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Wall Street rises as financials gain, tech rebounds

U.S. stocks rose on Monday as a jump in 10-year bond yields to a month's high boosted financials and technology stocks rebounded, with investors waiting for earnings from marquee corporations to assess the impact of an escalating U.S.-China trade row.

Recent Business News

Blackstone wins EU approval to buy Thomson Reuters unit

BRUSSELS U.S. private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters' Financial and Risk unit, the European Commission said on Monday.

7:40am EDT

Fiat Chrysler loses another executive after Marchionne illness

MILAN New Fiat Chrysler boss Mike Manley was handed extra responsibilities for the carmaker's European business on Monday when a fellow executive quit after being passed over for the top job, adding to the challenges Manley faces. | Video

1:00pm EDT

Marvel sales help Hasbro soothe Toys 'R' Us headache

U.S. toymaker Hasbro Inc beat expectations for quarterly profit and revenue on Monday as a jump in Marvel toy sales helped it recover ground lost in last year's Toys 'R' Us bankruptcy, sending its shares up as much as 14 percent. | Video

12:20pm EDT

Facebook to double office presence in London

Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square meters) of office space across two buildings in King's Cross - enough for more than 6,000 workstations.

Tech, Facebook 7:15am EDT

SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth: sources

DUBAI A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter.

5:46am EDT


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