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Wall Street ends near flat; deal news offsets data

NEW YORK - Stocks ended nearly flat on Monday as the latest deal news offset losses following soft data on the housing market and services sector.

Recent Business News

Carlyle nears $5 billion deal for Acosta: source

NEW YORK - Carlyle Group LP is in advanced talks to acquire Acosta Sales and Marketing, in a deal that could value the consumer goods marketing agency at close to $5 billion including debt, a person familiar with the matter said on Monday.

12:40pm EDT

Panasonic, Tesla reach agreement on U.S. battery plant: Nikkei

- Panasonic Corp has reached a basic agreement with Tesla Motors Inc to initially supply the electric car maker's proposed lithium-ion battery plant with machinery to make battery cells, the Nikkei said.

3:42pm EDT

Exclusive: GM moves next version of big pickups ahead by nine months - sources

DETROIT - General Motors Co has pushed forward the launch of its next-generation full-size pickups by about nine months to fall 2018, hoping to narrow rival Ford Motor Co's still-sizable lead in meeting future U.S. fuel-economy standards, supplier sources said on Monday.

1:58pm EDT

Court orders Russia to pay $50 billion for seizing Yukos assets

MOSCOW/LONDON/AMSTERDAM - An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.

Argentina to hold last-gasp debt talks with mediator Tuesday

BUENOS AIRES/NEW YORK - Argentina on Tuesday will meet the U.S. mediator in its battle with 'holdout' debt investors suing the country for last-minute talks to avert its second default this century.

4:32pm EDT

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Millennials: forever renters or just delayed homeowners?

The White House wants to help you move out of your parents’ basement. That was the message from Jason Furman, the chairman of the White House’s Council of Economic Advisers, at the Zillow Housing Forum in Washington yesterday.