Ford Motor Co said on Monday it expects to gain U.S. market share in June as its sales would hold up much better than the rest of the industry and signaled its increasing confidence by raising production.

DURHAM, N.C.—-M&F Bancorp, Inc., parent company of Mechanics and Farmers Bank , today announced that it has received approximately $11.7 million from the Federal government’s Troubled Asset Relief Program .

A federal judge rejected Bernard Madoff’s plea for leniency Monday, sentencing the 71-year-old swindler to spend the rest of his life in prison for an “extraordinarily evil” fraud that took a “staggering toll” on thousands of victims.

Stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter’s winners to burnish their portfolios.

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE:

Shares of Watson Wyatt Worldwide Inc. tumbled more than 7 percent in afternoon trading Monday after a Citi Investment Research analyst downgraded the stock to “Hold” from “Buy,” citing short-term concerns about the management consulting firm’s proposed combination with competitor Towers, Perrin, Forster & Crosby Inc.

Despite a rise in oil prices, airline shares were mostly higher Monday as the broader stock market was up. The AMEX Airline Index rose three-quarters of 1 percent in afternoon trading.

Shares of Zions Bancorp rose Monday after the regional bank disclosed in a regulatory filing that its ongoing plans to bolster its capital base are on course.

Shares of Sallie Mae and Nelnet Inc. surged on Monday after an analyst increased his price targets for the student lenders’ stocks, citing new federal education contracts that are expected to boost earnings.

Investors are riding higher energy prices into the close of a strong quarter. Energy, industrial and materials stocks led the market higher in light trading volume Monday as investors looked to put money into areas that would benefit from an improving economy.