Reuters - President Barack Obama will announce on Monday a six-year infrastructure revamp plan with an initial investment of $50 billion to jump-start job creation, a white house official said.

AFP - World oil prices diverged on Monday, the end of the traditional peak demand season for motor fuel in the United States.

Reuters - Encouraging news about the U.S. employment picture continued to spill over onto financial markets on Monday, lifting world stocks on hopes that a slip back into recession could be avoided.

AP - The Dutchman charged with killing a 21-year-old Peruvian woman and suspected in the disappearance of U.S. teenager Natalee Holloway has acknowledged extorting money from Holloway's parents and says he did it to get back at them.

AFP - German Chancellor Angela Merkel set the stage on Monday for perhaps the biggest fight of her time in office with proposals to postpone the date when Europe's biggest economy abandons nuclear power.

AFP - A Japanese court Monday sentenced two Greenpeace activists to suspended one-year jail terms for stealing a box of whale meat that the group said was proof of embezzlement in state-run "research whaling".

AP - Southeastern Texas was forecast to welcome the Labor Day with unsettled weather activity as a tropical wave in the southwestern Gulf of Mexico approached the Texas and eastern Mexico coast.

Reuters - Australia's top investment bank Macquarie Group Ltd warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending its shares to a 15-month low.

AP - Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said Monday.

Reuters - A massive landslide buried a crowd trying to dig out a bus from deep mud on Sunday, killing at least 22 people, with dozens more feared dead, as torrential rains battered Guatemala.

Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.

AFP - With a key piece of evidence raised from the depths of the Gulf of Mexico and BP's Macondo well ruled a threat no longer, the focus shifts to what went wrong and who is to blame.

AFP - US lawmakers returning from summer recess face a conundrum on tax cuts set to expire at the end of this year, with the economy seemingly sputtering ahead of looming congressional elections.

Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

AFP - Oil giant BP has increased to nearly 25 billion pounds the amount it wants to raise from an asset sale programme in the wake of the Gulf of Mexico oil spill, the Sunday Times newspaper reported.

AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.

AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.