Wall St. flat after three-day run; Gilead drags

NEW YORK - U.S. stocks were little changed on Monday, after the benchmark S&P 500 enjoyed its best week in nearly two months, as a sharp drop in shares of Gilead Sciences offset broader gains in key indexes.

Recent Business News

Gucci to check Chinese suppliers after TV exploitation charges

MILAN - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble its handbags.

11:55am EST

GM gets 104 more claims for faulty ignition switch compensation

- General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation program.

10:43am EST

Russia to bail out Trust Bank with up to $530 million

MOSCOW - Russian mid-sized lender Trust Bank is to receive up to 30 billion rubles ($530 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis.

11:42am EST

American Apparel confirms takeover offer, sets new 'poison pill'

- Struggling American Apparel Inc, which fired controversial Chief Executive Dov Charney last week, said it was evaluating a proposed takeover and announced the appointment of a new head of the board, sending its shares up in early trade.

11:19am EST

Basel watchdog wants standardized assessment of banks' capital

LONDON - Global regulators have outlined measures to ensure capital held by banks does not fall below a certain level and to adopt a more consistent approach across the industry to measuring risk.


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