Obama: Climate pact an 'act of defiance' after Paris attacks

LE BOURGET, France (AP) — Pushing for a powerful climate deal, President Barack Obama called the global talks opening Monday outside Paris an "act of defiance" against terrorism that proves the world stands undeterred by Islamic State-linked attacks in Europe and beyond.

  • Written by NANCY BENAC, Associated Press

China joins IMF currency basket: Why it matters

BEIJING (AP) — The addition of China's yuan to the select basket of currencies used as a yardstick by the International Monetary Fund is a sign, experts say, that the yuan may one day become as recognizable as the dollar or euro.

  • Written by JOE McDONALD, AP Business Writer

Signs of weak holiday spending send retail stocks lower

NEW YORK (AP) — Stocks were lower in quiet trading Monday as traders returned from the Thanksgiving holiday. Retail stocks led the declines as early signals on the holiday shopping season failed to impress. Investors are focusing on central banks in Europe and the U.S., which are going in different directions on interest rate policy.

  • Written by KEN SWEET, AP Business Writer