Benetton founder, who took family business beyond sweaters, dies at 77

Gilberto Benetton, a co-founder of Italian clothing retailer United Colors of Benetton who masterminded the family empire's diversification into construction, transport and catering, has died at the age of 77.

Dow, S&P 500 down as dollar rises, yield curve flattens

U.S. stocks were slightly lower in choppy trade on Monday as some investors showed earnings season nerves and the dollar strengthened, while long-dated U.S. Treasury prices edged higher.

Oil little changed despite Saudi pledge to boost output

Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia's pledge to raise crude production to a record high, two weeks before U.S. sanctions potentially choke off Iranian supplies.

Dow, S&P fall with energy, financials; tech boosts Nasdaq

The S&P 500 and Dow slipped in choppy trading on Monday following losses in energy and financial stocks but gains in technology sectors helped limit losses and lifted the Nasdaq.

Branson steps down from role as chairman of Virgin Hyperloop

Richard Branson is quitting as chairman of Virgin Hyperloop One, saying the company, that plans to build a supersonic transport system in the United Arab Emirates and other countries, needs a more actively involved leader, the firm said on Monday.

Republican U.S. election sweep would boost short sellers: Lamensdorf

U.S. equity short sellers are rooting for a Republican sweep of Congress in U.S. elections on Nov. 6, which are seen as partly a vote on President Donald Trump's pro-business policies, a leading Wall Street short seller said on Monday.

Arm CEO pulls out of Saudi conference: source

British chip designer Arm Holdings Chief Executive Officer Simon Segars has pulled out of the Saudi Arabia investment conference this week, a source familiar with the matter told Reuters on Monday.

Aegean picks Pratt & Whitney engines for its A320neo aircraft

Greece's largest carrier Aegean Airlines picked U.S. engine maker Pratt & Whitney to power up to 62 Airbus A320neo aircraft, the carrier said on Monday.

Wells Fargo pays $65 million to settle 'cross-sell' fraud claims with New York

Wells Fargo & Co will pay $65 million to settle claims that it misled investors about its "cross-selling" business strategy, the New York Attorney General's office said on Monday.

Hasbro results dented by lingering Toys 'R' Us woes, shares drop

Toymaker Hasbro Inc missed analysts' expectations for quarterly revenue and profit on Monday, as the demise of major retail partner Toys 'R' Us hurt sales in Europe and the United States, sending its shares down as much as 8 percent.

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