Reuters - U.S. mortgage market giant Freddie Mac's chief executive dismissed internal warnings that could have protected the company from some of the financial problems now engulfing it, the New York Times said, citing more than two dozen current and former high-ranking executives and others.

Reuters - Merrill Lynch & Co Inc Chief Executive John Thain said Monday if the company loses more money, it may have to raise more capital, leaving the door open to further capital raises if markets deteriorate.

Reuters - The U.S. Federal Reserve on Tuesday is expected to hold interest rates steady as dismal housing markets and tight credit weigh on the economy, while it signals lingering inflation concerns despite lower oil prices.

Reuters - More banks and financial institutions are likely to face insolvency and need bailouts before the global financial crisis is over, according to former Federal Reserve chairman Alan Greenspan.

Reuters - One of Yahoo Inc's largest and most critical shareholders, Capital Research Global Investors, said on Monday it asked for a probe of last week's shareholder vote, a move that calls into question the strong showing for Chief Executive Jerry Yang.

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.