Electronic Arts Ditches Take-Two; Nucor’s Positive Outlook; Best Buy Snaps up Napster; Target’s New Ballpark; Oil Hits Six-Month Low; Wilbur Ross Expects 1,000 U.S. Banks to Fail; Hewlett-Packard Slashes Payrolls

Retailer’s Sales Slump But Not Its Stock; Stay-at-Home Diners Hurts Darden; Oil’s Dollar Jump on Weather and Political Unrest; FDIC’s Bad Bank List Bulges; HP Closes Deal with EDS; Citi Pays Restitution; GT Solar Swings to Profit; Rio Digs Record Results

You can bet there will be a lot of discussion about interest rates this week, thanks to the release of the producer price index (PPI) report tomorrow (Tuesday) and the U.S. Federal Reserve meeting minutes on Wednesday.

This is the biggest IT services deal ever, said Gartner analyst Ben Pring. Computer-and-printer giant Hewlett Packard is buying EDS, which manages other firms’ computer systems and tasks such as order processing, for $14bn.

Cablevision Buys Newsday for $650 Million; Brazil to Start SWF, Cut Taxes by $12.8 Billion; Oil Surges Over $126; Chinese Inflation Nears a 12-Year High; XM Hit by 1Q Loss Despite Revenue Jump; BlackBerry Bold Revealed; EDS Buy-Out?; Clear Channel Looks to Settle.