Wall Street rebounds, helped by deals

- U.S. stocks climbed more than 1 percent on Monday, rebounding from a sharp decline last week, helped by deal activity, especially in healthcare.

Recent Business News

Oil down as Iran races for Tuesday deadline on nuclear deal

NEW YORK - Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market.

11:20am EDT

U.S. not liable for alleged SEC negligence in Stanford fraud: court

- A federal appeals court said on Monday the United States is not liable to victims of Allen Stanford's fraud who claimed that the Securities and Exchange Commission was incompetent for having taken too long to uncover the swindler's $7.2 billion Ponzi scheme.

SEC accuses financier Lynn Tilton of defrauding investors

WASHINGTON - U.S. regulators on Monday accused flamboyant New York financier Lynn Tilton and her advisory business of defrauding investors by hiding the poor performance of assets underlying three collateralized loan obligation funds.

McDonald's starts table service in Germany

FRANKFURT - McDonald's Corp is introducing table service in Germany as it reinvents itself as a "modern, progressive burger company" under new Chief Executive Steve Easterbrook.

3:14pm EDT

Exclusive: Morgan Stanley to sell natural gas business scrutinized by Fed

NEW YORK - Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter.


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