Oil slides toward $59, extending 2-week sell-off - AP - 12 minutes ago
Oil prices dived to near $59 a barrel Friday in Asia, extending a two-week sell-off fueled by growing investor pessimism about global economic growth and crude demand.

Peter Brimelow: In a mad market, El Cid(s) ride to success - at MarketWatch - 13 minutes ago
Buy-and-hold strategies have been stunningly successful -- even when involuntary. Call it the El Cid Effect.

Oil falls below $60, economic, demand worries linger - Reuters - 19 minutes ago
Oil prices fell below $60 a barrel on Monday, extending last week's losses to languish at a seven-week low, as lingering concerns about the pace of a global economic recovery encouraged a further sell-off.

China Eastern rises on merger deal - at FT.com - 20 minutes ago
China Eastern Airlines shares in Hong Kong rose as much as 14.4 per cent on Monday after the weakest of the country's big three carriers announced it was acquiring rival Shanghai Airlines for just under Rmb9bn as it battled high operating losses.

Outside the Box: Sotomayor hearings highlight affinity groups - at MarketWatch - 29 minutes ago
The nomination of Sonya Sotomayor to the Supreme Court brings renewed attention to affinity groups in the workplace.

CIT says remains in discussions with regulators - Reuters - 31 minutes ago
CIT Group Inc , a commercial U.S. lender struggling to finance its business, said late on Sunday that it remains in active discussions with regulators on measures to improve its near-term liquidity position.

Japan PM agrees on Aug. 30 elections: reports - at MarketWatch - 38 minutes ago
Japanese Prime Minister Taro Aso and his ruling coalition reportedly decide to dissolve the lower House of Representatives and call general elections on Aug. 30.

Marsh on Monday: U.K., Germany to square off in fight for financing - at MarketWatch - 39 minutes ago
International credit and bond markets will soon see a battle develop between the Germans and the English to gain financing.

China Eastern Airlines to acquire local rival - AP - 43 minutes ago
China Eastern Airlines Corp., one of China's three major state-owned carriers, will acquire a local rival, the companies announced Monday, as money-losing China Eastern tries to boost its competitiveness.

India unveils plans for toll roads - at FT.com - 45 minutes ago
/FTcom Production/World/Z_World_EC/EC_World_AsiaPacific/india econ ec.dwc India's drive to overhaul its outdated road transport network intensified yesterday as the government announced a target of building 12,000 kilometres of highway this year and new plans to introduce European-style toll roads.

Kirin eyes merger with Suntory - at FT.com - 55 minutes ago
Kirin, Japan's second largest brewer, enjoyed a sharp surge in its share price after Japanese media reported it was in merger talks with Suntory, a smaller rival.