Wall Street rises on trade optimism; Boeing slides
Wall Street kicked off the week on an upbeat note on Monday after the United States and China showed some signs of progress in resolving their trade war, but a fall in Boeing’s shares pressured the blue-chip Dow index.
Drug companies reach $260 million settlement, averting first federal opioid trial
Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland.
India’s Infosys U.S. listed shares plunge after whistleblower complaints
U.S.-listed shares of Infosys Ltd fell nearly 16% in premarket trading on Monday after the Indian software services exporter said it had received whistleblower complaints alleging “unethical practices” by the company’s executives.
Italy’s biggest bank wants to become less Italian
The chief executive of UniCredit has a plan to revive his company’s ailing share price – make it less Italian.
Halliburton revenue drops more than expected as shale demand slows
Halliburton Co reported a bigger-than-expected 10% drop in quarterly revenue on Monday, as the oilfield services provider battled lower demand from shale oil producers in North America, its biggest market.
Wall Street eyes higher open on trade optimism; Boeing weighs
Wall Street looked set to start the week on an upbeat note on Monday on fresh signs of progress in a long-awaited resolution to the U.S.-China trade war, but a fall in Boeing’s shares capped early gains.
Bank of America expands zero-commission stock trading
Bank Of America said on Monday it would expand its zero-dollar online trading to all customers of its Preferred Rewards program and cut commissions for others, following similar moves by several online brokers.
Drug companies reach settlement as opioid trial set to begin
Four drug companies reached a last-minute legal settlement over their role in the opioid addiction epidemic, a source said on Monday, just as a nine-week trial was scheduled to start in Cleveland.
Teva, three U.S. drug distributors reach opioid settlement – source
Drug maker Teva Pharmaceutical Industries Inc and the three biggest U.S. drug distributors reached a settlement on Monday to avoid a trial over their role in the opioid addiction crisis, a source said on Monday.
Boeing may face billions more in losses as MAX crisis deepens – analysts
Boeing Co may have to book billions of dollars in additional charges related to its parked 737 MAX jets, brokerages said on Monday, citing fresh uncertainty over the time frame for lifting a safety ban imposed after deadly crashes.
