Reuters - The future of the long-running legal battle over former New York Stock Exchange chairman Richard Grasso's $187.5 million compensation package will be weighed by the state's highest court on Tuesday.

Reuters - Standard & Poor's in a sweeping move on Monday that rocked markets cut ratings on a number of major U.S. securities firms including Lehman Brothers Inc and said outlooks on the large U.S. financial institutions are now mostly negative.

Reuters - Wachovia Corp ousted its chief executive, following growing legal troubles and loan losses tied to the purchase of a big mortgage lender just before the housing market imploded.

AP - Most of the 8,000 children found alone after China's devastating earthquake have been reunited with their parents, Chinese officials said Friday.

AFP - The head of the German employers' federation Dieter Hundt warned that long-term high inflation would have a devastating impact on Europe's biggest economy, in an interview published Sunday.

Reuters - Toyota Motor (7203.T) is considering downgrading its U.S. sales forecast to account for a worsening outlook for pick-up trucks and other big vehicles, the Financial Times newspaper said on Monday.

Reuters - Oil fell more than $1 to near $126 on Monday as the U.S. dollar edged up and traders shrugged off Tropical Storm Arthur, which marked the start of the Atlantic hurricane season by shutting two Mexican oil ports.

Reuters - Japanese government bond prices fell on Monday, extending last week's sell-off, as global inflation marches higher, while oil prices slipped to $127 a barrel and Asian stocks gained.

Reuters - U.S. private equity firm Texas Pacific Group has agreed to take a 20 percent stake in Bradford & Bingley in a much-needed boost for the embattled UK mortgage lender, a source familiar with the matter said on Monday.

Reuters - Treasury Secretary Henry Paulson said on Sunday leaders of Gulf oil producing states had told him that abandoning their currency pegs to the dollar will not solve their inflation problems.

Reuters - A high dose of the arthritis drug Celebrex showed early signs that it may help prevent lung cancer in heavy smokers, U.S. researchers said on Sunday.

Reuters - Shares of U.S. automaker General Motors Corp could triple over the next few years as the company's foreign sales are climbing and its labor costs are falling, weekly business newspaper Barron's said in its June 2 issue.