Business Highlights

LONDON (AP) — Delta Air Lines struggled to resume normal operations and clear backlogs of stranded passengers Monday after a power outage knocked out its computer systems worldwide.

The deal announced Monday shows Wal-Mart is trying to compete more aggressively and effectively as it has seen its online business growth slow, even with big investments in distribution centers and expanding services.

Drug company and consumer-focused stocks weighed on the market, while energy companies surged, getting a lift from a pickup in crude oil prices.

The slight pullback came as investors took advantage of the milestones reached Friday by the Standard & Poor's 500 index and Nasdaq composite to pocket some gains.

CAIRO (AP) — Three Egyptian newspapers said Monday that Cairo was proposing to IMF delegates an 18-month reform program in return for a $12 billion loan over three years to shore up its economy, but that differences remained between the two sides on how to proceed.

The reports by the privately-owned Al-Shorouk, Al-Masry Al-Youm and Al-Watan said the two sides were at odds over the size of a proposed devaluation of the Egyptian pound and the timetable for implementing some of the more politically sensitive reforms, like reducing or removing state subsidies on fuel, electricity and food staples.

BEIJING (AP) — China's exports fell again in July by an unexpectedly wide margin while a decline in imports accelerated in a possible sign of weakness in the world's second-largest economy.

The contraction in imports reflects possible weakness in the domestic economy, but the figures also are depressed by a decline in prices of oil and other commodities.

Investors claim that Volkswagen did not inform them in a timely way of the impending scandal over cars with software that enabled them to cheat on emissions tests in the United States, depriving them of a chance to decide whether to sell the stock.

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