Oil fell towards $71 a barrel on Monday as a drop in China's key stock index and weaker European equities stoked worries about the pace of economic recovery and a revival in energy demand. China's key stock index dived 6.74 percent on Monday to a three-month closing low and recorded its second-biggest monthly loss in

For corporate America and Wall Street, the second quarter may be a tough act to follow. Just as investors were closing the book on second-quarter earnings, Dell Inc (DELL.O) drew them back in by accidentally releasing earnings that beat expectations just minutes before Thursday's closing bell. Despite this minor misstep by Dell, the world's No.

The U.S. economy does not need a second fiscal stimulus package, instead the government should cut spending over the next two years, according to a survey of business economists released on Monday. Most economists in the National Association for Business Economics (NABE) semi-annual poll were concerned about the outlook for the U.S. government budget. Also,

U.S. stock index futures pointed to a lower open on Wall Street on Monday for the last session of the month, with futures for the S&P 500 down 0.78 percent, Dow Jones futures down 0.77 percent and Nasdaq 100 futures down 0.87 percent at 0825 GMT (4:25 a.m. EDT). Oil dropped below $72 a barrel

Film website Flixster launched a new version of its iPhone application "Movies" this week, highlighting how technology and the Web are bringing Hollywood directly to fans and bypassing traditional information outlets like newspapers. The transition has wreaked havoc on the newspaper industry which has seen advertising pages plummet as movie studios shift their marketing efforts

President Demetris Christofias has called on Turkey to allow the leader of the Turkish Cypriot community to negotiate a political settlement in Cyprus, with respect to UN resolutions and the high level agreements of the 1970s, which provide for a bizonal bicommunal federation. He said he expects Turkey to understand the need to change its

The Prius hybrid automobile is popular for its fuel efficiency, but its electric motor and battery guzzle rare earth metals, a little-known class of elements found in a wide range of gadgets and consumer goods. That makes Toyota's market-leading gasoline-electric hybrid car and other similar vehicles vulnerable to a supply crunch predicted by experts as

Japan's Nikkei average edged lower on Monday as a stronger yen sent shares of exporters lower, erasing earlier gains to an 11-month high after an election win by the opposition. Sunday's landslide victory for the Democratic Party, led by Yukio Hatoyama, ends a half-century of almost unbroken rule by the Liberal Democratic Party and breaks

The yen hit a seven-week peak against the dollar on Monday as short-term players chased it higher following a thumping win for the opposition Democratic Party in Japan's election, breaking chart supports for the greenback. The yen edged up after the landslide election victory on Sunday, and then gathered pace as automatic dollar sell orders