U.S. considers dropping some tariffs on China: FT
Trump administration officials are debating whether to remove some existing tariffs on Chinese goods as a concession to seal a partial deal, the Financial Times reported on Monday.
Uber’s quarterly loss widens as costs rise; shares fall sharply
Uber Technologies Inc on Monday posted a wider third-quarter loss as costs soared at the ride-hailing company, sending shares down 4.4% in after-hours trading.
U.S. House Democrats to continue probe after Boeing testimony
The chairman of the U.S. House Transportation and Infrastructure Committee and the head of its aviation subcommittee said on Monday that it will continue its investigation into two fatal 737 MAX crashes after Boeing’s testimony prompted new questions.
SoftBank to tighten governance at start-ups after WeWork debacle: FT
SoftBank Group Corp is expected to outline tougher governance standards and restrictions on dual-class share structures on Wednesday after WeWork pulled its IPO, the Financial Times reported on Monday, citing people briefed on the plan.
SAP to return 1.5 billion euros to shareholders in 2020
German business software group SAP said on Monday it would return an extra 1.5 billion euros ($1.7 billion) to shareholders in 2020, with the enhanced payout made possible by its strong financial and operational performance.
Stocks gain on trade hopes, risk appetite lifts dollar
The dollar strengthened and global stock markets rallied on Monday on signs the United States and China are nearing the end of a damaging trade war as well as indications the world economy may dodge a recession.
Indexes hit closing records amid further trade deal optimism
All three major U.S. stock indexes posted record closing highs on Monday, extending a recent run of gains on further hopes of a U.S.-China trade deal.
U.S. House Democrats say Boeing CEO testimony prompts new questions
The chairman of the U.S. House Transportation and Infrastructure Committee and the head of its aviation subcommittee said on Monday that Boeing’s testimony on two fatal 737 MAX crashes prompted new questions.
Caterpillar lays off 120 workers as trade war hits sales
Caterpillar Inc has laid off 120 temporary workers at a plant in Texas following its decision to cut production in the wake of a fall in sales due to U.S. President Donald Trump’s trade war with China.
Comcast launches tools to improve ad targeting on TV
Comcast Corp on Monday launched new advertising capabilities to help advertisers find and target certain television viewers, as the largest U.S. cable TV provider tries to lure ad dollars away from digital rivals.
