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S&P 500, Dow edge up; tech weighs on Nasdaq

The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors.

Recent Business News

GM lowers outlook for U.S. 2017 new vehicle sales

DETROIT General Motors Co now expects U.S. new vehicle sales in 2017 will be in the "low 17 million" unit range, reflecting a widespread expectation that the industry is headed for a moderate downturn, a top executive said on Monday.

4:10pm EDT

Carl Icahn to fund former Sargon co-manager Schechter's new venture

Billionaire Carl Icahn's investment firm, Icahn Enterprises LP , said on Monday it had entered an agreement with the former co-manager of its Sargon Portfolio, David Schechter, to fund his new private investment management business.

4:59pm EDT

'Pharma bro' Martin Shkreli heads into fraud trial

NEW YORK Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran. | Video

1:48pm EDT

Banks' blockchain consortium picks IBM for trade finance platform

PARIS Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.

Tech, Campaign Finance 6:22pm EDT

U.S. top court buries CalPERS lawsuit over Lehman collapse

WASHINGTON Nearly 30 banks that underwrote billions in debt offerings by Lehman Brothers before Lehman collapsed in 2008 will not have to defend a securities fraud lawsuit by a big California pension fund, the U.S. Supreme Court ruled on Monday.

1:03pm EDT

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