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AT&T to deliver Napster songs directly to phones

AT&T Inc, the biggest U.S. mobile service, said on Monday it would offer wireless song downloads from Napster Inc's digital music service, expanding an existing agreement.

Fed's Poole: cut only if confident won't rue move

Federal Reserve Bank of St. Louis President William Poole said on Friday that interest rates are about right and if the Fed decides to cut again, it ought be confident it will not have to quickly reverse course.

China a better deal than India for modern retailers

Multinational retailers are waiting for India's chaotic industry to settle down.

Bear Stearns and CITIC set alliance

Bear Stearns Cos, the U.S. investment bank battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday. The deal would bolster access to business in booming China for Bear, which lags bigger Wall Street rivals in expanding its business beyond the United States.

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Greenback hits new lows

The dollar hit a record low against the euro on Monday as traders seized on Group of Seven finance officials' apparent indifference toward dollar weakness as a cue to dump the ailing greenback.

Iran's hawks winning nuclear policy argument

A change in Iran's top nuclear negotiator indicates President Mahmoud Ahmadinejad and those who oppose any compromise in an atomic standoff with the West are winning the policy argument in the Islamic Republic.

E3 video game trade show in radical downsizing

When the annual trade show once known simply as E3 kicks off this week, attendees will discover a distinctly downsized event.

Economic, credit worries rattle investors

Worries about the world-leading U.S. economy and fears over bank credit rippled across financial markets on Monday, sending stocks sharply lower and dragging the dollar to a record low against the euro.

Oil extends fall to $88

Oil prices fell on Monday, extending the previous session's decline on profit taking from record highs, but clung to $88 on violence between Turkish soldiers and Kurdish guerrillas and a record-low dollar.

Group of Seven fail to address dollar decline

Fiscal policy makers from the Group of Seven meeting this week in Washington this week did not specifically address the issue of the dollar trading near all-time lows versus the euro in recent weeks.

Surprise! Internet actually a boon for books

So much for predictions that the Web would crush the book publishing industry.

Chrysler deal vote mixed in early results

United Auto Workers members at a major Chrysler LLC assembly plant in St. Louis have overwhelmingly rejected a proposed contract with Chrysler, delivering a setback to union leadership in early voting on the four-year deal.

Halo 3 drives September U.S. video game sales

U.S. sales of video game hardware and software jumped 75 percent in September, driven by Microsoft Corp's Halo 3 and Nintendo Co Ltd's Wii console.

AT&T says plans to participate in wireless auction

AT&T Inc said on Friday it plans to participate in an upcoming government auction of airwaves in the 700-Megahertz spectrum band, but it is still deciding whether to bid for a portion of the spectrum reserved for open access.

Bush expands sanctions against Myanmar rulers

President George W. Bush expanded U.S. sanctions against Myanmar's rulers on Friday, accusing them of "vicious persecution" of democracy protesters, and urged China and India to step up pressure on their neighbor.

Wall Street sinks on Black Monday's anniversary

Caterpillar Inc.'s warning that the housing slump was infecting the wider economy sent U.S. stocks tumbling by the most in more than two months on Friday, spooking investors on the 20th anniversary of the 1987 market crash.

Concerns over Black Monday redux

The 20th anniversary of the stock market's brutal 1987 crash have some wondering if it could happen again in today's market.

G7 finance chiefs aim to calm uneasy global markets

With global economic growth waning and a credit crunch threatening, finance chiefs from rich nations were gathering on Friday to mull how to control strains in financial markets and keep expansion going.

Wachovia profit falls on write-downs

Wachovia Corp posted on Friday a 10 percent decline in third-quarter profit, missing forecasts, as the fourth-largest U.S. bank suffered $1.3 billion of write-downs at its investment banking unit.

Caterpillar net misses expectations

Caterpillar Inc, the world's top maker of earth-moving equipment, diesel engines and gas turbines, posted disappointing quarterly earnings on Friday and cut its full-year forecast, sending its shares down 3.5 percent.

Dollar sets fresh lows

The dollar slid to a fresh record low against the euro and a basket of currencies on Friday, pressured by the growing view that a slowdown in the U.S. economy will force another cut in interest rates this month.

Pakistan says Islamist militants behind Bhutto attack

The twin blast which killed 133 people as opposition leader Benazir Bhutto drove through masses of supporters in Karachi has been blamed on Islamist militants.

Oil breaks through $90

Oil surged beyond $90 to a new peak on Friday as tight fuel stocks ahead of winter and a softening dollar spurred investor buying. Oil's rally -- which has seen six straight days of record highs for U.S. crude -- has been fuelled by unprecedented weakness in the dollar, a factor that has supported all dollar-denominated commodities.

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