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Asian markets gain as China manufacturing expands
AP - Asian stock markets advanced Monday as an expansion in Chinese manufacturing added to hopes the global economy is slowly clawing its way out of recession.
World markets gain on strong manufacturing reports
AP - World stock markets rose strongly Monday after closely-watched manufacturing surveys reinforced hopes that the global economy may start to recover by the second half of the year.
Oil jumps to $68 on equities rally
Reuters - Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
China manufacturing sends stock futures sharply higher
Reuters - U.S. stock index futures rose more than 1 percent on Monday as stronger Chinese economic data lifted investor optimism that the worst of the global recession was past.
Euro soars to 2009 dollar high
AFP - The euro jumped above 1.42 dollars for the first time this year, as rebounding global stock markets persuaded investors to switch away from the safe-haven US currency, dealers said.
Global stocks rally as world awaits GM bankruptcy
AFP - World stock markets rose sharply on Monday as investors awaited the bankruptcy filing of General Motors, while rallying oil and metals prices boosted the share prices of energy and mining companies.
Euro jumps above $1.42
AFP - The euro jumped on Monday above 1.42 dollars for the first time this year, as rebounding global stock markets persuaded investors to switch away from the safe-haven US currency, dealers said.
Oil jumps to $68 on equities, dollar
Reuters - Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
Dow Jones swaps Travelers, Cisco for Citigroup, GM
AP - The Dow Jones industrial average is adding Travelers Cos. and Cisco Systems Inc., dropping Citigroup Inc. and General Motors Corp.
FTSE 100 up on GM news
AFP - The London stock market rallied on Monday amid investor relief over US car maker General Motors filing for bankruptcy protection.
Dow Jones swaps Travelers for Citigroup
AP - Seven years after being spun off by Citigroup Inc., Travelers Cos. is supplanting its former parent as a member of the Dow Jones industrial average.
Oil jumps 2 percent, factory data spurs recovery hope
Reuters - Oil jumped more than 2 percent on Monday, touching a near seven-month high as improving global factory activity bolstered expectations of an economic recovery.
Jury in Mich. reaches verdict in Kmart case
AP - A Michigan jury has reached a verdict in a civil trial against the former head of Kmart Corp.
Oil jumps 3 percent, factory data spurs recovery hope
Reuters - Oil jumped more than 3 percent to hit a near seven-month high over $68 a barrel on Monday as improving global factory activity bolstered expectations of an economic recovery.
How the major stock indexes fared on Monday
AP - The stock market rallied Monday after another batch of benign economic data. Readings on manufacturing, consumer spending and construction spending came in better than expected. The Dow Jones industrial average climbed to its highest close since early January, and the Standard & Poor's 500 index and Nasdaq composite advanced to their highest levels since last year.
SEC watchdog probing possible employee disclosures
AP - A score of pending investigations by the Securities and Exchange Commission's internal watchdog include several involving possible improper disclosure of confidential information by agency employees, including enforcement attorneys, the inspector general says.
Dow Industrials Axing GM, Citigroup
Investor's Business Daily - Adding insult to an injured General Motors, Dow Jones is dumping the carmaker from its prestigious market index Monday. The automaker shared the pain with Citigroup, which also lost its coveted position in the 30-stock Dow Jones Industrial Average.
Lions Gate posts larger-than-expected 4Q loss
AP - Lions Gate Entertainment Corp., the movie studio behind the 'Saw' horror franchise, said Monday it posted a larger-than-expected loss for its fiscal fourth quarter, though revenue came in better than forecast.
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