Wall Street and the Trump Rally seemed to have taken the first day of the week off. Although the US markets closed in the green, it is a far cry from last weeks action and off the mornings highs. The US dollar closed near the session high (103.09), but crude prices remained in the high $53 handle.
PARIS (Reuters) - French judges convicted IMF chief Christine Lagarde on Monday of negligence for a state payout made while she served as France's finance minister in 2008, but imposed no punishment, citing her preoccupation at the time with the global financial crisis.
ZURICH/NEW YORK (Reuters) - The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount.
LONDON (Reuters) - Rupert Murdoch said on Monday he had never asked a British prime minister for anything, seeking to play down his influence ahead of what is likely to be a politically charged approval process for his $14.6 billion bid for pay-TV group Sky .
WASHINGTON (Reuters) - The Federal Reserve on Monday finalized a rule requiring big banks to disclose certain liquidity measures for the first time, as part of an effort to make sure they can cover large or rapid withdrawals.
NEW YORK (Reuters) - Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value.
WASHINGTON (Reuters) - Changing technologies and globalization have put a premium on completing a college education in order to get and keep higher-paying jobs, Federal Reserve Chair Janet Yellen said on Monday.
BRUSSELS (Reuters) - Apple Inc. appealed on Monday against a $14-billion tax demand as the European Union issued details of its ruling that the iPhone maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies.
The Interior Department on Monday issued a rule putting tighter restrictions on coal mining near streams, one of several environmental rules President-elect Donald Trump has targeted to undo once he takes office in January.
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