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US MARKETS

Dow selloff, falls 2% 4:21 AM

NEW YORK - US STOCKS tumbled on Monday in their worst single-day loss in two months amid renewed concerns about the shakeout of the global financial crisis and conflicting signals about economic recovery.

The Dow Jones Industrial Average slumped 200.95 points (2.35 per cent) to 8,338.78 in final trades as the blue-chip index extended losses after a nearly three percent drop last week.

Glover's sweet victory 2:01 AM

FARMINGDALE (New York) - LUCAS Glover held off late charges by fellow Americans Phil Mickelson and David Duval to claim his first major title at the weather-delayed US Open on Monday.

Five strokes ahead of the field overnight with compatriot Ricky Barnes, Glover closed with a three-over-par 73 at a blustery Bethpage Black to triumph by two shots.

1 million iPhone 3GS sold 1:21 AM

NEW YORK - APPLE said it had sold more than 1 million of its newest iPhone in the first three days of launch, beating analysts' expectations for the 3GS smartphone's debut.

The statement from Apple also included a quote from Chief Executive Steve Jobs, leading at least one analyst to speculate that this meant he was back from medical leave.

2nd Google phone in Aug 9:10 PM

NEW YORK - T-MOBILE USA's follow-up to the first 'Google phone' will go on sale in early August, the carrier said on Monday.

The 'T-Mobile myTouch 3G with Google' will be a touch-screen phone and will lack the physical keyboard of the T-Mobile G1, the first phone that used Google Inc's Android software. The G1 went on sale in October. T-Mobile has sold more than 1 million of the phones.