BUSINESS

The S&P 500 and the Nasdaq slipped on Monday as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.

The S&P 500 and Nasdaq fell on Monday as economic data in China and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.

PepsiCo Inc revamped its global structure on Monday in a move that deepens its management bench and could pave the way for an eventual successor to Chief Executive Indra Nooyi.

Stocks were flat on Monday as economic data in China and this week's Federal Open Market Committee announcement gave investors reason to pause after a three-day rally.

Venture capitalists have some insights for startup entrepreneurs trying to break out at Austin's South By Southwest Interactive, a mecca for the technorati that runs through Tuesday.

PepsiCo Inc said it was taking the essential step of changing its global structure by creating the new job of president to integrate its sprawling operations worldwide, and was bringing back a former executive to head its food and snacks business in the Americas.

Oracle Corp, the world's No. 3 software maker, lacks catalysts for growth as its integrated systems business is seeing slower-than-expected adoption and software unit is facing higher competition, Jefferies & Co said and downgraded the stock to hold.

The People's Bank of China set the yuan's midpoint against the dollar sharply lower on Monday, the second biggest single-day fall on record and the latest signal that China is willing to let its currency move within a wider range.

Goldman Sachs Group Inc will hold its annual board meeting in India later this month in a sign of the U.S.-based bank's commitment to one of the fast-growing emerging markets, a source with direct knowledge of the matter said on Monday.

Shares and the euro began trading within narrow ranges on Monday, retracing some of last week's gains, as investors paused to assess the effect of strong U.S. jobs data on the growth outlook and the potential for an end to central bank policy easing.

Nokia will close down Nokia Money, a financial service it runs in India, as it continues to narrow its focus on its phone business and location-based services.

Greece's deep recession and unpredictable elections threaten to turn the biggest debt restructuring in history into yet another short-lived reprieve, although the existential threat posed to the euro zone is not what it was.

Asian shares fell on Monday as investors paused to assess the effect of strong U.S. jobs data, which scaled back expectations of more easing ahead of this week's Federal Reserve meeting, while uncertainty over Chinese growth also weighed on sentiment.

Global investors in search of high-dividend equity plays are heading to emerging markets, abandoning their view of these stocks as a predominantly growth-based investment.

The 30-minute Kony 2012 video by San Diego-based charity Invisible Children went viral last week promoted further by social media endorsements and campaigns by celebrities like Oprah Winfrey.

Asian shares fell on Monday as investors paused to assess the effect of strong jobs data, which scaled back expectations for more easing ahead of this week's Federal Reserve meeting, while uncertainty over Chinese growth also weighed on sentiment.

Taiwan stocks ended down 1.1 percent on Monday, joining Asian bourses amid uncertainty of Chinese growth, weighed down by HTC Corp and LCD makers , as investors took profit from their previous gains.

China will manage its $3.2 trillion of foreign currency reserves more creatively to ensure effective results, its central bank said on Monday, as it vowed to work harder to free the country's tightly controlled financial markets.

China's Sina Corp estimates 60 percent of the users of its popular microblogging Weibo platform would have registered their real identities by a March 16 deadline in compliance with government regulations, a company spokesman said on Monday.

The yen remains overvalued despite its recent steep fall from historic peaks versus the U.S. dollar, Japan's prime minister said on Monday, while the country's finance minister kept up a warning against speculative currency moves.

Japan's core machinery orders rose at a faster pace than expected in January in a sign that rebuilding the country's tsunami-battered northeast coast could propel capital expenditure and support the fragile economy.

The yen is still relatively overvalued despite its recent steep fall from historic peaks versus the U.S. dollar, Japanese Prime Minister Yoshihiko Noda said on Monday.

The People's Bank of China on Monday fixed the yuan's mid-point against the dollar sharply lower, its second biggest single-day fall on record, in the latest sign China intends to let its currency move in a wider range.

Citigroup Inc has appointed Peter Tague, a veteran of its investment banking operation based in New York, as co-head of its global mergers and acquisitions group as it seeks to bolster its market share in landmark and cross-border transactions.

Investors ploughed more money into hedge funds over the past month, data from hedge fund administrator GlobeOp shows, as hopes of a resolution to the euro zone debt crisis and a rebound in markets boosted confidence after last year's losses.

For a moment, U.S. stocks looked like they were headed for a long-awaited pullback last week.

If inflation is a dragon that must be slain, China's Premier Wen Jiabao has shown he is willing to sacrifice a part of the country's most vital asset to do so -- growth.

The Casa Enzo Ferrari Museum in Modena was opened Saturday to honor the life and work of Enzo Ferrari, the founder of the Italian sports car manufacturer.

Commodities and mining giant Glencore has made a 3.5 billion pound (US$5.5 billion) approach for Canada's biggest grain handler Viterra, Britain's Sunday Telegraph newspaper said on its website on Saturday.