Wall Street hits new records, but telecom weighs on Dow

NEW YORK - U.S. stocks rose on Monday, with major indexes hitting fresh records on the back of multiple merger deals and hopes that China will take further accommodative monetary policy action.

Recent Business News

Visteon eyes $3.6 billion sale of South Korean unit: reports

SEOUL - U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said.

Deals, South Korea 7:47am EST

Strategist Bernstein sees more equity gains, likes high-yield munis

NEW YORK - Longtime Wall Street strategist Richard Bernstein hasn't quite gotten used to investors' reactions when he tells them his favorite asset class for 2015 is the same as in 2014 - high- yield municipal bonds.

1:02pm EST

Carlyle seeking $5 billion for fund with longer life: Bloomberg

- Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported.

7:59am EST

Stalled Greek bailout talks to resume in Paris on Tuesday

ATHENS - Greece's government will resume stalled talks with EU/IMF lenders in Paris on Tuesday, as Athens pushes to conclude a review by inspectors so it can make an early exit to an unpopular bailout program.

IMF, Greece 2:24pm EST

Two more deaths identified by GM ignition-switch program

NEW YORK - Two additional deaths have been attributed to a faulty ignition switch in General Motors Co vehicles, bringing the total to 35, according a report on Monday from the lawyer overseeing a program to compensate for deaths and accidents linked to the part.

U.S., Arts 11:22am EST


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