The Nasdaq rose Monday, extending last week's gains, as investors anticipated a Fed rate cut this week. Yahoo shares slumped, while Dell climbed on an analyst's note and Covad surged on a buyout offer.

  Verizon's wireless arm maintained its pace of growth despite the launch of Apple's iPhone with rival AT&T. But the phone giant's Internet-access business showed signs of slowing in the third quarter.

  NBC Universal and Fox are launching their joint online-video venture Hulu.com after six months of buildup and several delays.

  Oracle let its $17-a-share offer for BEA expire and invited holders to confront the company, following Icahn's similar call.

  Microsoft's stake in Facebook is likely to boost the social-networking firm's options, making recruiting harder.

  RadioShack reversed a year-earlier net loss in the third quarter caused by its restructuring effort, but the turnaround appears to be boosting profitability.

  Seagate is shuttering a manufacturing facility in Northern Ireland, resulting in the elimination of 780 jobs.

  World-wide semiconductor sales rose 5.9% in September, led by continued demand for consumer electronics, namely for PCs and cellphones.

  A Senate report said telecommunications companies that assisted the government's warrantless surveillance program received legal endorsements from the attorney general and the White House.

  Apple no longer accepts cash for iPhone purchases and now limits sales of the cell phone to two per person in a move to stop people from reselling them.

  Nokia opened its seventh full-service retail store world-wide in China, now the mobile-phone maker's largest market for multimedia devices.

  Nintendo hopes to unveil features for its game devices next year intended to be more practical than entertaining.