Business News

NEW YORK - Investors halted stocks' three-day losing streak Monday, buying across the market on a range of factors including the weaker dollar and better-than-expected home sales numbers.

NEW YORK (Reuters) - U.S. stocks advanced on Monday, with the S&P 500 on track to snap a three-day sell-off, as a weak U.S. dollar and better-than-expected home sales data encouraged investors.

LONDON (AFP) - The leading shares posted big gains on Monday, led by miners who were boosted by better-than-expected US housing data and a weak US dollar.

NEW YORK (Reuters) - Campbell Soup Co reported a higher-than-expected quarterly profit on Monday, helped by price increases and easing costs for ingredients including grains that offset a drop in sales.

MOUNT LAUREL, N.J. - Price-conscious grocery shoppers are being choosy about what they buy to cook at home, even from the value-oriented Campbell Soup Co.

CLEARWATER, Fla. - Tech Data Corp. on Monday said its third-quarter net income more than doubled as lower interest expenses and a smaller foreign-exchange loss more than offset a decline in revenue.

BRUSSELS (Reuters) - General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said on Monday.

DETROIT - The U.S. auto industry will recover only a little next year, weighed down by high unemployment and other troubles that will continue to limit economic growth, a top industry analyst said Monday.

NEW YORK - Rigel Pharmaceuticals Inc. rose after an RBC Capital Markets analyst recommended buying shares of the drug developer based on his expectations the company will announce news of a partnership for a key drug candidate.

It's been a hard year to work at General Electric . Salary freezes have hit its famously performance-driven employees, with some managers taking pay cuts. The price of GE stock, which once made millionaires out of even hourly workers, has gone nowhere as the rest of the market has risen. A 68% dividend cut -- the first in 71 years -- has stung execs who rely on a heavy dose of restricted shares.

About a year ago, observers of the UK commercial property market would not have been shocked to see the Four Horsemen of the Apocalypse riding around the corner.

I am not your typical MBA student. I chuckle thinking about the havoc I will wreak on the incoming class pie charts that the admissions office will prepare at the Georgetown McDonough School of Business (McDonough Full-Time MBA School Profile), where I will start this fall. How will they categorize a gay Bosnian Muslim refugee, a former chemist who writes about sexuality in Islam while counseling college students?

WASHINGTON - Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.

MUMBAI (Reuters) - Leading Indian outsourcers such as Tata Consultancy , Infosys and Wipro stand to gain contracts worth about $1 billion in the next one or two years as U.S. banks emerge from the troubled asset relief program, the Economic Times reported on Monday.

WASHINGTON (Reuters) - Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Monday.