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November service sector growth slows

The economy showed signs it was decelerating, with an index of service activity pointing to slower growth in November while new orders for factory goods declined in October for the second straight month.

Comcast to start selling Verizon mobile early 2012

Comcast Corp , the largest U.S. cable operator, will start selling Verizon Wireless products in four markets early next year, its top cable executive said on Monday.

CFTC approves rule on protection of customer funds

The U.S. futures regulator approved on Monday a rule that puts tighter limits on how brokerage firms can use customer funds, a measure that the now-bankrupt MF Global had encouraged the agency to delay.

Crimes of New York: Into the Mind of the Long Island Serial Killer

Police officials believe they are dealing with a single serial killer who will murder again. Without a physical description or any reliable leads, it has become difficult for police to make headway in the case. In situations like these, police officials turn to criminal forensic psychologist and criminal profilers.

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Stock futures point to gains on euro zone summit optimism

Stock indexes pointed to gains of about 1 percent at the open on Monday, building on the previous week's gains, as optimism grew that an upcoming European Union summit would break new ground to resolve the euro zone debt crisis.

Lehman Brothers close to naming a new board: report

The bankruptcy estate of Lehman Brothers Holdings is close to naming a new board of directors to help finish winding down the collapsed financial firm, the Wall Street Journal said, citing people familiar with the matter.

MetLife expects 2012 growth, going back to Fed soon

MetLife expects operating earnings to rise as much as 7 percent in 2012, the largest life insurer in the United States said on Monday, though its forecasts for the fourth quarter and full-year 2011 were below expectations.

Japan's Olympus hid up to $1.7 billion

An investigative panel has found Japan's disgraced Olympus Corp hid up to $1.67 billion in losses from its investors, but is likely to say there is no evidence of involvement by organized crime in the cover-up, a source said Monday.

MetLife expects earnings to rise in 2012

Analysis: India inches closer to crisis as rupee retreats

India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the central bank with a difficult choice over how to make best use of its limited reserves to maintain the confidence of foreign investors.

Futures signal higher Wall Street open

Stock index futures pointed to a higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.8-0.9 percent.

Zynga rival Nexon's Tokyo IPO set at $1.2 billion

Online gaming firm Nexon Co fixed the price for its $1.2 billion initial public offering on Monday at the mid-point of a pre-set range, following U.S.-based rival Zynga in settling for a more conservative valuation amid tough stock market conditions.

Troubled bank Dexia gets new financing lifeline

Crisis-hit Franco-Belgian bank Dexia has secured temporary financing guarantees from Belgium, France and Luxembourg to keep it running while the countries cement the bailout they put together in October.

Sarkozy, Merkel kick off week of euro crisis talks

French President Nicolas Sarkozy and German Chancellor Angela Merkel meet in Paris on Monday under pressure to align their positions on centralizing control of euro zone budgets to stem a debt crisis that threatens Europe's currency union.

World stocks up as crucial euro zone week kicks off

World stocks rose and demand for German government bonds slipped on Monday as confidence grew European leaders would make big strides in solving the euro zone's debt crisis at a crucial summit this week.

Dexia provisionally secures temporary guarantees

Franco-Belgian financial services group Dexia has provisionally secured temporary guarantees from Belgium, France and Luxembourg to cover its financing, which dried up before its second state bailout was agreed in October.

Asian stocks firm on euro zone rescue hopes

Asian shares and the euro steadied on Monday on hopes European leaders would agree on a definitive plan to solve the euro zone's debt crisis at a crucial summit this week, with sentiment also getting a lift from Italy unveiling austerity steps.

China's new loans may increase slightly in 2012: report

China's new bank loans in 2012 may increase slightly from this year's quota of 7.5 trillion yuan ($1.18 trillion), but the government will maintain lending curbs on the property sector, the China Business News reported on Monday, citing an official from the China Banking Regulatory Commission .

China services data may bolster case for further easing

China's services sector contracted in November, mirroring similar weakness in the country's giant manufacturing sector and underlining expectations that Beijing can ease monetary policy further to cushion the blows of the global economy.

Analysis: Japan's silent majority may find its voice over

Some big Japanese shareholders in disgraced firm Olympus Corp may support ex-CEO Michael Woodford's campaign to return to the helm -- a once-unthinkable step for investors that are more usually known for their discreet, hands-off approach.

Insight: Bare-bones bikes help Harley slay Geezer Glide image

For Harley-Davidson, Michael Adams is a godsend.

Time of reckoning for the euro zone

Failure by European leaders at their summit this week to fix the fatal flaw in the euro zone, its lack of political union, would risk tremendous market upheaval, a rupture of the common currency and global economic fallout.

Decision time for EU, with euro's future at stake

The euro faces a decisive week as European Union leaders, urged on anxiously by the United States, seek agreement on a convincing rescue plan that has eluded them for two years.

JP Morgan arranges loan for SAP's SuccessFactors buy

JPMorgan Chase & Co is arranging the 1-billion-euro ($1.34 billion) loan that SAP AG is taking on to help pay for its $3.4 billion takeover of SuccessFactors, SAP co-Chief Executive Bill McDermott told Reuters.

Exclusive: Germany open to ESM changes if budget rules tightened

Germany is prepared to soften language in the euro zone's permanent bailout mechanism compelling bondholders to accept losses in exchange for much stricter budget rules, four sources have told Reuters.

Citi discussing plan to shuffle Asian managers: WSJ

Citigroup Inc is discussing a plan to shuffle Asian managers to reassure Japanese regulators as they prepare to sanction the bank for alleged lapses in disclosure related to the sale of financial products, the Wall Street Journal reported, citing people familiar with the situation.

Italy PM Monti raises taxes, reforms pensions in austerity drive

Prime Minister Mario Monti unveiled a 30-billion-euro package of austerity measures on Sunday -- increasing value added tax, reintroducing a property tax, and raising the pension age -- in a drive to gain control of Italy's strained public finances.

Italy PM prepares to adopt crisis measures

Prime Minister Mario Monti accelerated plans on Sunday to approve a 20 billion-euro austerity package aimed at shoring up Italy's strained finances and stemming a crisis that threatens to overwhelm the euro zone.

Euro zone enters a decisive week

The euro faces a decisive week as European Union leaders, urged on anxiously by the United States, seek agreement on the definitive rescue plan that has eluded them for two years.

Austrian chancellor backs EU treaty change: report

Austrian Chancellor Werner Faymann backs changes to the European Union treaty that would create a political and economic powerhouse even at the cost of relinquishing some national sovereignty, he told a Sunday newspaper.

SAP offers $3.4 billion cash for SuccessFactors

Dec 3 - Germany's SAP announced a $3.4 billion cash deal to buy U.S. web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.

Italy's Monti seeks broad support for crisis measures

Italian Prime Minister Mario Monti met party leaders Saturday to drum up support for new measures designed to shore up public finances, helping growth and calming the debt crisis in the euro zone's third-largest economy.

Bhopal Disaster Anniversary: A Look Back at One of History's Worst Industrial Tragedies [Pictures]

Twenty-seven years later, the impact from the Bhopal gas disaster is far-reaching as survivors continue to battle health issues, families fight to keep the memories of their loved ones alive, and companies and cities continue to face the fallout from what has been called the worst industrial disaster of our time.

Exclusive: MF Global mixed funds, transferred abroad

Regulators investigating the collapse of MF Global have determined that the firm combined money between securities and futures accounts owned by customers, and transferred funds outside the country to at least one entity, a source said on Friday.

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