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Wall St. gains as defense, tech stocks rise

Wall Street was higher in late morning trading on Monday, boosted by technology shares and as defense stocks rose after a multi-billion dollar arms deal between the United States and Saudi Arabia.

Recent Business News

Supreme Court rejects challenge to state retroactive tax changes

WASHINGTON The U.S. Supreme Court on Monday declined to hear a challenge by several major corporations to a Michigan law that retroactively changed the way businesses are taxed in the state, leading to $1 billion extra for government coffers.

10:00am EDT

GE to face probe related to LM Wind Power deal: Bloomberg

General Electric Co is being investigated by the European Union for providing misleading information during a merger review, Bloomberg reported on Monday, citing two people familiar with the case.

U.S. Justice Dept., Citigroup settle probe into Banamex USA

NEW YORK The U.S. Department of Justice and Citigroup Inc said on Monday that they have settled a criminal investigation into violations of anti-money laundering rules and the Bank Secrecy Act at the bank's Banamex USA unit.

11:49am EDT

Long seen as partners, Huntsman and Clariant seal $14 billion merger

ZURICH/FRANKFURT U.S.-based Huntsman Corp and Switzerland's Clariant AG are combining to create a chemical manufacturer with a market value of about $14 billion, the deal coming together after years of tentative mutual approaches.

11:41am EDT

EU to conclude Google antitrust cases in next few months

OXFORD, England EU antitrust regulators will rule in the "next few months" whether Alphabet's Google abused its dominance of internet searches and other areas, a senior European Commission official said on Monday, an outcome that could lead to a hefty fine.

8:15am EDT

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