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Weak oil pulls Wall Street off record highs; Fed meet eyed

U.S. stocks slipped from their record levels on Monday as oil weighed on energy shares and as investors awaited this week's Federal Reserve monetary policy meeting.

Recent Business News

Fiat Chrysler review shows U.S. sales figures were inflated: report

DETROIT An internal review begun at Fiat Chrysler Automobiles in 2015 found its U.S. sales figures were inflated, partly due to pressure to keep a year-over-year monthly sales streak alive, the Automotive News reported on Monday, citing two sources at the automaker.

9:59am EDT

Sprint says to be cash-flow positive next year, shares soar

Sprint Corp reported better-than-expected first-quarter revenue as big discounts attracted more postpaid subscribers, and the No. 4 U.S. wireless carrier said it expected to be cash flow positive next fiscal year after breaking even this year.

1:37pm EDT

Starbucks shuffles management as it rolls out new store concepts

Starbucks Corp on Monday said it was tweaking its management structure as part of a long-range growth strategy that includes opening new retail concepts, including upscale coffee shops and bakery outlets.

2:06pm EDT

Deutsche Bank must face U.S. lawsuit over subprime disclosures

NEW YORK A U.S. judge on Monday said Deutsche Bank AG must face part of a lawsuit claiming it defrauded investors who bought $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market.

1:47pm EDT

SunEdison unit TerraForm Power adopts poison pill

SunEdison Inc's unit TerraForm Power Inc said it had adopted a shareholders rights plan to prevent any sale of a significant number of Class A shares in the company.

7:37am EDT

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