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Services sector activity growth slows in June: Markit

NEW YORK - U.S. services sector expansion eased for a third straight month in June, pressured by a slowdown in employment and output growth, an industry report showed on Monday.

Recent Business News

Philip Morris to cut stake in Indonesian unit, could raise over $1 billion

JAKARTA/SINGAPORE - U.S. cigarette giant Philip Morris International Inc plans to sell a stake worth at least $1 billion in Indonesian unit PT HM Sampoerna Tbk to comply with free-float rules, two people familiar with the matter said on Monday.

7:20am EDT

American Apparel to cut costs, warns may need more funds

- Struggling teen clothing retailer American Apparel Inc launched a restructuring plan to cut costs but warned it may not be enough to meet funding requirements in the next 12 months.

10:10am EDT

Aetna CEO addresses antitrust concerns over Humana deal

- Aetna Inc's chief executive said Monday he was confident an antitrust review of the health insurer's proposed purchase of smaller rival Humana Inc would allow the deal to close in the second half of 2016, seeking to allay investor concerns. | Video

1:37pm EDT

More strikes loom at Lufthansa after talks with pilots fail

FRANKFURT/BERLIN - Talks between Lufthansa and pilots' union Vereinigung Cockpit (VC) about taking a pay dispute to mediation have failed, raising the prospect of strikes at the height of the summer travel season, the union said on Monday.

10:52am EDT

Oil tumbles 6 percent after Greek 'No' vote, ahead of Iran deadline

NEW YORK - Oil prices tumbled their most in three months on Monday, with U.S. crude falling 6 percent, after Greece's rejection of debt bailout terms and China's rolling out of emergency measures to support its stock markets shook global markets.

China, Greece 12:59pm EDT

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