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Reuters - Yahoo Inc said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending shares up 4 percent on hopes the departure would clear the way for a deal with Microsoft.

Reuters - Stocks fell on Monday on concerns of an accelerating global slowdown after Japan's surprise news it had fallen into recession and Citigroup Inc, the No. 2 U.S. bank, said it would cut 52,000 jobs, far more than had been expected.

Reuters - Treasury Secretary Henry Paulson said on Monday that solid progress has been made in stabilizing the U.S. financial system but it will take considerable time to restore it to health.

Reuters - Senate Democrats took the first step toward bailing out the nation's crippled auto industry on Monday by proposing a $25 billion loan program, a plan that faces stiff political headwinds with millions of jobs potentially riding on the outcome.

Reuters - Citigroup Inc revealed plans to cut 52,000 jobs by early next year in a dramatic move to restore the No. 2 U.S. bank to health as it combats mounting debt losses and sagging economies worldwide.

AFP - Global stock markets slumped Monday as the bad news on the financial crisis got worse, with Japan, the world's second largest economy, in recession and US banking giant Citigroup cutting 50,000 jobs.

Reuters - Senate Democrats took the first step toward bailing out the nation's crippled auto industry on Monday by proposing a $25 billion loan program, a plan that faces stiff political headwinds with millions of jobs potentially riding on the outcome.

AP - Target Corp. said Monday it will aggressively cut prices to give consumers bargains during the holiday season, after weak sales of its apparel and home offerings led third-quarter earnings to fall 24 percent.