Industrial output posts its biggest drop in nearly 3 years, highlighting the negative impact of lower crude prices and a strong dollar on the economy.
U.S. stocks fell Monday on Wall Street as fears increased that the strong dollar and lower oil prices will hurt U.S. first-quarter earnings.
Drug mater Mylan rises after it agrees to buy rival Perrigo, and Ocular Therapeutix falls after disappointing results for inflammation and pain treatment.
Stocks closed out a strong week Friday with a broad rally as investors lauded GE's decision to divest most of its high-risk finance arm and buy back shares.
GE is getting out of the lending business, a major profit generator, as it focuses more on its industrial business and sheds a massive financial unit.
Warren Buffett's Berkshire Hathaway will pay $560 million for a nearly 10 percent stake in high-flying Axalta Coating Systems, which went public last fall.
GE will pay a $3.5 million penalty to settle charges of knowingly failing to report to the government that certain dishwashers and ranges could catch fire.
In quarterly reports this week, Starbucks is expected to have double-digit growth in revenue and earnings, and IBM double-digit declines.
Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market.
Orders for long-lasting manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the second quarter.
General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial, the conglomerate says.
GE is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reports, citing anonymous sources.
GE's retail credit-card business has agreed to pay $169 million to settle a lawsuit accusing it of discriminating against Hispanic credit card customers.
U.S. manufacturing output rose solidly in May as production increased across the board, bolstering expectations that economic growth is rebounding.
General Electric filed for an initial public offering of its North American consumer lending business as part of CEO Jeffrey Immelt's effort to reduce credit risks.
GE says its net income rose 5 percent in the fourth quarter on rising profits from the sale of aircraft engines, oil and gas drilling equipment and appliances.
GE's credit card division will refund $34.1 million to consumers who government regulators say were misled.
For much of the past 15 years, U.S. exports and manufacturing have been on the decline. But that trend appears to be reversing, and these stocks are likely to benefit.
GE is reportedly preparing to spin off its huge credit card business, as it seeks to reduce the size of its financial business to put more emphasis on its industrial products.
After posting a loss in the latest quarter, U.S. Steel shakes up its executive suite.
Seven years ago, Australian billionaire Clive Palmer sold Citic, China's biggest state-owned investment company, on the idea of mining low-grade iron ore from the Outback.