UNITED STATES

Telecom companies lash out at EU fiber proposal

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Telecom operators hit out at a new European Union proposal that aims to spur investment in faster fiber optics networks by reducing profits generated on copper-based networks, saying it was wrongheaded and would actually stunt progress.
Customers use ATM machines inside of a Bank of America branch.

Bank of America Debit Card Fee Inspires Anti-bank Rhetoric

When Bank of America announced last week that it would begin charging a $5 monthly fee to customers using their debit cards at retail locations, it understandably caused a fair amount of complaining from consumers, a fact that was noted across the board by various media sources Friday. But it also inspired a wave of anger against banks in general.
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GM's September U.S. auto sales up 20 percent

General Motors Co and Chrysler Group reported September U.S. auto sales gains of at least 20 percent, a sign that consumers have returned as vehicle inventories have risen after being crimped by the March earthquake in Japan.
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Manufacturing sector grows faster in September

Factory activity expanded at a faster pace than expected in September as production and hiring increased, suggesting that manufacturing should help keep the economy out of recession.
Gold bars

Gold Headed for Biggest 1-Day Gain in Nearly a Month

Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
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Alibaba's Ma: very interested in buying Yahoo

Jack Ma, the founder and CEO of Chinese e-commerce giant Alibaba, is keen on buying Yahoo Inc if the opportunity presents itself and has held discussions with other potential buyers about options.
U.S. Stock Market

Greece's Unstable Finances Spur Low Opening

Stock index futures pointed to a lower open on Monday as concerns over Greece's teetering finances returned to the forefront and after equities suffered their worst quarter since 2008.
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Futures point to lower open on Greece concerns

Stock index futures pointed to a lower open on Monday as concerns over Greece's teetering finances returned to the forefront and after equities suffered their worst quarter since 2008.
U.S. Postal Service faces doomsday.

U.S. Postal Service: A Requiem

After posting an $8.5 billion loss last fiscal year, the postal service is on a pace to go $10 billion in the hole in fiscal 2012.
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Starbucks starts fund to spur U.S. jobs

Starbucks Corp on Monday said it is helping create a nationwide fund to help individuals and small businesses borrow money at low cost in a bid to spur U.S. job creation.
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Stock futures dip on Greece, Yahoo rallies

Stock index futures were modestly lower on Monday as concerns over Greece's teetering finances returned to the forefront and after equities ended their worst quarter since 2008.
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Low Temperatures Cause Giant Ozone Hole Above Arctic

Scientists have identified unprecedented levels of depletion of the ozone layer above the Arctic this spring. These levels were comparable to those found in the Antarctic, where a hole has formed every spring since the mid-1980s.
Gold bullion

Gold Rising in Asian, European Trading

Gold headed for its third straight daily rise on Monday, having in September posted its largest monthly slide since 2008, after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
Traders work on the floor of the New York Stock Exchange

Stock Futures Dip on Concerns About Greece

Stock index futures were modestly lower on Monday, extending equities losses from the previous session as concerns over Greece's teetering finances returned to the forefront.

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