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

Exclusive: China ready to cut rates again on fears of deflation - sources

BEIJING - China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

23 Nov 2014

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

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

Tesla says in talks with BMW over car batteries, parts

FRANKFURT - U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible collaboration in batteries and lightweight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel. | Video

11:51am 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


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