Reuters - Insurance Australia Group Ltd , which last week spurned a takeover offer by rival QBE , said on Monday its Chief Executive Michael Hawker had resigned with immediate effect, triggering a 3 percent jump in its shares.

Reuters - Oil rose towards $133 a barrel on Monday, extending the previous session's gains on a supply outage at the Statfjord oilfield in the North Sea and a weak U.S. dollar.

Reuters - Asian stocks fell on Monday, with shares in Japan suffering their biggest fall in six weeks, as investors feared rising inflation and sluggish U.S. economic growth would seriously dent consumer demand in the region's biggest export market.

AFP - Europe's main stock markets fell on Friday as rebounding oil prices weighed on the auto and aviation sectors, while miners slid on profit-taking, traders said.

Reuters - Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, U.S. billionaire investor Warren Buffett told newspaper El Pais in an interview published on Sunday.

Reuters - Oil prices will likely take on more importance for the stock market this week as the summer driving season officially kicks off and as more companies feel the pinch of higher energy prices on their profit margins.

Reuters - China will issue three licenses for high-speed third-generation mobile phone services and called for a merger of China Unicom and Netcom, two of its four biggest telecoms providers, in a long-awaited industry revamp.

Reuters - Italian carmaker Fiat has held talks with U.S. rival Chrysler in recent weeks over various forms of cooperation, Alfa Romeo brand chief Luca de Meo told German magazine WirtschaftsWoche in a story published on Saturday.

Reuters - The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.

AP - Gap Inc.'s sales are slumping and shoppers appear unlikely to spend more anytime soon, but the clothing retailer still boosted its first-quarter profit by 40 percent by managing inventory and cutting costs.