Reuters - A Yahoo employee severance plan meant to protect workers after a merger with Microsoft should be scrapped, according to a shareholder lawsuit against Yahoo and its directors, The New York Times reported on Tuesday.

Reuters - Federal Reserve Chairman Ben Bernanke on Monday signaled the central bank would act to strongly resist rising inflation, as energy costs soar into the stratosphere.

Reuters - Apple Inc on Monday unveiled a next-generation iPhone with faster Internet access that will run on advanced wireless networks and sell for as low as $199 -- half the current entry-level price.

Reuters - Economists have trimmed forecasts for U.S. growth in the second half of this year and in 2009, but more have come to the view that the United States will dodge a recession, a survey released on Tuesday showed.

Reuters - U.S. Treasury Secretary Henry Paulson refused on Monday to rule out intervening in currency markets to stabilize the dollar, but said the U.S. economy's long-term strength will "shine through" in the dollar's value.

Reuters - Pending sales of previously owned U.S. homes rose in April to the highest level in six months as foreclosed properties flooded the market and drove prices sharply lower, a real estate trade group's report on Monday showed.

Reuters - The Dow briefly turned negative on Monday as shares of financial services companies, including JPMorgan Chase & Co , extended losses amid concerns about further fallout from the credit crisis.

Reuters - Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs said on Monday, as tighter supplies outweigh weakening demand.

Reuters - Average U.S. gasoline pump prices -- already above $4 a gallon -- could run up 20 cents or more by mid-summer, if crude oil prices don't fall from record levels near $140 a barrel, analysts said.

Reuters - Lehman Brothers Holdings Inc on Monday raised $6 billion of capital after it said it expects to post a $2.77 billion quarterly loss from trades and hedges gone sour.

AP - Argentina, one of the world's biggest breadbaskets, should be rolling in cash as world food prices soar.

Reuters - David Glaser, a confidant former Bear Stearns chief executive Alan Schwartz, has joined Bank of America, the New York Times reported on Monday, the latest executive to turn away from JPMorgan as it tries to keep top Bear talent from bailing on the merged bank.

Reuters - Boeing Co said on Monday its 787 Dreamliner would make its first flight in the fourth quarter of 2008, repeating the revised schedule for the new airplane's launch announced in April.