Reuters - Ailing mortgage finance company Freddie Mac easily sold $2 billion of short-term debt on Monday, reassuring investors that it and rival Fannie Mae can fund operations without a government takeover.

Reuters - The International Monetary Fund has trimmed its forecasts for 2008 and 2009 world economic growth, largely due to a marked worsening in the outlook for the euro zone, a G20 finance official told Reuters on Monday.

Reuters - Stocks fell sharply on Monday as credit concerns hounded financial stocks and global growth worries hurt big technology and industrial companies.

Reuters - Sales of previously owned U.S. homes ticked higher in July thanks to lower prices, but record inventory suggested the battered housing market is unlikely to recover soon, a trade group report showed on Monday.

Reuters - Boeing Co. offered its largest workers' union wage increases and other incentives for a new labor contract, but the union called the proposals "insulting" and stepped up its threat to go on strike in early September.

Reuters - French biotechnology firm Nicox said on Monday U.S. partner Pfizer had decided not to launch Phase III studies in Asia of an experimental treatment of glaucoma and ocular hypertension.

Reuters - U.S. auto makers are expected to report big declines in August domestic sales despite stepped-up incentives, the Wall Street Journal said citing a report by J.D. Power & Associates.

Reuters - What should be a holiday lull of a week looks set to be anything but, with Wall Street on high alert for the latest twists and turns in the credit crisis, more volatility in commodity prices and key developments in the race for the White House.

Reuters - U.S. Federal Reserve Chairman Ben Bernanke's suggestion that financial supervision be revamped to take into account the health of the entire system is a logical response to recent market turmoil, but may be a difficult concept to execute.

Reuters - The Australian government approved on Sunday the purchase of up to 14.99 percent of the shares in Rio Tinto Ltd by China's state-owned Aluminium Corp of China (Chinalco).