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BNY Mellon gives activist investor Trian Fund a board seat

Bank of New York Mellon (BK.N) said it elected Ed Garden, a founding partner of activist investor Trian Fund Management LP, to its board.

Dec 02, 2014 11:54 AM EST

Markets

Oil falls below $72 after sharp rally in volatile market

Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in the previous day's rally from five-year lows, as traders voiced uncertainty over whether the market had reached a floor or would keep falling.

Markets

Wall St. rises; energy leads despite oil weakness

U.S. stocks rose on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500's weakest day in a month.

Markets

U.S. construction spending posts biggest gain in five months

U.S. construction spending rose more than expected in October as both private and public outlays increased, which could ease concerns of a sharp slowdown in fourth-quarter economic growth.

U.S. retailers warn of Chinese giant Alibaba's impact in U.S.

Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may "decimate" local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.

Dec 01, 2014 2:28 PM EST

Fed rate hikes to depend on markets, not just economy: Dudley

The Federal Reserve will not just tighten policy based on how the U.S. economy is faring, but on how well financial markets respond to the eventual interest-rate hikes, an influential Fed official said on Monday.

Dec 01, 2014 2:25 PM EST

Apple tumbles as much as 6 percent in unusual trading

Apple Inc (AAPL.O) shares tumbled shortly after the start of trading on Monday, briefly suffering their largest price drop in at least three months on an unusual spike in volume.

Dec 01, 2014 2:23 PM EST

Wall Street falls on weak global data; Apple stumbles

U.S. stocks fell in a broad selloff on Monday, with the S&P 500 suffering its biggest one-day drop in more than a month, as economic data indicated weakness across the globe and the U.S. holiday shopping season got off to a tepid start.

Dec 01, 2014 2:16 PM EST

U.S. manufacturing cools, but underlying momentum remains

U.S. factory activity moderated in November, but sustained gains in new orders and a rebound in exports suggested the economy remained on a firmer footing despite slowing global growth.

Dec 01, 2014 1:28 PM EST

Standard Chartered hit with first S&P downgrade in 20 years

Ratings agency Standard & Poor's (S&P) cut its credit rating on Standard Chartered (STAN.L) for the first time in 20 years on Friday, citing the "tough period" the Asia-focused bank was going through and its weaker credit-worthiness.

Nov 28, 2014 11:27 AM EST

Billions wiped off energy shares as investors rush for exit

A fresh slide in the price of crude wiped tens of billions of dollars off oil companies' market value on Friday and signaled an end to the sector's safe-haven status, as fears mounted over future profits and dividend payouts.

Nov 28, 2014 11:25 AM EST

S&P 500 down on oil rout, but on track for six-week rally

U.S. stocks were little changed on Friday, with major indexes on track for a sixth straight weekly advance in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low.

Nov 28, 2014 11:23 AM EST

Japan inflation slows in October, highlights challenge facing Abe

Japan's annual core consumer inflation slowed for a third straight month in October due to falling oil prices, highlighting the economic gloom facing Premier Shinzo Abe as he campaigns for a new mandate to implement his stalled recovery plan.

Nov 28, 2014 11:22 AM EST

Speculators increase bets that Brent crude will fall to $65 in first quarter

The main bet that oil speculators are making for the first few months of next year is that a barrel of Brent crude will fall to $65, according to options market data.

Nov 28, 2014 11:19 AM EST

Deere says equipment sales to fall further as farm incomes drop

Deere & Co (DE.N) said it expected equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery.

Nov 26, 2014 10:18 AM EST

U.S. new home sales rise in October, but September revised down

Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.

Nov 26, 2014 10:15 AM EST