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UTC CEO says no 'quid pro quo' on keeping Indiana plant open

WASHINGTON United Technologies Corp , parent company of Carrier Corp, got a "good deal" with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico, its chief executive said on Monday in an interview with CNBC.

North Carolina governor concedes election to Democratic opponent

WINSTON-SALEM, N.C. North Carolina Governor Pat McCrory on Monday conceded the state's contested gubernatorial race to Democrat Roy Cooper, almost four weeks after the Nov. 8 election that many viewed as a referendum on a law limiting transgender bathroom rights.

Europe suffers Italian blow but bigger tests loom

BERLIN The resounding "no" from Italian voters to Prime Minister Matteo Renzi's referendum on constitutional reform was not a rejection of the European Union and its single currency, as jubilant populists from across the bloc claimed on Monday.

Oil retreats on doubts OPEC cuts can ease glut

NEW YORK U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling.

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