MOSCOW/LONDON/AMSTERDAM (Reuters) - The Hague's arbitration court ruled on Monday that Russia must pay a group of shareholders in oil giant Yukos $51.6 billion for expropriating its assets, a big hit for a country teetering on the brink of recession.
Online real estate company Zillow Zillow has announced that it is acquiring Trulia Trulia for $3.5 billion in a stock-for-stock deal.
Pending home sales dropped in June, retreating after three consecutive months of solid growth and the latest sign the U.S. housing sector has suffered a setback as tight credit conditions and flat wages deter many potential home buyers.
U.S. stock futures edged lower on Monday, as investors eyed a busy week of economic data and corporate earnings. About 90 minutes ahead of the open, Dow Jones Industrial Average futures shed 19 points, or 0.1%, to 16782.
Virgin America, the California-based airline partly owned by Sir Richard Branson's Virgin Group, has announced plans to seek an initial public offering amid the strongest market conditions for airlines since 2001.