Reuters - Cablevision Systems Corp sealed a $650 million deal to buy 97 percent of Newsday Media Group from Tribune Co, the companies said on Monday, after Rupert Murdoch's News Corp (NWSa.N) withdrew its bid.

Reuters - Sprint Nextel Corp , the No. 3 U.S. wireless service provider, reported a wider quarterly loss on Monday on steep customer defections, and forecast only marginal improvements in the current quarter.

Reuters - NEW YORK (Reuters) -Stocks were heading for a higher open on Monday as the dollar rose toward a two-month peak, helping push the price of oil back from record highs.

Reuters - Oil fell $2 to near $124 a barrel on Monday, as a stronger U.S. dollar and profit-taking put the brakes on a rally that took it to record peaks last week.

AP - China's inflation rose in April to near decade-high levels, according to data released Monday, increasing pressure on Beijing to cool rapidly ascending prices and avert possible unrest ahead of the Summer Olympics.

Reuters - Europe's biggest bank HSBC Holdings said its profit in the first quarter was ahead of a year ago as growth in Asia helped counter over $5 billion in hits from bad debts on U.S. home loans and asset writedowns.