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Stocks sag on economic uncertainty
SINGAPORE (Reuters) - Stocks fell on Monday, weighed down by uncertainty over the health of the U.S. economy and surging oil and commodity prices, while Japanese exporters felt the pinch from a stronger yen. Full Article
Nikkei claws higher, boosted by yen and oil
TOKYO (Reuters) - Japan's Nikkei stock average climbed 0.6 percent to its first positive close in three days on Monday, boosted by a retreat of the yen against the dollar that helped exporters and by gains in Nippon Oil Corp and other oil-linked firms as oil hovered near record levels. Additional upward energy came from Konica Minolta Holdings , which surged 12.14 percent for its greatest one-day percentage gain in more than seven years, while financials such as Mits Full Article
Oil steady above $126
PERTH (Reuters) - Oil hovered close to record levels above $126 a barrel on Monday as violence in the Middle East heightened worries of supply disruptions in the world's largest crude producing region. Full Article
Citigroup unveils turnaround plan
May 9 - Citigroup's new CEO Vikram Pandit said the company will shed $400 billion in assets as he moves to lead America's largest bank back to profitability. Play Video
