U.S. stocks end higher despite drag from IBM

NEW YORK - U.S. stocks ended higher on Monday on investor hopes for a strong earnings season, but IBM's disappointing results limited gains.

Recent Business News

UPS says U.S. rates to rise 4.9 percent as of December 29

CHICAGO - Package delivery company United Parcel Service Inc said on Monday that rates for its services within and between the United States, Canada and Puerto Rico will rise by an average of 4.9 percent as of the end of the year.

4:55pm EDT

Deaths linked to GM ignition-switch defect rise to 29

DETROIT - A program to compensate victims of a faulty ignition switch in General Motors Co vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program.

10:45am EDT

SunEdison shares rise on report of Einhorn recommendation

NEW YORK - SunEdison Inc's shares shot higher on Monday and its options activity spiked up following a report that Greenlight Capital Inc's David Einhorn recommended the stock at a closed-door investor conference in New York on Monday.

1:49pm EDT

Toyota recalls 247,000 vehicles in U.S. over Takata air bags

DETROIT - Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators.

4:58pm EDT

U.S. risks trade sanctions in WTO meat label dispute

GENEVA/WASHINGTON - The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling regulations fully in line with international fair trading rules.

Health, Mexico 4:26pm EDT


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Sector Summary

Should bankers get bigger bonuses?

Morgan Stanley reported strong third-quarter earnings today, up 12 percent to $8.91 billion in quarterly revenue, while rival Goldman Sachs yesterday reported an increase of 25 percent to $8.39 billion.