Treasury to sell Citi common shares in 2010

The Treasury on Monday pledged to sell its 7.7 billion Citigroup Inc <C.N> shares this year, a step that further reduces the government's influence on the banking giant.

Ex-IBM exec latest to plead guilty in Galleon case

Robert Moffat, a former senior executive of International Business Machines Corp <IBM.N> whose phone conversations were recorded by the FBI in the Galleon hedge fund insider trading probe, pleaded guilty on Monday to securities fraud and conspiracy charges.

BBC bows to newspaper concerns, delays mobile apps

British state broadcaster BBC has delayed launching mobile applications delivering its news and sport free to devices like Apple's iPhone after newspapers expressed concern about direct competition.

Wall Street gains on quarter-end buying

Stocks gained on Monday as investors picked up recent top performers before the first quarter's end and energy company shares jumped with oil prices.

EU deal gives Greece little respite on borrowing

Debt-stricken Greece won little respite from crippling borrowing costs when it returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a last-resort financial safety net.

Consumer spending continues to improve: BEA report

Consumer spending rose for the fifth consecutive month as the U.S. struggles to add new jobs.

RIM results focus to be on price, profit margin

Research In Motion <RIM.TO> is expected to report this week it sold a whopping 11 million BlackBerries in its latest quarter, which may offset the impact of falling prices and narrower profit margins.

Wall St gains with energy, quarter-end buys

Wall Street advanced on Monday as major energy companies shares jumped with the price of oil and investors snapped up top performers ahead of the first quarter's end.

Major UK banks face refinancing challenge: report

Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said in a report published on Monday.

iPad to hit stores Saturday as consumer test begins

After months of hype, speculation and secrecy, Apple Inc will finally put the iPad tablet to the test that truly matters: the buying public.

Consumer spending up, supports recovery picture

U.S. consumers tapped their savings in February to keep spending on an upward path for a fifth straight month, implying that consumption may be strong enough in coming months to keep a recovery going.

Geely-Volvo deal financing totals $2.7 billion: sources

China's Zhejiang Geely Holding Group has lined up total financing of $2.7 billion to back its purchase of Ford Motor's <F.N> Volvo car unit, sources said on Monday.