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Wall Street falls as investors fret about rate-hike timing

- Wall Street was lower on Monday afternoon as investors worried that the Federal Reserve may start raising interest rates in September, although a rally in oil boosted energy stocks.

Recent Business News

Venture capital cash surfers may see waves recede in market turmoil

SAN FRANCISCO - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public.

11:58am EDT

Toshiba scandal continues as more accounting errors found

TOKYO - Toshiba Corp again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan's worst corporate scandal in four years.

Fiat Chrysler's Marchionne says 'unconscionable' to give up on GM deal: paper

MILAN - It would be "unconscionable" for Fiat Chrysler Automobiles (FCA) not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview.

7:02am EDT

China stocks slide as crackdown on speculators spreads, lose 11 percent in August

SHANGHAI - China stocks fell sharply on Monday before recovering much of their losses as regulators cracked down on speculators which Beijing blames for a 40 percent crash in the country's stock markets since June. | Video

4:18am EDT

U.S. appeals court rules for Argentine central bank in bond case

NEW YORK - Argentina's central bank on Monday won the reversal of a U.S. court ruling that had allowed bondholders to try to hold it responsible for the country's obligations on debt that has been in default since 2002.

10:50am EDT

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