Wall Street rises as investors eye rate hike delay, oil up

- U.S. stocks jumped on Monday, with the S&P 500 rising for the fifth day in a row, as rising oil prices boosted energy stocks and investors bet the Federal Reserve would not raise interest rates this year. | Video

Recent Business News

U.S. service sector growth ebbs in September

NEW YORK, - The pace of growth in the U.S. services sector decelerated in September as new orders and business activity slowed, according to an industry report released on Monday.

10:24am EDT

American Apparel files for bankruptcy, operations to continue

- American Apparel Inc, known as much for its sexually charged advertising and controversial founder as for its fashion offerings, filed for Chapter 11 bankruptcy protection on Monday.

Twitter appoints Jack Dorsey CEO, seeks new chairman

- Twitter Inc named Jack Dorsey as its permanent CEO but said it would look elsewhere for a chairman, seeking to allay concerns about its co-founder's dual role as head of the mobile payments company Square. | Video

Tech, Twitter, Cybersecurity 3:10pm EDT

Alaska to be hit by Shell's decision to halt oil exploration: Moody's

SAN FRANCISCO - Royal Dutch Shell Plc's decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state's already struggling economy, Moody's said in a note released on Monday.

5:00pm EDT

Nelson Peltz's Trian takes $2.5 billion stake in General Electric

- Activist investor Nelson Peltz's fund has bought a $2.5 billion stake in General Electric Co, adding fresh pressure on the U.S. conglomerate to pull off its plan to shift away from finance operations toward its industrial roots. | Video

2:00pm EDT


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