Colorado abandons legal effort to stop Sprint, T-Mobile merger
Colorado became on Monday the second state to drop out of an effort by state attorneys general led by New York and California to stop T-Mobile US Inc’s $26 billion merger with Sprint Corp.
Trump says trade deal with China is coming along great
President Donald Trump continued to speak optimistically about the possibility of a deal to end the U.S. trade war with China, telling reporters at the White House on Monday that the trade deal is coming along great.
Wall Street rises on trade hopes; Boeing keeps gains in check
Wall Street rose on Monday on signs of progress in resolving the prolonged U.S.-China trade war, while a second straight session of declines for Boeing pressured the blue-chip Dow index.
Stocks climb on hopes for progress in trade; sterling edges up
Shares on world stock indexes mostly rose on Monday, as hopes for resolving the U.S.-China trade war pushed investors toward riskier assets, while the pound was near a 5-1/2-month high.
Coty looks to offload brands including Wella, Clairol; shares rise
Coty Inc is exploring the sale of its business unit that houses hair and nail care brands such as Wella, Clairol and OPI as part of its plan to whittle down its portfolio and cut debt, sending its shares up nearly 14% on Monday.
Apple starts selling locally assembled iPhone XR in India
Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world’s second-largest smartphone market where it has struggled against cheaper products from rivals.
Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial
Four large drug companies reached a last-minute $260 million legal settlement on Monday over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.
Deutsche Bank plans job cuts of at least 10% in rates unit: Bloomberg
Deutsche Bank AG said it is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender’s sweeping revamp in July, Bloomberg reported on Monday.
Oil prices fall 1% as global demand concerns grow
Oil prices fell nearly 1% on Monday after comments from a U.S. official fed concerns surrounding the U.S.-China trade war, adding to worries that a slowing global economy would reduce demand for oil.
Halliburton vows more cost cuts as shale demand dwindles, shares rise
Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%.
