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U.S. factory orders post largest gain in eight months

WASHINGTON - New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.

Recent Business News

Buffett defends core holdings like IBM, Coca-Cola, in interview

NEW YORK - Billionaire investor Warren Buffett defended some of his core holdings in a televised interview on Monday, but reiterated that equities in general would look expensive in an environment with normal interest rates.

9:53am EDT

Tesla faces competition for customers, subsidies

LOS ANGELES - Tesla Motors Inc's plan to generate new revenue by repackaging electric car batteries as home and business power storage systems faces stiff competition for both customers and the government subsidies that are critical to the market’s growth.

6:02am EDT

Bank of America plans vote on change allowing CEO to be chairman

NEW YORK - Bank of America Corp plans to hold a shareholder vote on the change the board made in October to company bylaws to allow Chief Executive Officer Brian Moynihan to also be chairman.

9:49am EDT

Bull market 'supercycle' for stocks, bonds ending: Bill Gross

NEW YORK - The bull market "supercycle" for stocks and bonds is approaching an end, as the unconventional monetary policies that have bolstered asset prices since the financial crisis are running out, widely followed investor Bill Gross said on Monday.

10:43am EDT

Oil slips after hitting 2015 high above $67

LONDON - Oil eased toward $66 a barrel on Monday after reaching a 2015 high, as ample current supplies and weak Chinese factory activity countered expectations of a tighter supply and demand balance later this year.

9:42am EDT

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