Reuters - Asian stocks and commodity prices climbed on Monday after China unveiled a nearly $600 billion economic stimulus plan, one of many steps countries are taking to limit the economic fallout from the financial crisis.

AFP - The London stock market soared 2.43 percent to 4,471.03 points when trading began on Monday following huge gains for Asian share prices and a pre-weekend rally on Wall Street, traders said.

AP - Chinese stocks soared Monday after the government announced a $586 billion spending package aimed at fending off the impact of the global economic slowdown.

AFP - Asian stocks surged Monday after China unveiled a huge economic stimulus plan and major economies pledged to do their utmost to fight the financial crisis.

AP - Japan's main stock index jumped nearly 6 percent Monday, as investors shrugged off gloomy economic data and focused instead on the weaker yen, China's new economic stimulus package and last week's late gains on Wall Street.

AP - European stock markets opened higher Monday after Asia's markets were boosted by China's $586 billion plan to stimulate its economy, a main driver of global growth.

AP - Hong Kong's stock benchmark advanced 3.5 percent Monday after China unveiled a $586 billion package to protect its economy from a rapidly unfolding global slowdown.

AP - British telecommunications company Cable & Wireless PLC said Monday net profit for the first half of the year fell 20 percent because of one-time restructuring costs, which masked an otherwise strong growth in earnings. Shares rallied on the news.

AP - HSBC Holdings PLC, Europe's largest bank by market value, reported Monday that third-quarter profit rose, as growth in Asia and asset sales offset a poor performance in the United States, where bad loans continued to mount.

Reuters - World stock and commodity markets surged on Monday in reaction to China's plan to spend nearly $600 billion on stimulating its economy as G20 finance ministers pledged to do what is needed to revive financial markets.

AP - Dish Network says its third-quarter profit dropped 54 percent as the satellite TV operator lost subscribers and recorded impairments to reflect the reduced value of securities it holds.

AP - American International Group says continued financial market turmoil resulted in a large third-quarter loss.

AP - Dresdner Bank, a unit of German insurance group Allianz SE, said Monday it swung to a net loss of 2.4 billion euros ($3.1 billion) in the first nine months of the year, hurt by turbulent financial markets as well as weaker business activity.

AP - Wall Street is getting a lift from China's $586 billion stimulus package, a move that investors believe will help ease the global economic downturn.

AP - European stock markets traded higher Monday ahead of expected solid gains on Wall Street as sentiment across the world was boosted by China's $586 billion plan to stimulate its economy, a main driver of global growth.

AP - Share prices were higher at midday Monday on the London Stock Exchange.

Reuters - Nortel Networks Corp reported a large quarterly loss and announced a round of sweeping cost-cutting on Monday that includes laying off another 1,300 people as the economic downturn eats away at its business and strains its balance sheet.

AP - Tyson Foods Inc., the world's largest meat company, said Monday that higher sales drove fiscal fourth-quarter profit to $48 million from $32 million a year ago.

AP - Government-controlled mortgage finance company Fannie Mae said Monday it lost $29 billion in the third quarter as it took a massive tax-related charge and saw mortgage defaults continue to rise.

AP - EchoStar Corp., which sells set-top boxes and provides satellite television services to Dish Network, said Monday that its losses surged in the third quarter due to write-downs and other losses on troubled investments.

Reuters - U.S. meat giant Tyson Foods Inc reported a larger quarterly profit on Monday as better results at its beef and pork units, due in part to strong pork exports, more than offset losses in its chicken and its prepared-foods businesses.

AP - Wall Street strived to hold onto gains Monday, encouraged by a $586 billion stimulus package in China but still nervous about U.S. companies struggling with plunging sales.

AFP - The global economic storm raged unabated on Monday with fresh warnings of recession, lost earnings and mass job cuts but a huge Chinese economic stimulus plan boosted world stock markets.

Reuters - Nortel Networks Corp reported a $3.4 billion quarterly loss on Monday and announced a round of sweeping new cost cuts, including 1,300 layoffs, as a global economic downturn erodes its business and strains its balance sheet.

AP - Wall Street erased an early rally and sank Monday as enthusiasm fizzled about a $586 billion Chinese stimulus package and gave way to anxiety about how U.S. companies will survive a severe pullback in spending.

AFP - General Motors shares plunged more than 30 percent Monday after an analyst forecast their price would fall to zero, saying that even if there is a government bailout of the auto giant, shareholders would not benefit.

AP - World stock markets were mixed Monday as early enthusiasm over China's $586 billion economic stimulus plan dissipated amid renewed worries about the world economy after U.S. electronics retailer Circuit City Stores Inc. filed for bankruptcy protection.

AP - Share prices closed higher Monday on the London Stock Exchange.

AP - Tyson Foods Inc. said Monday that gains in its beef and pork units helped fiscal fourth-quarter profit rise 50 percent, but the world's largest meat company said high grain costs hurt its chicken business.

AP - Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and said it may have to tap the government's $100 billion lifeline as early as next year.

AP - Tribune Co., owner of the Los Angeles Times and Chicago Tribune, says it swung to a third-quarter loss of $121.6 million as newspaper advertising revenue fell.

AP - Tyson Foods Inc. had a bad year with its chicken segment, but pork and beef finished strong as the company announced Monday that it will push forward with expansion projects.

AFP - An expanded bailout for AIG and more bad news across corporate America sent US markets falling Monday, as the US Treasury's point man on the banking crisis said the financial system 'remains fragile.'

AP - Fewer U.S. customers and venti-sized costs for closing poorly performing stores led to lower sales and profit in the fourth quarter at Starbucks Corp., the company said Monday.

AP - Energy Conversion Devices, a maker of materials used for producing solar energy, swung to a profit in its latest quarter as revenues doubled, the company reported Monday.

AP - Tribune Co., owner of the Los Angeles Times and Chicago Tribune, other newspapers and the Chicago Cubs and Wrigley Field, said Monday it swung to a loss of $121.6 million for the third quarter as newspaper advertising revenue fell.

Reuters - Fashion company Liz Claiborne Inc posted lower adjusted quarterly profit on Monday that beat Wall Street estimates by two cents, and the company narrowed the range of its full-year earnings view.

AP - Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and warned that its $100 billion lifeline from the government may not be sufficient for its solvency should it continue to lose money.

Reuters - Casino operator Las Vegas Sands Corp_, which warned last week it was in danger of violating loan agreements, said on Monday it would suspend construction in Macau as it copes with a lack of financing options.

AP - Asian stock markets were lackluster Tuesday after weakness on Wall Street, as concerns about the global economy sapped enthusiasm over China's nearly $600 billion package to boost growth.