Wall St. dips at open after China policy comments

NEW YORK - U.S. stocks dipped at the open on Monday, after China's finance minister indicated the country will not increase stimulus measures, with data on the housing market due shortly after the opening bell.

Recent Business News

Alibaba IPO ranks as world's biggest after additional shares sold

HONG KONG - Alibaba's initial public offering now ranks as the world's biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares.

Tech, Media 9:17am EDT

Siemens to buy Dresser-Rand to tap U.S. shale gas boom

FRANKFURT - Germany's Siemens has agreed to buy U.S. oilfield equipment maker Dresser-Rand for $7.6 billion in cash, aiming to catch up with arch-rival General Electric in a booming U.S. shale gas market.

Tesco cuts profit outlook again and suspends staff after accounting error

LONDON - Tesco cut its profit forecast for the third time in two months on Monday and suspended four members of staff after finding a major fault in its accounts, dealing another blow to the reputation of the world's third biggest retailer. | Video

8:42am EDT

Air France offers to postpone low-cost project to end strike

PARIS - The head of Air France-KLM offered on Monday to postpone roll-out of its European low-cost operation until the end of the year in a bid to end a week-long pilots' strike costing it millions of euros a day.

After China, GlaxoSmithKline faces pressure for change

LONDON - GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has its work cut out to win back skeptical investors.

China, Health 7:36am EDT


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