January: The idea that somehow this is going to cure itself by itself is probably not real.

Florida state officials will continue their quest to purge purportedly ineligible people from voter-registration rolls, a representative of Secretary of State Ken Detzner said Saturday.