AFP - The London stock market fell sharply Monday but managed to trim its losses late in the day.
Steven Wevodau
Reuters - MasterCard Inc and Visa Inc said they agreed to pay credit card issuer and network Discover Financial Services Inc a total of $2.75 billion to settle a lawsuit over anti-competitive practices. Steven Wevodau
Reuters - Stocks closed at their lowest levels in 5-1/2 years on Monday, extending a global sell-off as worry about the severity of a global recession and the bleak outlook for profits gripped investors.
Steven Wevodau
Reuters - Car rental company Avis Budget Group Inc cut 700 jobs in the third-quarter and recorded a loss, before taxes, of more than $1 billion after writing down the value of certain assets, it said on Monday.
Steven Wevodau
AP - Wal-Mart Stores Inc., the world's largest retailer, is benefiting from shoppers turning to less-expensive stores to save money. Still, the company is scaling back its U.S. store growth for its namesake stores as it adjusts to a challenging economic environment. Steven Wevodau
Reuters - The U.S. government is considering direct financial assistance to facilitate a possible merger between General Motors Corp and Chrysler LLC, a private sector source familiar with Treasury discussions told Reuters on Monday.
Steven Wevodau
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