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Oil falls 3.2 percent on signs demand still weak

Oil prices settled 3.2 percent lower on Monday as further signs of weak fuel demand raised expectations that prices may have raced ahead of the nascent economic recovery.

Electricity costs should rise to reflect demand: Chu

As the United States' power grid becomes more sophisticated, electricity rates will need to rise to reflect periods of intense energy use and to encourage consumers to change their electricity habits, U.S. Energy Secretary Steven Chu said on Monday.

More troops or Afghan war lost: U.S. commander

The Afghan war will be lost unless more troops are sent to pursue a radically revised strategy, the top U.S. and NATO commander said in a confidential assessment that lays out stark choices for President Barack Obama.

Europe, U.S., China must take IMF medicine: Trichet

Persuading Europe, the United States and China to accept International Monetary Fund advice on economic polices may be difficult, European Central Bank President Jean-Claude Trichet said on Monday.

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Oil falls 3.7 percent on signs demand still weak

Oil prices fell by 3.7 percent toward $69 a barrel on Monday as further signs of weak fuel demand raised expectations that prices may have raced ahead of the nascent economic recovery.

CO2 emissions tumble; leaders to meet on climate

Recession is set to cause the sharpest fall in world greenhouse gas emissions in 40 years, according to an estimate on Monday as world leaders gathered in New York to try to break deadlock on a new climate treaty.

TJX board approves up to $1 bln buyback

U.S. off-price retailer TJX Cos Inc said on Monday that its board approved a buyback of up to $1 billion of its common stock.

Caterpillar says August dealer sales down 48 percent

Caterpillar Inc said on Monday that dealer sales of its heavy equipment fell 48 percent in August, with the sharpest declines in the U.S. blue-chip industrial's truck and bus and industrial segments.

U.S. leading index rises to 1-1/2 year high in Aug

An index measuring the U.S. economy's prospects rose for a fifth straight month in August to a 1-1/2 year high as stock market prices surged on views a recovery had started.

Lady Gaga, Kings of Leon head MTV Europe shortlist

U.S. artists Lady Gaga and Kings of Leon led the nominations for November's MTV Europe Music Awards with five apiece, one ahead of compatriot Beyonce.

Oil falls towards $69 on signs demand still weak

Oil prices fell by almost 3.5 percent toward $69 a barrel on Monday as further signs of weak fuel demand raised expectations that prices may have raced ahead of the nascent economic recovery.

U.S. mortgage delinquencies set record: Report

High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc credit bureau showed on Monday.

Nasdaq turns positive on biotech boost

The Nasdaq turned positive on Monday as shares of biotechnology companies advanced, but the drag from retreating commodity prices kept both the Dow and the S&P 500 in negative territory.

HBO dominates Emmys again, networks hold ground

HBO again dominated the Primetime Emmys on Sunday, but the premium cable channel had to share some of the glory with lowly broadcast network NBC and public broadcaster PBS.

Palm faces rough year as phone rivals loom large

It could be a rough holiday season for shareholders of Palm Inc as they wait to see if new smartphones can compete with the likes of Apple's iPhone, Motorola's new Cliq and the Blackberry.

Wall Street dips as commodities, Caterpillar, data drag

U.S. stocks fell on Monday as a resurgent U.S. dollar took a toll on commodity prices and investors paused to gauge if the outlook for corporate profits justified the market's recent run to 11-month highs.

Lennar reports deeper loss, but sees turn in 2010

Lennar Corp reported a deeper-than-expected quarterly loss as the No. 3 U.S. homebuilder wrote down the value of land and generated less revenue than Wall Street had forecast, sending its shares down more than 6 percent.

Vivendi silent on NBCU stake sale report

Vivendi declined to say on Monday what it planned to do with its 20 percent holding in U.S. media and entertainment group NBC Universal amid mounting speculation that it could decide to unload the stake this year.

Wall Street extends losses after economic data

U.S. stocks extended losses on Monday, sending the S&P 500 index down 1 percent, after a weaker-than-expected reading in a forward-looking measure of the U.S. economy.

Wall Street drops as resources shares, CAT weigh

U.S. extends tax amnesty deadline to Oct 15: report

U.S. tax authorities will extend a limited amnesty program for U.S. taxpayers who have undeclared income on foreign accounts to October 15 from September 23, The Wall Street Journal said on Monday, citing unnamed government officials.

Lennar touts signs of recovery as loss widens

Lennar Corp , the No. 3 U.S. homebuilder, reported a larger quarterly loss on Monday, as it wrote down the value of land and other assets to deal with the recession, but it pointed out signs of real estate market recovery.

Oil falls below $70 on signs demand still weak

Oil fell by more than 3 percent to below $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.

New blood tests promise simple cancer detection

Two new blood tests could help doctors detect colon and stomach cancers simply, cheaply and early without the need for invasive procedures or unpleasant examinations, researchers said on Monday.

Wall Street to open lower after run-up; Perot higher

U.S. stocks headed for a lower open on Monday as a resurgent U.S. dollar took a toll on global commodity prices, with futures suggesting Wall Street would open down nearly 1 percent.

Mosquito-borne African virus a new threat to West

The United States and Europe face a new health threat from a mosquito-borne disease far more unpleasant than the West Nile virus that swept into North America a decade ago, a U.S. expert said on Friday.

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