‘Unfit’ Uber loses London license over safety failures
Uber was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years, pending an appeal, over a “pattern of failures” on safety and security.
MSCI arms all investors with ESG ratings of 2,800 top firms
MSCI published the environmental, social and governance (ESG) ratings of more than 2,800 companies on Monday, giving all asset managers more detail to make their investment decisions.
Just Eat urges shareholders to shun Prosus and stick with Takeaway deal
Britain’s Just Eat urged shareholders on Monday to shun a $6.3 billion cash offer from Prosus , saying a currently lower valued deal with Takeaway.com was a better bet as it would create the largest food delivery firm outside China.
Wall Street set for higher open as trade deal hopes build
Wall Street’s main indexes were set to open higher on Monday as expectations of a U.S.-China trade truce were strengthened by a report that the two sides were nearing an agreement, while a raft of blockbuster deals also buoyed sentiment.
Saudi Aramco meets ADIA, Abu Dhabi funds in IPO pitch: sources
Saudi Aramco’s executives met officials of Abu Dhabi Investment Authority (ADIA) on Monday to discuss a potential investment in the oil giant’s share sale that could raise as much as $25.6 billion, three sources familiar with the talks said.
Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal
Charles Schwab Corp agreed on Monday to buy TD Ameritrade Holding Corp in an all-stock deal valued at $26 billion, creating a brokerage giant in a market that has been ravaged by price wars.
Black Friday darker for some retail stocks than others
The U.S. holiday shopping period kicking off on Friday may heighten Wall Street’s perception of a growing divide between retailers adapting to online sales and those unable to shake their reliance on dwindling shopping mall traffic.
Blackstone to invest $400 million in gene therapy venture with Ferring
Blackstone Group Inc said on Monday it will invest $400 million in a joint venture with Swiss drug company Ferring that is working on an experimental gene therapy for bladder cancer, the private equity giant’s largest ever bet on drug development.
U.S.-based chip-tech group moving to Switzerland over trade curb fears
A U.S.-based foundation overseeing promising semiconductor technology developed with Pentagon support will soon move to Switzerland after several of the group’s foreign members raised concerns about potential U.S. trade curbs.
General Electric grabs finance chief from shipping group Maersk
A.P. Moller-Maersk’s finance chief Carolina Dybeck Happe will leave the shipping group to take up a similar position at General Electric early next year, the companies said on Monday.
