Business News & Financial News

BEIJING A Chinese environmental group said it has sued Volkswagen AG over its use of software to rig emissions tests, in what state-owned media calls the first public interest lawsuit over the scandal in the German company's biggest global market.NEW YORK General Electric Co shares are trading at their highest valuation in more than a decade, reversing discounts to other - - industrial rivals and adding pressure on the U.S. conglomerate to show it can drive profits in line with - you can find out more - its newfound market premium. After a big run this year, GE shares sit at 20 times forward 12-months earnings projections, their highest level since 2005, according to Thomson Reuters data. GE, the sixth-biggest U.S. company by market value,4:45pm ESTNewell Rubbermaid Inc , known for its food containers, agreed to buy Sunbeam and Coleman products maker Jarden Corp for more - you can try here - than $15 billion in a deal that will give it more leverage with - - retailers such as Wal-Mart Stores Inc . |Video1:39pm ESTWASHINGTON Lockheed Martin Corp has won a U.S. Army contract worth $1.09 billion to build PAC-3 missiles - her comment is here - for the U.S. Army, South Korea, Qatar and Saudi Arabia for use in Raytheon Co's Patriot missile defense system, the Pentagon said Monday.NEW YORK/SAN FRANCISCO Once the Federal Reserve lifts interest rates from near zero, likely this week, the focus will turn to the other legacy of the crisis-era policies: the Fed's swollen balance sheet.1:56pm EST