Stocks advance as oil falls, dollar advances - AP - 10 minutes ago
Wall Street advanced moderately Monday as a rising dollar cooled some concerns about inflation and helped keep oil prices in check.

Sprint Nextel 1Q deficit widens, fewer subscribers - AP - 32 minutes ago
Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs.

IndyMac Bancorp swings to 1st-qtr loss, sees 2008 loss - AP - 2 hours, 10 minutes ago
IndyMac Bancorp Inc. said Monday it swung to a loss in the first quarter as deteriorating credit markets forced the mortgage lender to lower the value of mortgage-backed securities, and warned it would not post a profitable quarter in 2008.

MBIA slides to huge 1Q loss on hefty charges - AP - 2 hours, 15 minutes ago
MBIA Inc. swung to a $2.41 billion loss during the first quarter as the bond insurer faced ongoing deterioration in the credit markets and recorded billions in write-downs.

US health secretary: Chinese Heparin shipped to US now safe - AP - Mon 7:10 am ET
A blood thinner manufactured in China and linked to dozens of deaths in the United States is now safe because of tighter testing and controls, a top American health official said Monday, while warning that all U.S. imports would face closer scrutiny in the future.

Oil prices retreat from last week's record high - AP - 2 hours, 7 minutes ago
Oil prices retreated Monday from last week's record close near $126 a barrel as the dollar strengthened against the euro and yen.

Australia's Westpac offers $14B for bank rival St. George - AP - Mon 7:38 am ET
Westpac Banking Corp. said Monday it has approached rival St. George Bank Ltd. with a $14 billion takeover offer that could lead to the biggest shakeup of Australia's banking sector in years.

Toyota says new US auto plant delayed - AP - Mon 5:57 am ET
A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by worries about slumping American auto sales and a broader U.S. economic slowdown.

China's April inflation near decade-high levels - AP - 2 hours, 51 minutes ago
China's inflation rose in April to near decade-high levels, according to data released Monday, increasing pressure on Beijing to cool rapidly ascending prices and avert possible unrest ahead of the Summer Olympics.