NEW YORK (Reuters) – Shares of Citigroup Inc fell 2.5 percent on Monday amid a broad slide in financial stocks as investors took profits after last week’s rally.

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U.S. bank, financial stocks off after rally last week

The decision to release the only person convicted in the Lockerbie bombing was based on justice rather than commercial decisions, a senior Scottish politician said Monday. The comments came after a British newspaper reported government officials allowed Abdel…

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Libya – Lockerbie – Her Majesty’s Government – Abdelbaset Ali Mohmed Al Megrahi – British government

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Scotland: Lockerbie decision based on ‘justice’

The judge presiding over Tribune Co.’s Chapter 11 bankruptcy case is set to hear from attorneys regarding the company’s sale of the Chicago Cubs baseball team. Judge Kevin Carey scheduled a hearing Monday on a motion by Tribune attorneys outlining a two-step…

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Chicago Cubs – Tribune Company – Baseball – Chapter 11 Title 11 United States Code – Wrigley Field

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Tribune bankruptcy judge considers Cubs sale

WASHINGTON (Reuters) – New York Federal Reserve Bank President William Dudley said it is too early to talk about curtailing the central bank’s long-term security purchases while the economic recovery is fragile.

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Fed’s Dudley says too early to mull curbing Fed purchases

LONDON (Reuters) – Oil fell more than 2 percent to around $71 a barrel on Monday as a drop in China’s key stock dented optimism about the pace of economic recovery and the U.S. dollar strengthened.

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Oil drops to $71, eyeing weaker equities

The Canadian economy contracted at a 3.4 percent annual pace in the second quarter. Monday’s report from Statistics Canada follows a 5.4 percent decline in the first quarter of 2009. The head of Canada’s central bank has said he expects growth in the third…

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Central bank – Economy of Canada – Canada – Government – Statistics Canada

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Canada’s economy shrinks 3.4 percent

It’s been a month to forget for Chinese investors, and the last day of August was the worst of all. The Shanghai benchmark index plunged 6.7% today, its worst one-day fall in over a year. Since hitting a high of 3478 in early August, the once-torrid Shanghai market has fallen 23%, which …

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Bear is Back as Chinese Stocks Plunge

It’s been a month to forget for Chinese investors, and the last day of August was the worst of all. The Shanghai benchmark index plunged 6.7% today, its worst one-day fall in over a year. Since hitting a high of 3478 in early August, the once-torrid Shanghai market has fallen 23%, which …

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The Bear is Back as Chinese Stocks Plunge

Indexes were headed for a lower open Monday in sympathy with markets worldwide after China’s benchmark index tumbled 6.7%

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Shanghai Plunge Weighs on U.S. Stocks

Carl Russo, the legendary entrepreneur who sold a start-up to Cisco for $7 billion several years ago, can be proud of another milestone. On Aug. 31, Calix, a networking equipment company where Russo is CEO, announced …

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Calix Raises $100 Million in Funding

Union Pacific wants used car dealers to start shipping more of their cars by train. So, the Omaha-based railroad has launched a new Web site and service called http://www.shipcarsnow.com. The Web site offers tools for car dealers to use to ship cars either by…

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Used car – Car dealership – Business and Economy – Motoring – Automotive

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Union Pacific trying to ship more used cars

Q: I checked my credit report and saw an inquiry from the hospital system where my wife recently gave birth. What’s the purpose of a credit inquiry by a health care provider? Could someone be denied care based on their…

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Credit checks at hospitals do not determine care

NEW YORK (Reuters) – Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.

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Stock futures lower as China equities, commodities fall

Chancellor Angela Merkel says she still hopes to form a new center-right government after the national German election on Sept. 27, despite losses for her conservatives in weekend state elections. Merkel’s Christian Democrats lost majorities in two states in…

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Germany – Angela Merkel – Chancellor – Christian democracy – Centre-right

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Merkel confident for Germany’s Sept 27. election

A Brazilian official said Monday that the World Trade Organization has authorized Brazil to target U.S. products in retaliation for the United States’ failure to eliminate illegal subsidies to American cotton growers. The official said the value of the…

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World Trade Organization – United States – Brazil – US – Economic sanctions

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Official: WTO OKs Brazilian sanctions on US goods