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Wall St. declines on tech selloff, North Korea concern

NEW YORK Wall Street dipped on Monday, as a selloff in technology shares weighed heavily on the Nasdaq, while the most recent statement from North Korea's to Washington added to a cautious tone.

Recent Business News

Fed policymakers clash on outlook for inflation

SYRACUSE, N.Y./GRAND RAPIDS, Mich. A debate within the Federal Reserve over the outlook for U.S. inflation burst into public view just days after a rate-setting meeting in Washington, with one central banker saying inflation weakness is fading and another suggesting he's nervous it won't.

3:02pm EDT

Nets welcomes $5.3 billion takeover bid by Hellman & Friedman

COPENHAGEN Payments firm Nets on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years.

11:32am EDT

BlackRock fees in limbo over donation to U.S. presidential candidate

NEW YORK A senior BlackRock Inc executive made a donation to an unsuccessful U.S. presidential candidate last year, an action that may prohibit the world's largest asset manager from collecting some fees from a state government, a company regulatory filing showed.

Politics, Election 2016 4:42pm EDT

SEC chairman belatedly learned of 2016 agency hack: testimony

WASHINGTON The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator's database of corporate announcements in 2016, according to prepared congressional testimony seen by Reuters on Monday.

Tech, Cybersecurity 5:08pm EDT

P&G's Gillette sues Schick maker Edgewell over razor blade design

Procter & Gamble Co's Gillette unit on Monday sued the maker of Schick razors for the second time in 13 months, seeking to stop its sale of razor blade cartridges designed to fit Gillette's Fusion handles.

5:45pm EDT

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