Mark Brooks

The UK fears the cap would drive banks to set up outside Europe in the U.S. or Asia.

Jurors returned Monday following a weeklong break after spending six weeks hearing the state's witnesses.

The broad new measure would leave in place cuts of 5 percent to domestic agencies and 7.8 percent to the Pentagon ordered by President Barack Obama Friday night after months of battling with Republicans over the budget.

Obama said he's continuing to seek out Republican partners to reach a deal to end the so-called "sequester," but there was no sign that a breakthrough was in the works to reverse the $85 billion in budget reductions that went into effect Friday.

The euro fell to $1.3006 in afternoon trading from $1.3017 late Friday.

White House press secretary Jay Carney told reporters it's remarkable some Republicans are calling the so-called "sequester" a win for the conservative tea party, or because Republicans stood up to the president, because the cuts go against usual GOP goals to increase defense spending and border security.

Napolitano said she expects a cascading effect during the week, with wait times expected to double in worst cases.

Finance ministers from the 17-strong group of EU countries that use the euro will ask Cyprus to push ahead with a major privatization program and strengthen its implementation of anti-money-laundering and tax evasion laws, diplomats said before the meeting in Brussels.

Obama announced his selection of Sylvia Mathews Burwell at the White House Monday, noting that she comes on as the government grapples with $85 billion in automatic cuts.

Spending cuts of roughly $85 billion automatically kicked in on Friday after President Barack Obama and Congress failed to meet a deadline for striking a deal to avert or soften the reductions.

1,333 rigs were actively exploring for oil and 420 for gas.

The lure of precious metals as an alternative investment has waned this year as the stock market has rallied and the dollar has strengthened.

Apple's stock on Friday touched a new 52-week low.

Oxbow Carbon & Minerals plans to refile allegations against Union Pacific and BNSF.

Residential construction, which has been leading the rebound in building, stalled in January.

After-tax income fell 4 percent in January, after having risen 2.7 percent in December.

Obama and congressional leaders agreed that Congress should pass a bill funding the government while they keep working on a way to replace the spending cuts.

Angus burgers may get the ax.

Natural gas rose 2 cents to $3.50 per 1,000 cubic feet.

GM's sales were the best since February of 2008.