Fiat Chrysler has started 90% of planned investments in Italy: executive
Fiat Chrysler has already started 90% of the investments earmarked for Italy, the auto maker’s Chief Operating Officer for the EMEA region Pietro Gorlier said on Monday.
Trade optimism propels S&P 500, Nasdaq to record highs; Apple biggest boost
Apple Inc and semiconductor stocks powered the S&P 500 and Nasdaq indexes to record highs on Monday, after a report signaled that the United States and China were nearing a trade truce, with sentiment also buoyed by a raft of mega deals.
Aramco IPO retail subscription at $5.8 billion, says lead manager
Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 21.77 billion Saudi riyals ($5.8 billion) on Monday, lead manager Samba Capital said.
Eight electric pickup truck manufacturers to load up U.S. market by 2021
Tesla CEO Elon Musk and his spacy Cybertruck have ignited a frenzy over electric pickups, and at least seven other U.S. automakers expect to build new battery-powered trucks by 2021.
Texas settles with T-Mobile, Sprint over merger: statement
Texas’ attorney general has settled with T-Mobile Inc and Sprint Corp and will drop his opposition to the $26.5 billion merger, leaving just Democratic attorneys general fighting the proposed combination.
Factbox: M&As in vogue for luxury retailers seeking growth
Louis Vuitton owner LVMH snapped up U.S. jeweler Tiffany & Co on Monday for $16.2 billion in its largest buyout ever, adding America’s biggest luxury name to its stable of brands.
EBay to sell ticketing unit StubHub for $4.05 billion
EBay Inc will sell ticketing unit StubHub to ticket reseller Viagogo Ltd for $4.05 billion in cash, the companies said on Monday, nearly a year after the ecommerce major came under pressure from activist investors to hive off some of its businesses.
GE brings in shipper Maersk’s CFO as finance chief
General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate.
CBS and Viacom to close merger on Dec. 4
The all-stock merger of CBS Corp and Viacom Inc is expected to close on Dec. 4, the companies said on Monday.
Tesla shares rise as Musk says Cybertruck orders hit 200,000
Tesla Inc shares rose 4% on Monday after Chief Executive Officer Elon Musk tweeted over the weekend that the company had already received 200,000 orders for its futuristic Cybertruck pickup.
