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U.S. consumer spending falls, inflation pressures muted

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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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.

12:37pm EST

Mixed messages on third Greek bailout talks

MADRID/ATHENS - Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks.

Greece, Spain 1:57pm EST

Berkshire's Buffett opposes putting Wilson on GM board

DETROIT - Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co , told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board.

12:41pm EST

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