NEW YORK - Wall Street rose modestly on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by top Federal Reserve officials.
- Watchdog warns of chaos in competing derivatives rules
- McDonald's November sales miss as U.S. weakness continues
- Abercrombie rejects shareholder call; extends CEO contract
- Exclusive: MidEast state firms team up to bid for stake in Occidental unit - sources
- Europe tries to cut deal to close failing banks
Recent Business News
- Medical device maker Hologic Inc named a former Stryker Corp CEO as its chief executive, and said it appointed two directors backed by Carl Icahn to its board as part of a settlement with the activist investor.
LONDON - Former Goldman Sachs banker Elias Preko was sentenced to 4-1/2 years in prison by a London court on Monday for laundering $5 million on behalf of James Ibori, the former governor of Nigeria's oil-producing state of Delta.
FRANKFURT - Deutsche Bank created a new senior position to govern compliance and risk management throughout the group and named a top McKinsey consultant to fill it, less than a week after EU officials fined Deutsche and other banks for rigging interest rates.
LONDON - When the Afghan government used mobile phones instead of cash to pay some of its policemen, the officers thought they'd just had a 30 percent pay rise. In truth, they had just been paid the full amount, with nothing skimmed off by middlemen, for the first time.
Today's jobs report showed that the US economy added 203,000 jobs in November, and the unemployment rate fell to 7.0% for the first time since recession.