Oil extended its losses to ease below $79 a barrel on Tuesday, after a nearly 3 percent slump in the previous session amid a wider slide in commodities tied to a rebound in the U.S. dollar.
With just over a day remaining until a strike deadline, representatives of the United Auto Workers union and Chrysler LLC bargained into Tuesday morning in a bid to reach a new contract for some 49,000 U.S. factory workers.
The government wants Blackwater to pay $8 million in compensation to each of the families of 17 people killed in a shooting.
Restaurant operator Yum Brands Inc reported better-than-expected quarterly earnings and boosted its full-year outlook on Monday, sending its shares up more than 4 percent in extended trading.
The dollar rose Monday on investor speculation that the U.S. economy may continue to show signs of strength and escape recession.
Crude Oil Falls More Than $2 as Dollar Rebounds
Blue-chip stocks dipped on Monday as a 2 percent drop in oil prices dragged the energy sector lower and investors locked in profits after Friday's rally.
JPMorgan Chase & Co Chief Executive Jamie Dimon has given investors plenty to worry about throughout the year, but they have shrugged off his cautionary remarks and embraced his couched reassurances. It might be time to reconsider Dimon's cautionary side after Merrill Lynch & Co Inc unveiled a $5.5 billion credit implosion last week.
Negotiators from Chrysler LLC and the United Auto Workers were set to resume contract talks on Monday after the union set a deadline for wrapping up negotiations this week. The struggling No. 3 U.S. automaker has been given a 72-hour strike notice by the UAW as they negotiate a new labor agreement, a person familiar with the talks said on Monday.
Worries about a U.S. economic downturn and its fallout across the world eased on Monday, lifting the dollar and Asian stocks although European shares took a breather after a five-session rally.
Wireless service provider Sprint Nextel Corp agreed to settle a patent lawsuit against Vonage Holdings Corp for $80 million, triggering a sharp rebound in the Internet phone company's shares on Monday. The news of a settlement pushed Vonage shares up 74 percent to $2 in early composite trade. However, they are still a fraction of their May 2006 initial public offering price of $17.
Oil fell more than $1 on Monday to below $80 a barrel, tracking a firming U.S. dollar which rebounded from recent record lows.
Sony Corp will start selling a new configuration of its PlayStation 3 video game console, with less built-in storage capacity, in Europe on October 10, priced at 399 euros, the company said on Friday.
Morgan Stanley is unleashing a major drive to tap India's domestic wealth next year, hiring 100 private bankers in a bid to manage $1 billion in assets by the end of 2010.
Minsheng Banking Corp will buy 9.9 percent of San Francisco-based UCBH Holdings for more than $200 million in the first strategic investment by a mainland Chinese bank in a U.S. bank.
A Royal Bank of Scotland-led consortium is set to claim victory in the takeover battle for ABN AMRO on Monday, shifting investor and market attention to the unprecedented integration challenge ahead.
Indonesia wants to be paid $5-$20 per hectare not to destroy its remaining forests, the environment minister said on Monday, for the first time giving an actual figure that he wants the world's rich countries to pay.
Costa Ricans narrowly approved a free trade deal with the United States in a referendum on Sunday that has split the Central American nation like no other issue in decades.
The United States and Japan are locked in a dispute over Washington's demand that Tokyo shoulder more costs for water supplies and utilities at U.S. military bases in Japan, media reports said on Monday.
Mexican President Felipe Calderon criticized the planned U.S. border fence designed to stem illegal immigration, saying countries should be "building bridges, not fences" in an interview broadcast on Monday.
Stock futures were little changed on Monday as investors paused after major indexes hit record highs on Friday and before the start of the quarterly earnings reporting season.
The researchers who pioneered the creation of "designer mice" to track the role of different genes in human development and disease have won the 2007 Nobel medicine prize, Sweden's Karolinska Institute said on Monday.
