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Philip Falcone, founder of hedge fund Harbinger Capital Management, told investors Monday that he would soon cede control of wannabe wireless carrier LightSquared.

Small business lending could take a major hit if a federal program that insures small business accounts ends later this year.

NYSE Euronext shares fell 5% on Monday after the stock exchange operator reported a sharp decline in quarterly profits on weak trading volume and merger break-up costs.

U.S. stocks were in the red Monday, on track to end the last day of what's been a mostly sour month on a weak note.