ViacomCBS plans sale of CBS headquarters in New York
ViacomCBS is planning to sell the CBS headquarters in New York, known as Black Rock, as it seeks to cut costs from the combined company, Chief Executive Officer Bob Bakish told reporters Monday.
Testimony begins in U.S. states’ lawsuit to block T-Mobile/Sprint deal
Witness testimony began Monday over an effort by U.S. state attorneys general to stop T-Mobile US Inc from buying Sprint Corp, in a case that highlights disagreements between federal antitrust enforcers, who are Republican, and Democrats in powerful s…
Wall Street drops as tariff deadline looms
Wall Street’s main indexes fell in afternoon trading on Monday, with investors keeping a close watch on U.S.-China trade relations as planned tariffs on Chinese imports kick in on Dec. 15.
Brazil’s weak currency, cheaper credit add to Amazon threats
Brazil’s record-low interest rates and exchange rate threaten to accelerate Amazon deforestation, which has already risen sharply under Brazil’s farm-friendly President Jair Bolsonaro, economists tell Reuters.
Tiger Global cuts Juul’s valuation by half to $19 billion: WSJ
Private equity firm Tiger Global Management has cut its valuation of e-cigaratte maker Juul Labs Inc by half to $19 billion, the Wall Street Journal reported on Monday.
Reinvesting Aramco IPO money will aid government revenues: minister
Saudi Arabia’s finance minister on Monday said that reinvesting money from the initial public offering (IPO) of oil group Saudi Aramco would help to create more revenue channels for the government.
Amazon lawsuit blames Trump for loss of Pentagon cloud contract
Amazon.com Inc on Monday accused U.S. President Donald Trump of exerting “improper pressure” and bias that led the Department of Defense to award a lucrative $10 billion cloud contract to rival Microsoft Corp.
Just Eat takeover battle hots up with fresh $6.5 billion Prosus bid
Prosus raised its unsolicited cash offer for British food delivery service Just Eat to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway in their bitter takeover battle.
Stocks, gold gain as trade war spurs both hopes, concerns
Global equity markets advanced on Monday as stocks on Wall Street held near record highs on hopes U.S.-Sino talks delay a U.S. tariff deadline this coming Sunday, while gold rose as investors hedged against a possible escalation in the trade war.
Canada to present fiscal update before Christmas: finance minister
Canada’s new minority Liberal government will present a fiscal update before the Christmas break, although no date has been set, Finance Minister Bill Morneau said on Monday.
