A U.S. grand jury has indicted 55 people for participating in scams that tried to bilk the U.S. government out of more than $250 million in undeserved tax refunds, U.S. prosecutors in California said on Monday.
Bank of America Corp shares fell nearly 8 percent to their lowest level since March 2009 as investors worried that a slowing domestic economy and European debt woes would batter it and other banks.
Ernst & Young , the world's third-largest accounting and consulting firm, said its global revenues rose 7.6 percent in fiscal year 2011 as investments in emerging markets bore fruit.
Euro zone finance ministers and officials were meeting on Monday to discuss the European Financial Stability Facility bailout fund and the economic situation in Greece.
SAIC Inc , a provider of technical services to the U.S. Defense and Homeland Security departments whose results been bruised by contract delays, said its chief executive would retire next year for personal reasons, and its shares fell about 2 percent.
CME Group Inc., the biggest operator of U.S. futures exchanges, said it will more than double the amount of physical gold it can accept from its clearing members as collateral.
Yahoo Inc struck a deal with ABC to use the media company's news on its website and to jointly produce journalism projects as well as sell Web advertising.
French entrepreneur Bernard Tapie risks fresh controversy by leading a rescue of betting site Full Tilt Poker which U.S. prosecutors accuse of running a Ponzi scheme.
Stocks tumbled more than 2 percent on Monday on investor concerns Greece would fail to avoid a default on its debt and the effect that may have on European lenders and the global economy.
Gold prices jumped Monday as growing pessimism over Europe's finance's drove investors out of stocks, the euro and industrial commodities and into the U.S. dollar and the yellow metal.
Factory activity expanded at a faster pace than expected in September as production and hiring increased, the latest sign of resilience in manufacturing despite faltering economic growth.
Shares of American Airlines parent AMR Corp
fell more than 18 percent on Monday as analysts debated the prospects for a bankruptcy filing for the third- largest U.S. airline, which lags its industry peers.Greece's admission that it will miss its deficit target this year despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout.
Stocks turned lower, with the Nasdaq falling 1 percent on Monday, led down by financial shares.
When Bank of America announced last week that it would begin charging a $5 monthly fee to customers using their debit cards at retail locations, it understandably caused a fair amount of complaining from consumers, a fact that was noted across the board by various media sources Friday. But it also inspired a wave of anger against banks in general.
Stocks were little changed on Monday as positive U.S. economic data helped to offset fears Greece may require increased euro zone financial assistance after news it will exceed its deficit targets.
European Goldfields said an investment deal with Qatar Holdings will enable it to fully finance projects in Greece at a time when its options were narrowing due to fiscal and economic uncertainty in the country.
Shares of Eastman Kodak rose more than 35 percent on Monday after the company said it had no intention of filing for bankruptcy.
Gold prices will rise by less than previously expected, according to a new short-term forecast by Swiss bank UBS released Monday.
U.S. stock fell on Monday as new evidence surfaced that Greece would have trouble clawing its way out of a debt crisis, even as data indicated some strength in the U.S. economy.
Wealthy individuals should buy gold as the yellow metal has become an attractive investment following last month's sharp reversal, private bankers in Asia said on Monday.
Ivanhoe Mines said on Monday it has advised the Mongolian government it is not prepared to renegotiate a landmark ownership deal at the massive Oyu Tolgoi copper-gold project in Mongolia's South Gobi region.
Factory activity expanded at a faster pace than expected in September as production and hiring increased, suggesting that manufacturing should help keep the economy out of recession.
Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.
Stocks fell on Monday as concerns over Greece's teetering finances returned to the forefront, extending losses from the previous week.
Gold retailers in the United Arab Emirates have to be more versatile with their products to avoid falling sales, a senior industry official said on Monday, defying retailers' complaints that the booming gold price has deterred customers.
Freeport-McMoRan Copper & Gold Inc said supervisory staff and volunteers are operating its Cerro Verde mine in Peru and production has not been hurt by a strike.
Jack Ma, the founder and CEO of Chinese e-commerce giant Alibaba, is keen on buying Yahoo Inc if the opportunity presents itself and has held discussions with other potential buyers about options.
Britain's prized triple-A sovereign debt rating could come under pressure if the government strays from its path of public deficit cuts in the face of weaker growth, credit agency Standard & Poor's said on Monday.
Stock index futures pointed to a lower open on Monday as concerns over Greece's teetering finances returned to the forefront and after equities suffered their worst quarter since 2008.
