MARKETS / FINANCE

The basic materials and energy sectors led stocks lower on Monday after China, the world's second-largest economy, cut its growth target for 2012.

The owners of the New York Mets baseball team on Monday lost their bid to end a $386 million lawsuit brought by the trustee seeking money for victims of Bernard Madoff's fraud.

The U.S. Internal Revenue Service's new software system for handling electronic tax returns has experienced problems during the tax filing season, angering some taxpayers whose refunds have been delayed.

Stocks fell on Monday, dragged lower by the basic materials and energy sectors after China, the world's second-largest economy, cut its growth target for 2012.

Gran Colombia Gold announced on Monday the discovery of an additional 76 percent in measured and indicated gold within its Segovia Operations in Antioquia, Colombia.

Although specifics of Apple’s (Nasdaq: AAPL) iPad 3 introduction will be announced Wednesday, it’s not too early for investors to devise a strategy to benefit.

Only 8.6 percent of Greeks polled held a favorable view of the Germans (who, not coincidentally, happen to be Athens’ largest creditor).

President Obama had some strong words for Iran during his speech on Sunday, but was optimistic about the impact of continued economic sanctions. Reactions to his comments have been largely positive, although interpretations have varied greatly in both Israel and the United States.

The much beleaguered people of Greece have apparently turned the bulk of their anger upon Germany, the most powerful economy in Europe.

Stocks fell on Monday, dragged lower by the basic materials and energy sectors after China, the world's second-largest economy, cut its growth target for 2012.

Yahoo Inc's new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog.

The pace of growth in the U.S. services sector unexpectedly picked up in February to its highest level in a year, according to an industry report released on Monday.

The European Central Bank is likely to signal on Thursday that it has done all it intends to do to fight the euro zone crisis, putting the onus back on governments after cutting interest rates and flooding the market with cash in recent months.

Major holders of Greek government debt said on Monday they will take part in a bond swap plan.

Stocks extended losses on Monday as data showing a decline in European private sector activity last month and a reduced target for China growth renewed concerns about the global economy, while a drop in Apple shares hit the Nasdaq.

The stunning development was met with cautious optimism by the U.S., South Korea and China,

The euro zone is out of the emergency ward, but it may face a chronic debilitating illness rather than a rapid convalescence.

Major holders of Greek government debt said on Monday they will take part in a bond swap plan.

New orders for factory goods dropped in January by the most in over a year and businesses cut orders for new capital goods, suggesting one of the drivers of the economic recovery faltered at the start of the year.

Wall Street stocks eased on Monday after data showing a decline in European private sector activity last month and a reduced target for China growth gave investors reason to pause.

Advanced Micro Devices (NYSE: AMD), Intel’s smaller rival, said it will sever corporate ties with Abu Dhabi’s GlobalFoundries in a bid to recover independent status as a top chip designer.

Canadian gold miner AuRico Gold Inc. said Monday its reserves of gold shot up last year by more than one million ounces on its acquisition of Capital Gold Corp. and Northgate Minerals Corp.

American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bailout.

Stock index futures eased on Monday after data showing a decline in European private sector activity last month and a lower target for China growth gave investors reason to pause.

The $64 billion global video games industry, shaken up by the likes of Zynga in recent years, may be on the verge of another identity crisis.

Euro zone shoppers increased spending in January, a surprise after four months of falls but economists said a quarterly reading that smoothes over the data still showed a large decline.

The European Commission moved one step closer on Monday to forcing companies to increase the number of women on their boards with a consultation on imposed quotas that could prove divisive among some member states and industry bodies.

Gold prices slid below $1,700 an ounce in Europe on Monday as weaker-than-expected euro zone economic data lifted the dollar versus the euro, and as appetite for assets seen as higher risk, like stocks and commodities, suffered after China set its lowest annual growth target in eight years.

Stock index futures fell on Monday after data showed Europe's private sector activity declined last month and China cut its growth target, reigniting concerns about the strength of the global economy.