FT.com - Banking stocks pulled London equities into negative territory on Monday, as investors took profits after the sector's strong run on persistent bid rumour. But more concrete M&A activity sent the house building sector higher, limiting losses.
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With the ever demanding need for speed and requirement to download large files on the internet, it is common place for a large percentage of homes and business users to purchase a broadband internet connection.
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AP - Upscale jewelry retailer Tiffany & Co. on Monday said fourth-quarter net income was nearly flat, weighed by an impairment charge. The company offered a mixed outlook, sending shares slightly down in morning trading.
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Reuters - General Motors Corp. offered DaimlerChrysler AG (DCXGn.DE) a stake of less than 10 percent of its own stock in an early, "longshot" bid to acquire Chrysler Group, the Detroit News reported on Monday.
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Reuters - Citigroup Inc. said on Monday it will announce results of its cost review by mid-April, amid reports it may cut 15,000 jobs as shareholders demand better performance and a higher stock price.
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Reuters - International Business Machines Corp. said on Monday it formed a unit that will sell software and computers for processing mortgage applications and also manage processing of home-loan paperwork on behalf of lenders.
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Reuters - Shares of U.S. home builders fell more than 2 percent on Monday after a government report showed new home sales declined 3.9 percent in February.
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Reuters - Walgreen Co. , one of the largest U.S. drugstore chains, posted a better-than-expected 25 percent increase in quarterly profit on Monday, boosted by strong holiday sales and continued growth in prescription drugs.
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