UNITED STATES

Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young LLC over the collapse of Lehman Brothers Holdings Inc, the Wall Street Journal said on Monday, citing people familiar with the matter.

U.S. online sales are up 12 percent to $27.5 billion so far this holiday shopping season compared with a year ago, according to research firm comScore.

After being crowned Time Person of the Year Facebook CEO Mark Zuckerberg is in China and is reported to have visited China's top search engine, Baidu's office.

Since losing her job last April, Laurianne Dobbins has known one thing: she wasn't going to let her skills get rusty.

Stocks drifted on Monday as investors were reluctant to push stocks higher after briefly touching another high for the year.

The European Union agreed on Monday to ban Cote d'Ivoire's incumbent President, Laurent Gbagbo and his aides, the BBC reported. The Gbagbo regime is likely to be slapped with harsh sanctions from the West. The sanction could also include freezing the personal overseas assets of the president and his men and issuing visa bans.

No. 2 U.S. mobile service AT&T Inc said it agreed to buy mobile television spectrum licenses from Qualcomm Inc for $1.93 billion, to provide advanced 4G mobile broadband.

Ford Motor Co will introduce a seven-passenger C-Max minivan to the North American market in 2012, a vehicle that is smaller than most current minivans in an effort aimed at young families.

U.S. energy firm Chevron said on Monday it had suspended production from an oil pipeline in Nigeria's Delta state, which was breached on Friday. Chevron said it was investigating the damage to the Dibi-Abiteye pipeline, which feeds the Escravos oil stream, but did not comment on how much production would be lost.

Online spending in the United States rose 12 percent to $27.5 billion till date this holiday shopping season. Free Shipping Day punctuated an exceptional week in which consumers spent more than $5.5 billion online, representing a 14 percent increase from last year, research firm comScore said.

U.S. stock index futures rose on Monday as Wall Street looked to extend three weeks of gains as some investors said shares could rally in a thinly traded, holiday-shortened week.

GBP/USD held just above Friday's 3-month low early Monday in Europe amid fresh tensions in the Korean peninsula that fed the greenback with safe-haven demand while the sterling awaited a less important mortgage approvals data by the Bank of England, due later in the session.

Lindsay relocated to another facility after receiving strange threatening messages.

The South Korean military has begun live-firing exercises on Yeonpyeong Island, the country's defense ministry announced on Monday. Local residents were ordered to move into air raid bunkers ahead of the drills. The move comes at the time of heightened tensions in the region and constant threats of retaliation from the North.

Stock index futures pointed to modest gains for Wall Street on Monday, with futures for the S&P 500, Dow Jones Industrials and Nasdaq indexes all up by around 0.1 percent by 0933 GMT (4:33 a.m. EDT).

World stocks held steady below a recent two-year high on Monday while the euro hit a two-week low as concerns over the euro zone debt crisis persisted following last week's Irish rating downgrade.

Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young LLC over the collapse of Lehman Brothers Holdings Inc, the Wall Street Journal said, citing people familiar with the matter.

Cricket Communications is launching a new music service for wireless customers, offering unlimited song downloads as part of a monthly rate plan.

Nunavut Iron Ore Acquisition Inc, backed by a U.S. private equity firm, said on Sunday it opposes anti-shareholder actions of Canadian miner Baffinland Iron Ore Mines.

Apple’s iPhone has been widening US trade deficit with China even though it is entirely designed and owned by an American company, says a study.

Wall Street banks have been gripped by a certain euphoria in recent weeks, with their economists touting a modest improvement in U.S. data as an omen of more robust growth to come in 2011.