Wall Street falls as investors book gains (Reuters)
Reuters - U.S. stocks fell in light trading on Monday as investors took profits on recent gains, using middling economic data and worries about euro zone debt as a catalyst for shedding long positions.
U.S. sues Amex; Visa and MasterCard settle (Reuters)
Reuters - The Justice Department sued American Express Co on Monday, saying its rules preventing merchants from encouraging consumers to use cheaper, rival credit cards violate antitrust law.
Housing shows stability, factory orders fall (Reuters)
Reuters - Pending sales of previously owned U.S. homes hit a four-month high in August, a sign the housing market was stabilizing at very low levels following its sharp drop after a home-buyer tax credit expired.
Twitter COO Costolo replaces co-founder as CEO (Reuters)
Reuters - Twitter co-founder Evan Williams will hand the chief executive job to COO Dick Costolo, who joined the fast-growing microblogging company about one year ago to spearhead its money making efforts.
Flash crash panel should review brokers: Gensler (Reuters)
Reuters - The head of the U.S. Commodity Futures Trading Commission on Monday urged a regulatory panel to consider making recommendations on price and volume limits for brokered trades.
Stocks dragged down by banks (AFP)
AFP - Stock markets in London and across Europe fell on Monday, dragged down by the banking sector, while traders also mulled major takeover activity in the pharmaceutical sector and share price losses in Japan.
August factory orders decline 0.5 percent (AP)
AP - Orders to U.S. factories fell in August, reflecting a big drop in demand for commercial aircraft. But outside of the volatile transportation sector, orders rose for the first time since March.
Earnings, jobs on tap after September rally (Reuters)
Reuters - As September's surge fades into a fond memory, the question for the U.S. stock market is: Now what?
China's Wen urges stability of major currencies (AFP)
AFP - Chinese Premier Wen Jiabao called on Monday for stability in the exchange rates of major currencies even as Beijing comes under intense US and EU pressure to let the yuan appreciate.
Summary Box: Foreign buyers see opportunity (AP)
AP - INTEREST FROM ABROAD: Individual investors from Europe, South America, Asia, Russia and the Middle East are picking up cheap property across the U.S. Many plan to rent these houses and condos and then sell them once the housing market recovers.
Greek public deficit to be lower than IMF target: government (AFP)
AFP - The Greek public deficit will come to 7.0 percent of output next year, the government said Monday, beating a target of 7.6 percent set by the EU-IMF in their May bailout package for the country.
Irish economy slips further ahead of harsh cuts (Reuters)
Reuters - Ireland's brief economic upturn showed further signs of petering out on Friday, with weak manufacturing and retail sales data giving Prime Minister Brian Cowen little comfort ahead of a savage round of budget cuts.
Foreign buyers see big opportunity in housing bust (AP)
AP - The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos — designed by hipster tastemaker Kelly Wearstler — and their hotel-like amenities: poolside libations, daily housekeeping and room service food stirred up by a celebrity chef.
Contractor: BP interfered with critical efforts (AP)
AP - BP interfered with critical efforts to lower an undersea robot to try to close the device that failed to stop the massive Gulf of Mexico oil spill because of concerns over heat buildup from the burning rig, a salvage firm executive said Monday.
'Big Brother' champ admits guilt in tax, drug case (AP)
AP - The winner of the CBS reality show "Big Brother 9" pleaded guilty Monday to a drug charge and for failing to file a tax return for the year he won the show's $500,000 prize.