Wall St. edges up after three-day run; tech lifts Dow

NEW YORK - U.S. stocks edged higher on Monday, with investors holding off on making big bets after the S&P 500's best week in nearly two months, while the Dow was lifted by gains in large-cap tech shares.

Recent Business News

Gucci to check Chinese suppliers after TV exploitation charges

MILAN - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble its handbags.

11:55am EST

Russia says U.S. scrapping steel trade deal raises WTO issues

LONDON - Russia has complained that a U.S. move to scrap a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties is inconsistent with World Trade Organization rules.

GM gets 104 more claims for faulty ignition switch compensation

- General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation program.

10:43am EST

Russia to bail out Trust Bank with up to $530 million

MOSCOW - Russian mid-sized lender Trust Bank is to receive up to 30 billion rubles ($530 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis.

11:42am EST

American Apparel confirms takeover offer, sets new 'poison pill'

- Struggling American Apparel Inc, which fired controversial Chief Executive Dov Charney last week, said it was evaluating a proposed takeover and announced the appointment of a new head of the board, sending its shares up in early trade.

11:19am EST


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