MARKETS / FINANCE

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China Mobile CEO: we're still in talk with Apple on iPhone

China Mobile CEO Wang Jianzhou said on Monday that the nation's biggest mobile provider is still in talk with Apple on iPhone, echoing Apple China's statement that its three-year agreement with China Unicom is not exclusive to the carrier.

U.S. judge rules against AIG in Starr case

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A U.S. judge on Monday ruled against American International Group in the giant insurer's legal battle with Starr International Co, affirming a July jury verdict that Starr did not breach a trust.

SEC warns on broker-dealer pay incentives

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U.S. regulators warned broker-dealer firms about creating incentives that may lead their brokers to engage in questionable conduct such as recommending unsuitable investment products, the Securities and Exchange Commission said on Monday.
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Oil drops below $70 on China economy fears

Oil prices fell nearly $3 to below $70 a barrel on Monday as fear of a curb in Chinese bank lending dented optimism about the pace of economic recovery and a potential rebound in global energy demand.
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Teamsters urge FedEx holders to split CEO, chair

The International Brotherhood of Teamsters union urged shareholders of FedEx Corp on Monday to back its effort to separate the positions of chairman and chief executive at the U.S. package delivery giant.
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Wall Street skids on China concerns

Stocks fell on Monday as concerns about the global economy's health weighed on Wall Street, following a hefty sell-off in Chinese equities.
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Oil drops 4 percent, below $70, on weaker equities

Oil prices fell nearly $3 to below $70 a barrel on Monday as a big drop in China's key stock index dented optimism about the pace of economic recovery and a potential rebound in global energy demand.
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Allen Stanford to undergo heart tests: lawyer

Allen Stanford, the Texas financier accused of a $7 billion fraud, is still hospitalized and will undergo tests to determine if there is blockage of veins or arteries in his heart, his lawyer's office, said on Monday.
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Oil drops over $3 toward $69, eyes weaker equities

Oil prices fell more than $3 toward $69 a barrel on Monday as a big drop in China's key stock index dented optimism about the pace of economic recovery and a potential recovery in global energy demand.
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Oil drops below $70, eyes weaker equities

Oil fell more than 4 percent to below $70 a barrel on Monday as a drop in China's key stock index dented optimism about the pace of economic recovery and the U.S. dollar strengthened.
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Oil drops to near $70, eyes weaker equities

Oil fell more than 3 percent to around $70 a barrel on Monday as a drop in China's key stock dented optimism about the pace of economic recovery and the U.S. dollar strengthened.
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JPMorgan says China banks eyeing Taiwan

Chinese banks are expected to seek investment opportunities in Taiwan, hoping to apply new government guidelines and tap the busy cross-strait commerce, J.P. Morgan's (JPM.N) Brian Gu told Reuters on Monday.
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Oil drops to $71, eyeing weaker equities

Oil fell more than 2 percent to around $71 a barrel on Monday as a drop in China's key stock dented optimism about the pace of economic recovery and the U.S. dollar strengthened.
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Oil drops to $71 as Chinese stocks fall

Oil fell more than 2 percent to around $71 a barrel on Monday as a drop in China's key stock index stoked worries about the pace of economic recovery and a revival in energy demand.

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