- Wall Street opened higher on Monday, after a disappointing U.S. jobs report on Friday hardened views that the Federal Reserve will not raise interest rates this year.
Recent Business News
- Nelson Peltz's Trian Fund Management said it bought $2.5 billion in shares of General Electric Co since May, making it one of the top 10 shareholders in the industrial conglomerate.
BOSTON - Eric Rosengren still expects the Federal Reserve to raise interest rates this year despite what the head of the Boston Fed called a "weak" September jobs report, which could signal a more significant economic slowdown that delays the policy tightening.
WASHINGTON - The United States on Monday will announce its resolution of federal and state claims against BP PLC over the its deadly Gulf of Mexico oil spill five years ago, the U.S. Department of Justice said in a statement.
ROISSY, France - Air France managers fled a meeting on Monday about mass job cuts after angry staff waving banners and flags stormed the room, according to Reuters journalists at the scene.
LONDON - Oil rose on Monday after Russia said it was ready to meet other producers to discuss the market, where prices have more than halved from last year's highs due to a supply glut.