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Wall St. lower as technology stocks drag

A selloff in technology stocks, led by Facebook and Apple, drove down major Wall Street indexes on Monday.

Recent Business News

AIG to restructure into three new units, marking CEO's first big move

American International Group Inc said on Monday it will reorganize into three new business units and will no longer have separate commercial and consumer units, marking the first significant move by new Chief Executive Brian Duperreault.

10:50am EDT

Target raises minimum hourly wage to $11, pledges $15 by end of 2020

CHICAGO Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour -- the so-called "living wage" labor advocates across the United States are campaigning for.

8:15am EDT

Exclusive: Toshiba tells banks chip deal delayed as Apple yet to approve

TOKYO Toshiba Corp told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc , a member of the buyer group, has not agreed on key terms, two people involved in the deal said.

10:38am EDT

DR Horton cuts cash flow forecast 50 percent on hurricanes

D.R. Horton Inc , the No.1 U.S. homebuilder, drastically cut its 2017 forecast for cash flow from operations due to delays caused by the recent hurricanes, becoming the second homebuilder to say natural disasters have hurt operations.

8:42am EDT

Allergan boosts shares with $2 billion buyback

U.S. drugmaker Allergan Plc on Monday authorized a $2 billion buyback of its common stock, sending its shares up after a week of disappointing news on its drug development pipeline.

11:03am EDT


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