The Supreme Court has refused to take up a Boston University student's constitutional challenge to a $675,000 penalty for illegally downloading 30 songs and sharing them on the Internet.

The chairman of the Nuclear Regulatory Commission said Monday he is resigning amid accusations by fellow commissioners that he acted like a bully.

NEW YORK (Reuters) - Stocks rose on Monday after their worst weekly decline for the year with signs investors were quickly exiting newly floated shares of Facebook following its broken IPO and redeploying capital elsewhere in the market. Facebook Inc's shares fell below their $38 issue price as support from underwriters of the initial public offering dissipated after its Friday debut. The stock dropped over $5 to hit a session low of $33.00 in early trading, last trading down 11.8 percent at $33.71. That contrasted with a sizeable rally in shares of Apple, which rose 2.8 percent to $545.14. ...

U.S. stocks are rising, shaking off their worst weekly performance since November, as investors latched on to a relatively optimistic report from economists.

(Reuters) - Facebook shares sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing but does little for Facebook, whose lead underwriter Morgan Stanley had to step in and defend the $38 offering price on the open market. Without that same level of defense, its shares fell $4.50 to $33. ...

Jury selection began Monday at the insider trading trial of a former Goldman Sachs board member after prosecutors told a judge they expect to call a current Goldman board member as one of their first witnesses.

Campbell Soup Co. is still struggling to heat up its lukewarm soup sales, with net income slipping by 5 percent in the latest quarter even as the company spent more on marketing.

Skywatchers by the millions looked up Sunday (May 20) when the moon hid most of the sun in a rare solar eclipse that created a dazzling "ring of fire" that was visible from Asia to the United States.

NEW YORK (Reuters) - JPMorgan Chase & Co has suspended repurchases of its stock while it tries to get out of money-losing derivatives trades that have cost it at least $2 billion, Chief Executive Jamie Dimon said on Monday. He said the bank would maintain its dividend. It is the first time Dimon has said the bank will change how it manages its capital in the wake of what he has called "egregious mistakes" in the derivatives trades. ...

Since the 1970s, populations of Steller sea lions have dramatically declined in the western Aleutian Islands of Alaska, where they are protected under the Endangered Species Act. What exactly is responsible for the downturn is unknown, and is especially confounding given that sea lion populations to the southeast and in Russia are on the rise.

A group of acrobatic primates living, and swinging from tree branches, in Vietnam are not faring so well, with three of the six species inching closer to extinction, finds a new report, released today (May 21), on these primates called crested gibbons.

SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell one-half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...

NEW YORK (Reuters) - Best Buy Co Inc , the world's largest consumer electronics chain, said it has selected headhunter Spencer Stuart Inc to conduct the search for a new chief executive. Brian Dunn resigned as CEO last month. Following his departure, the company said an internal probe found that Dunn had an improper relationship with a female employee. Best Buy is in the midst of what it expects to be a six- to nine-month search for a successor to Dunn. Board member G. Mike Mikan is acting as interim CEO. The company said it will consider internal and external candidates for the job. ...

NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who was convicted and is now in prison. ...

(Reuters) - Lowe's Cos Inc , the world's No. 2 home improvement chain, cut its fiscal-year earnings outlook and said demand slowed toward the end of the traditionally strong first quarter, sending its shares down nearly 10 percent. Lowe's forecast came just days after larger rival Home Depot Inc missed Wall Street's quarterly sales estimates as demand weakened in April following a jump in home improvement projects earlier in the year because of a warm winter. ...

BERLIN (Reuters) - Europe's fiscal pact must not be renegotiated or softened but could be complemented by growth-enhancing measures, European Central Bank Executive Board member Joerg Asmussen said on Monday. Asmussen also stressed that the ECB's non-standard measures - introduced to fight the debt crisis - were of a temporary nature and could be withdrawn any time if inflation risks emerged. There is a growing push in the euro zone, led by newly elected French President Francois Hollande, to do more to stimulate growth and not just focus on reducing deficits. ...

BRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine. Even if the world's most popular search engine offers concessions to resolve the issue, it will still be under the EU spotlight following fresh complaints over its Android mobile software, the top operating system for Internet-enabled smartphones. ...

NEW YORK (Reuters) - Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook Inc's market debut at the end of last week that prevented some traders from knowing for hours whether their orders for shares had been completed. The exchange operator said in a note to traders that modifications to its IPO and halt cross application would prevent the problems that occurred on Friday from recurring. (Reporting By John McCrank; Editing by Gerald E. McCormick)

LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of BlackRock's $13.5 billion purchase of Barclays Global Investors, but Basel III regulations mean banks have to hold more capital against minority stakes in asset managers and other firms, making it less profitable. ...

MADRID (Reuters) - Spain said on Monday it would meet its deficit targets this year despite a new slippage in its regions' accounts and a further contraction of the economy in the second quarter. Economy Minister Luis de Guindos said economic activity would likely slump by another 0.3 percent between April and June, further fuelling doubts about the country's ability to get a grip on in its finances and nurse an ailing banking sector back to health. ...

From a park near Albuquerque, to the top of Japan's Mount Fuji, to the California coast the effect was dramatic: The moon nearly blotting out the sun creating a blazing "ring of fire" eclipse.