Wall St. opens up as chance of rate hike in 2015 dims

- Wall Street opened higher on Monday, after a disappointing U.S. jobs report on Friday hardened views that the Federal Reserve will not raise interest rates this year.

Recent Business News

American Apparel files for bankruptcy, operations to continue

- American Apparel Inc, known as much for its sexually charged advertising and controversial founder as for its fashion offerings, filed for Chapter 11 bankruptcy protection on Monday.

Nelson Peltz's Trian Fund takes $2.5 billion stake in GE

- Nelson Peltz's Trian Fund Management said it bought $2.5 billion in shares of General Electric Co since May, making it one of the top 10 shareholders in the industrial conglomerate.

9:24am EDT

U.S. to announce resolution over 2010 BP oil spill: statement

WASHINGTON - The United States on Monday will announce its resolution of federal and state claims against BP PLC over the its deadly Gulf of Mexico oil spill five years ago, the U.S. Department of Justice said in a statement.

8:06am EDT

Air France managers flee as staff storm meeting on job cuts

ROISSY, France - Air France managers fled a meeting on Monday about mass job cuts after angry staff waving banners and flags stormed the room, according to Reuters journalists at the scene. | Video

Oil up as Russia mulls OPEC talks, rig count drops

LONDON - Oil rose on Monday after Russia said it was ready to meet other producers to discuss the market, where prices have more than halved from last year's highs due to a supply glut.

7:36am EDT


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