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Updated: 34 min 40 sec ago
Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges.
Specialty pharmaceuticals company Mallinckrodt Plc will buy drugmaker Questcor Pharmaceuticals Inc for about $5.6 billion to gain access to its lucrative drug to treat multiple sclerosis, Acthar Gel.
Big retailers are muscling in on the likes of Visa, MasterCard and Google in a fiercely competitive and growing mobile payment market that promises to cut transaction costs and increase customer loyalty.
Russian stocks slid on Monday, with the MICEX index posting one of the biggest country-specific losses in Europe as the Ukraine-Russia conflict kept investors on edge.
Gold inched lower on Monday, steadying around $1,300 an ounce following its biggest one-day jump in three weeks, as investor worries about an early U.S. interest rate hike eased after a monthly jobs report failed to meet market expectations.
Shares in Roche Holding AG fell 1.4% after the Swiss cancer-drug specialist said it has acquired privately held Massachusetts-based IQuum in a deal worth $450 million.
The U.S. Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, according to people familiar with the matter.
The European Central Bank is sketching out plans for asset purchases if they are warranted, but an immediate program launch doesn't appear likely, Yves Mersch, a member of the bank's executive board, reportedly said Monday.
Qualcomm gave details about a future high-end smarthphone chip with faster downloading speeds and 64-bit technology.
Credit Suisse faces the threat of a new investigation into aiding tax avoidance after New York's top financial regulator requested documents.
World markets skidded into the red on Monday on the heels of a steep selloff in U.S. tech and biotech stocks late last week.
A Russian soldier has shot and killed a Ukrainian naval officer in eastern Crimea, Ukraine's defense ministry said Monday, Reuters reported.
European stocks dropped Monday, hit in the wake of Friday's selloff on Wall Street that left the Nasdaq Composite with its worst drop in two months.
The boards of Lafarge SA and Holcim Ltd. on Monday announced an agreement to merge the two companies into the world's biggest building materials group.
Veteran actor Mickey Rooney has died, reports said late Sunday, though no cause of death or date was available.
India's Sun Pharmaceutical Industries Ltd Managing Director Dilip Shanghvi said he expects Ranbaxy Laboratories Ltd to become profitable in the short term.
Australian officials in charge of helping search for missing Malaysia Airlines flight MH370 said Monday that one of their ships had detected signals that appear to be coming from a black-box recorder.
Chinese and Australian ships and planes are combing the Indian Ocean area where the Malaysia Airlines jet is believed to have gone down after a Chinese ship detected radio signals that could belong to the missing plane's black box.
Upstart Kentucky came from behind to overtake Wisconsin in the final seconds Saturday night for a 74-73 victory in the Final Four and a berth in Monday night's NCAA men's college basketball championship game against Connecticut.
The University of Connecticut upset overall top seed Florida 63-53 Saturday night to advance to Monday night's NCAA Division 1 men's college basketball championship.