GM in talks on partial Saab sale to BAIC: sources
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Reuters
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2 hours, 42 minutes ago General Motors Co is talking to BAIC, China's fifth largest car maker, about a partial sale of assets associated with its Saab brand, including tooling and technology, two people with direct knowledge of the discussions said.
Bernanke says economy improving
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Reuters
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Mon 7:31 pm ET Federal Reserve Chairman Ben Bernanke on Monday said the U.S. economy's recovery remained fragile and unemployment may be high for some time, cooling anticipation of an early increase in U.S. interest rates.
Chrysler/Fiat CEO OK with two hats for now
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Reuters
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Mon 6:24 pm ET Sergio Marchionne believes he can keep up his transatlantic commute for two years before something would have to be done about his dual role as head of Italy's Fiat and Chrysler.
SEC charges ex-N.Century execs in subprime case
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Reuters
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Mon 6:21 pm ET Three former executives at now-bankrupt lender New Century Financial Corp were charged with fraud by U.S. securities regulators on Monday, the latest government effort to pursue wrongdoing in the subprime mortgage market.
Banks meet with Dubai World: report
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Reuters
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Mon 6:01 pm ET A group of international and regional banks met Dubai World for the first time on Monday as talks began on the company's efforts to restructure $26 billion of debt, the Financial Times reported on Monday.
S&P 500, Nasdaq end down as banks, tech weigh
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Reuters
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Mon 5:54 pm ET The S&P 500 and Nasdaq ended slightly lower on Monday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery.
Probe extended in U.S. insider trade case
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Reuters
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Mon 5:28 pm ET Eight people charged in a coast-to-coast U.S. hedge fund insider trading investigation have at least one more month for possible resolution of their criminal cases, according to court records on Monday.
FedEx raises fiscal 2nd-quarter forecast, shares rise
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Reuters
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Mon 5:20 pm ET FedEx Corp said on Monday that its second-quarter earnings would easily beat its previous forecast, citing strong growth in international demand for its air services, especially in Asia and Latin America, and its shares rose more than 3 percent.
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