Large investor lays out $31 million options hedge against U.S. stock market drop
Monday’s slide in U.S. stocks prompted at least one large investors to load up big on stock options that would guard against a sharper hit to stocks into the start of next year.
Wall Street falls on weak manufacturing data, trade woes
Wall Street retreated on Monday as disappointing U.S. economic data and fresh trade worries dampened investor risk appetite.
Exclusive: Former Honeywell CEO in bid talks for Vertiv – sources
A company led by former Honeywell International Inc chief executive David Cote and backed by Goldman Sachs Group Inc is in talks to acquire U.S. backup power equipment firm Vertiv for more than $5 billion, including debt, according to people familiar…
FCC chair, Democrats call on Congress to reverse planned spectrum sale
The chair of the Federal Communications Commission (FCC) on Monday joined several Democratic senators in urging the cancellation of an auction of wireless spectrum used by U.S. law enforcement agencies because of the costs and difficulty of moving them…
Cyber Monday sales poised to top $9.4 billion
Cyber Monday sales were on course to bring in a record $9.4 billion, according to early estimates, building on a bumper Black Friday weekend for retailers driven by earlier-than-usual promotions and free shipping.
Italy set to grant funds to keep Alitalia afloat: source
Italy is set to free up funds for loss-making airline Alitalia on Monday as Rome struggles to find investors to keep it afloat, a political source told Reuters.
U.S. manufacturing contracts further, tempers economic growth hopes
U.S. factory activity contracted for a fourth straight month in November as new orders slumped back to around their lowest level since 2012, while construction spending fell in October, tempering optimism over the economy that had been fanned by a rece…
FAA chief to testify at Dec. 11 U.S. House hearing on grounded Boeing 737 MAX
The head of the Federal Aviation Administration (FAA) will testify on Dec. 11 before a U.S. House panel on the agency’s review of the grounded Boeing 737 MAX, which was involved in two fatal crashes in five months.
Roku tumbles 15% as Morgan Stanley warns of streaming ‘exuberance’
Roku Inc’s high-flying stock tumbled 15% on Monday after Morgan Stanley downgraded the video streaming company, warning that revenue and profit growth could slow next year.
U.S. oil output growth slows: just how much is anyone’s guess
U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge uncertainty as OPEC officials gather this week to weigh production curbs.
