Halliburton Co. and Baker Hughes Inc. called off their $28 billion merger that faced stiff resistance from regulators in the U.S. and Europe over antitrust concerns.
LONDON A 3-percent drop in Japanese shares and weakness in the banking sector kept financial markets on edge on Monday, although stock markets in both Europe and the United States were on track for some minimal gains.
Puerto Rico's Government Development Bank doesn't plan to make most of a $422 million debt payment due Monday, a step that could move the island's financial crisis to a new level.
Loews Corp. and its insurance unit CNA Financial Corp. posted revenue declines as decreased investment returns hurt results. Loews owns 90% of CNA, which typically accounts for most of the conglomerate's revenue.
The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare.