NEW YORK (Reuters) - Stocks extended losses on Monday as a report showing further contraction in a gauge of manufacturing activity added to worries about the deepening world economic slump.
NEW YORK (Reuters) - Key retail stocks fell on Monday as investors feared that deep discounts offered by stores during the year's first holiday shopping weekend could sap profits and would not save a bleak season.
PARIS (Reuters) - The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they battle against the effects of the financial crisis and worsening economic climate on consumer confidence.
NEW YORK (Reuters) - Johnson & Johnson said on Monday it would acquire breast implant maker Mentor Corp for $1.07 billion as the giant diversified healthcare company pushes into the market for aesthetic medical products.