GM, Citi Dropped: Now in bankruptcy, General Motors will be removed from the Dow Jones Industrial Average Monday after more than 80 years as an index component. It will be replaced by technology firm Cisco Systems. Insurer Travelers will replace banking giant Citigroup.
Banking Deadline: Some big banks face a Monday deadline for government approval of their plans to raise new capital.
Tech Launches: A new iPhone is expected to be unveiled at the Apple Worldwide Developers Conference Monday. Amazon.com, meanwhile, plans to launch its large-screen Kindle DX reader on Wednesday.
Dealers Out: Chrysler expects to end its contracts with 789 dealerships on Tuesday, part of the auto maker's reorganization.
Sales and Sentiment: Economic reports out this week include May retail sales on Thursday and consumer sentiment on Friday.
LAST WEEK
Oil Up: Oil prices continued to rise, closing at $68.44 a barrel on Friday, up 101% from a low of $33.98 in February.
SEC Files Charges: The Securities and Exchange Commission filed charges against former Countrywide Financial Chief Executive Angelo Mozilo and two former lieutenants, accusing them of fraud.
Humming Away: A little known Chinese construction-equipment maker plans to buy GM's Hummer brand.
