| Wall Street drops before Fed; tech sector weighs | | NEW YORK (Reuters) - Wall Street stocks fell on Monday as investors locked in gains on a recent rally ahead of possible policy action from the Federal Reserve later this week, while weakness in Intel shares weighed on the Nasdaq. | |  | | Consumer credit falls unexpectedly in July | | WASHINGTON (Reuters) - U.S. consumer credit fell in July for the first time in nearly a year as Americans reduced credit card debt, a worrisome sign for an economy that has struggled to create jobs. | | | |  | | | Nasdaq unwavering on paybacks for faulty Facebook launch | | NEW YORK (Reuters) - Nasdaq OMX Group Inc stands by its $62 million compensation plan for firms harmed in Facebook Inc's glitch-ridden market debut and is prepared to defend against any potential litigation related to it, Lee Shavel, the company's chief financial officer, said on Monday. | | | |  | | | AIG stock sale raises questions about investor appetite | | (Reuters) - American International Group shares fell on Monday after the U.S. Treasury Department said it would sell $18 billion of the insurance company's stock, raising questions as to whether the market could absorb such a large sale. | | | |  | | | Ford hopes new models boost U.S. market share | | FLAT ROCK, Michigan (Reuters) - Ford Motor Co may recover some of its lost market share in the United States with its upcoming Fusion midsize sedan and the newly launched Escape crossover, a top executive at the automaker said on Monday. | | | |  | | | Nokia Siemens eyes Huawei's No. 2 market position for 2013 | | NEW YORK (Reuters) - Nokia Siemens Networks expects to jump to second place in the global wireless network equipment market for the full year 2013, ahead of arch-rival Huawei Technologies Co, according to a top Nokia Siemens executive. | | | |  | | | Barclays boss vows to be quick and bold in reform plan | | LONDON (Reuters) - Barclays Plc's new boss promised to move quickly and boldly to reform the scandal-hit bank, signaling possible retrenchment in investment banking as he sets out to reform a culture regulators have criticized as too aggressive. | | | |  | | | ECB's Constancio could head euro banking regulator: paper | | BERLIN (Reuters) - European Central Bank Vice-President Vitor Constancio is being considered for the job of head of the ECB's new banking supervisory body, a German newspaper reported on Monday citing European Commission sources. | | | |  | | | PXP using big debt load to buy BP's U.S. Gulf wells for $5.5 billion | | (Reuters) - Plains Exploration & Production Co will borrow $7 billion -- more than its market value -- to buy BP Plc's stake in some deepwater Gulf of Mexico wells in a $5.55 billion deal that will triple its crude production and boost its power in the North American energy market. | | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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