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Wall Street ends lower on housing data

NEW YORK - U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August as the latest housing data came in much weaker than expected, raising new concerns about the level of growth in the economy.

Recent Business News

Starbucks testing stout beer-flavored 'dark barrel latte'

- Dark beer lovers take note. Starbucks Corp is testing a "dark barrel latte" in a handful of its cafes in Ohio and Florida.

2:55pm EDT

Apple sells more than 10 million new iPhones in first 3 days

- Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. | Video

Tech, Media 2:47pm EDT

N.Y. financial regulator says to focus on cyber security

NEW YORK - New York's financial regulator said on Monday his agency will focus on cyber security over the next year, saying the possibility of a systemic attack to the financial system is one thing that keeps him awake at night.

Deaths linked to GM ignition-switch defect rise to 21

- The number of deaths linked to a faulty ignition switch in General Motors Co vehicles rose by two last week to 21, according to a report Monday from a lawyer overseeing a program to compensate victims of accidents caused by the recalled part.

1:32pm EDT

Germany's Merck to buy Sigma-Aldrich for $17 billion to boost lab supplies operation

FRANKFURT - Drugs and chemicals maker Merck KGaA agreed on Monday to acquire U.S.-based Sigma-Aldrich Corp for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group's history.

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