Factory activity in New York state slumped in May for the third time this year amid a collapse in new orders and shipments, though manufacturers were slightly upbeat about business conditions over the next six months.

JetBlue Airways Corp is not taking no for an answer in its quest to buy rival Spirit Airlines.

ManTech International Corp on Monday agreed to a $3.93 billion all-cash deal with Carlyle Group Inc as the private equity firm strengthens its portfolio of U.S. defense contractors.

Gold fell more than 1% to its lowest in 3-1/2 months on Monday as elevated bond yields and overall strength in the dollar dampened bullion demand, even as riskier assets dropped after grim China economic data.

A Soviet-era car brand the "Moskvich" could make a surprise comeback in Russia, as Moscow takes over assets belonging to Renault following the French carmaker's exit from the country.