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French election results catapult Wall Street higher; Nasdaq sets record

NEW YORK U.S. stocks rallied on Monday, tracking a relief rally that swept through Asian and European markets, after centrist candidate and market favorite Emmanuel Macron won the first round of the French presidential election.

Recent Business News

Halliburton gains from rising oil well completions in North America

Halliburton Co said on Monday that oil producers are completing nearly as many wells as they are drilling, a major reversal from when companies left wells unfinished in anticipation of higher oil prices.

11:06am EDT

Tesla’s big Model 3 bet rides on risky assembly line strategy

Tesla Inc Chief Executive Elon Musk took many risks with the technology in his company's cars on the way to surpassing Ford Motor Co's market value. Now Musk is pushing boundaries in the factory that makes them. | Video

2:05pm EDT

Fresenius snaps up Akorn, Merck KGaA's biosimilars in separate deals

FRANKFURT Acquisitive German healthcare conglomerate Fresenius SE & Co KGaA revved up its deals pace by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion (4.37 billion euros), and in a separate deal, the biosimilars unit of German peer Merck KGaA .

5:22pm EDT

MetLife asks court to halt 'too big to fail' case during Trump review

WASHINGTON MetLife Inc is asking a U.S. court to put on pause a case over how the government deems certain companies "too big to fail," one of the most significant reforms to come out of the financial crisis, while President Donald Trump's administration finishes reviewing the current regulatory approach.

4:54pm EDT

Alitalia workers reject labor deal, put airline on course for administration: union sources

ROME/MILAN Alitalia workers rejected a proposal to cut jobs among ground staff and trim flight personnel's salaries as part of a major restructuring, putting the loss-making Italian airline on course for government-led special administration, union sources said.

4:38pm EDT

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