Reuters - Stock index futures pointed to a lower open on Monday as investors paused after a five-week rally to prepare for key company earnings later in the week, and some bank stocks reversed part of their sharp gains from last week.
Reuters - Diversified U.S. manufacturer SPX Corp slashed its 2009 profit forecast by about 18 percent, warning that it expects revenue to be weaker than forecast as a global downturn hurts demand for its products.
AP - Adm. William Gortney said Monday that it took only three shots for Navy snipers to kill the trio of pirates holding captain Richard Phillips hostage on a lifeboat drifting on the high seas.
AFP - Pakistan accused the United States and the West on Monday of generating "ill will" and warned US Senator John Kerry against attaching conditions to a massive aid package.
The Nation - The Nation -- (1) There is nothing sacred about the Fed (2) Power is overly centralized in the Executive branch and the federal government (3) Power is overly concentrated in agencies that are not designed to be responsive
Prescription benefits manager Express Scripts Inc. said Monday it is buying health insurer WellPoint Inc.'s pharmaceutical benefit management subsidiaries for just under $4.68 billion.
AP - Digital security software company Entrust Inc. said Monday it agreed to be bought by an affiliate of the private investment firm Thoma Bravo LLC in a deal valued at $114 million.
Reuters - U.S. banks that received money under the Troubled Asset Relief Program (TARP) are facing a probe over increases in rates and fees, the Wall Street Journal said.
Reuters - India's Tech Mahindra won a bidding auction for fraud-hit Satyam Computer Services on Monday, in a deal that could lift the mid-sized outsourcer into the top tier of local software services firms.
Reuters - Asian stocks rose on Monday on hopes for the global economy, with Taiwan shares hitting a near 7-month closing high, while oil prices slipped below $52 after a dramatic oil demand downgrade by the International Energy Agency.
Reuters - The U.S. Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by June 1, even though the automaker has publicly stated it could reorganize outside of court, The New York Times reported on Sunday.
The U.S. economy is showing only glimmers of life and two costly wars remain in the balance, but President Barack Obama's "no drama" handling of the Indian Ocean hostage crisis proved a big win for his administration
AP - The U.S. economy is showing only glimmers of life and two costly wars remain in the balance, but President Barack Obama's "no drama" handling of the Indian Ocean hostage crisis proved a big win for his administration in its first critical national security test.
President Barack Obama twice authorized the military to rescue a U.S. captain who was being held by Somali pirates and whose life appeared to be at risk, administration official said after Sunday's rescue.
AP - A U.S. military official says Navy Seals and other officers opened fire on three pirates when a Navy commander made a split-second decision that an American hostage's life was in danger
AP - President Barack Obama twice authorized the military to rescue a U.S. captain held by Somali pirates and whose life appeared to be at risk, administration official said hours after Sunday's rescue.
Friday night in northern New Jersey, circa April 2009, offers clues to prove any theory about the American economic meltdown, depending on what you want to believe.
Premier Wen Jiabao said China's economy was showing "positive changes" but called for more efforts to combat the impact of the global financial crisis, state media reported Sunday.
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