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Oil drops towards $69 on dollar, position limits

Oil eased toward $69 a barrel on Monday, after a decision by a major U.S. commodities exchange to enforce limits on large positions increased uncertainty and the dollar strengthened slightly.

New Opel to invest 170 million euro in Russia: Magna

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The new Opel formed when Canadian automotive group Magna (MGa.TO) and its Russian partners take over the carmaker plans to invest 170 million euros ($247.5 million) in operations in Russia, Magna co-Chief Executive Siegfried Wolf said on Monday.

GM's Lutz says one 'cash for clunkers' enough

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The cash for clunkers stimulus program helped the auto industry but there is no need for another similar program, General Motors GM.UL Vice Chairman Bob Lutz said on CNBC on Monday.
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California lawmakers pass tougher clean energy goals

A bill that would power up California's already ambitious effort to shift to cleaner, renewable energy has cleared the state legislature, but it was uncertain if Governor Arnold Schwarzenegger would sign it
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Nortel to sell enterprise unit to Avaya

Nortel Networks Corp said Avaya Inc has emerged as the successful bidder at a bankruptcy auction for its Enterprise Solutions business and has agreed to pay $900 million in cash for the unit.
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Oil drops towards $68 on dollar, position limits

Oil eased toward $68 a barrel on Monday, after a decision by a major U.S. commodities exchange to enforce limits on large positions increased uncertainty and the dollar strengthened slightly.
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Obama aims to reinvigorate Wall Street reform

President Barack Obama will try on Monday to revive a stalled push for stricter oversight of Wall Street, using the anniversary of Lehman Brothers' collapse to argue for sweeping regulatory changes.
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China heaps scorn on U.S. tire duties

Chinese media and officials have heaped scorn on a U.S. decision to impose special duties on Chinese-made tires, extending Beijing's warnings that the move may fuel trade friction as global growth struggles to revive.
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Stock futures signal dip; Nextel in focus

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.63 percent, Dow Jones futures down 0.7 percent and Nasdaq 100 futures down 0.7 percent.
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Oil drops towards $68 as dollar bounces

Oil fell more than a dollar toward $68 a barrel on Monday as a rebound in the beaten-down U.S. dollar and nagging concerns that prices may have run ahead of market fundamentals extended last week's late sell-off.
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JAL shares jump on American Airlines, Delta talks

Shares in Japan Airlines jumped 8 percent on Monday on news American Airlines and Delta Airlines are considering rival investments in the struggling carrier to secure partnership ties and boost revenue from Asia.
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Japan shares hit by yen

The dollar crawled up on Monday from a one-year low against other currencies as speculators booked profits on bets against the greenback, while the yen's surge threatened Japanese exporters and drove Tokyo shares down.
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Investors should think global, execs say

The severity of the U.S. financial crisis exposed investors' need to whittle down a dependence on dollar-denominated assets and diversify globally, two of Wall Street's most influential figures said on Sunday.
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What is behind U.S. drone attacks in Pakistan?

A U.S. drone fired a missile at a Taliban vehicle in Pakistan's North Waziristan ethnic Pashtun tribal region on the Afghan border on Monday, killing at least four militants, Pakistani intelligence officials and residents said.
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Venezuela buys powerful missiles with Russian loan

Russia has agreed to lend Venezuela over $2 billion to purchase tanks and advanced anti-aircraft missiles in deals that show Moscow's commitment to working closely with Washington-foe President Hugo Chavez.
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Bin Laden warns U.S. on Israel ties: website

Al Qaeda leader Osama bin Laden warned the American people over their government's close ties with Israel in an apparently new audio tape posted on an Islamist website on Monday.
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Big mood shift seen in year after Lehman

U.S. stocks are poised to repeat their advance this week as investors bet that the economic recovery is gaining strength and company outlooks are turning rosier.
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Wells Fargo Malibu house scandal sparks outcry

Reports that a Wells Fargo & Co executive used a bank-owned, beachfront Malibu home as her own private party pad reignited outrage over unbridled excesses at firms that received U.S. bailouts.

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