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Weak U.S. consumer spending points to slower first-quarter growth

WASHINGTON - U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. 

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Takata to double replacement inflator output over next six months

DETROIT - Takata Corp said on Monday it plans to double its capacity to make replacement air bag inflators over the next six months and testing on parts that could explode with too much force continues.

3:00pm EST

Near Fed majority backs June liftoff Yellen hasn't yet endorsed

WASHINGTON - Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike.

10:42am EST

Buffett says 'no jockeying' between Jain, Abel for top post: CNBC

NEW YORK - Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway , told CNBC on Monday that Berkshire executives Ajit Jain and Greg Abel were not angling for the top Berkshire job. | Video

8:53am EST

NXP to buy Freescale, create $40 billion company

NEW YORK - Chip maker NXP Semiconductors NV has agreed to buy smaller peer Freescale Semiconductor Ltd and merge operations in a deal valuing the combined company at over $40 billion.

Deals, Tech 5:49am EST

Brent tumbles on Iran, Libya; U.S. crude up on spread play

NEW YORK - Brent crude tumbled more than 3 percent on Monday on speculation of a nuclear deal that could boost Iran's oil exports, and U.S. crude rose by around 1 percent as traders bet the gap between the two would narrow.

2:35pm EST

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