AP - Consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the second biggest increase in prices in nearly three decades.

Reuters - At least four brokerages widened their 2008 loss estimates for General Motors Corp , saying the No. 1 U.S. automaker's disappointing second-quarter results emphasized the need for it to raise cash to combat a severe U.S. downturn.

Reuters - Oil fell below $120 a barrel on Monday, pressured by evidence of rising OPEC output in the midst of declining demand in the United States and Europe.

Reuters - Stocks fell on Monday as investors feared the financial sector could face further losses from the housing slump, compounding the troubles facing the economy.

Reuters - Consumer prices jumped at the sharpest rate in more than a quarter century during June, and consumers coping with soaring costs received their smallest income gain in a year, the government said on Monday.

AP - The rich are sharing your financial pain — and contributing to it.

Reuters - Citigroup Inc , the largest U.S. bank by assets, plans to close a $400 million convertible arbitrage fund in a final move to shut down its Tribeca Global Investments hedge fund, Bloomberg News reported on Monday, citing people familiar with the plans.

Reuters - Former Bear Stearns Chief Executive James Cayne came close to dying last September from sepsis triggered by a severe prostate infection, Fortune Magazine reports on Monday on its website.

Reuters - Chrysler LLC's finance arm said on Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy.

AFP - Spain's economy is in a worse state than the government had predicted but is still unlikely to slip into a recession, Economy Minister Pedro Solbes said in an interview published Sunday.