Explainer: Big tech probes could break up firms, result in huge fines, or neither
The potential penalties for several wide-ranging investigations into whether Facebook, Google and other big U.S. tech companies used their market power unfairly include everything from breaking up the companies, to large fines and forcing them to creat…
Saudi Aramco pursues IPO with local listing plan as lines up banks: sources
By Hadeel Al Sayegh, Davide Barbuscia, Marwa Rashad and Clara Denina
Stimulus hopes buoy Wall Street, financials lead gains
Wall Street’s main indexes edged higher on Monday as investors bet on increased chances of monetary stimulus from central banks around the world to boost slowing growth.
Stimulus hopes lift stocks, pound hits six-week high
A gauge of global stocks advanced on Monday as investors banked on the likelihood of stimulus measures from the world’s central banks to reverse slowing growth, while the pound hit a six-week high in choppy trading on wavering hopes for Britain’s abili…
Saudi Arabia flags plan to enrich uranium as U.S. seeks nuclear pact
Saudi Arabia wants to enrich uranium for its nuclear power program, its energy minister said on Monday, potentially complicating talks with Washington on an atomic pact and the role of U.S. companies.
Stimulus hopes lift Wall Street, financial stocks lead gains
Wall Street’s main indexes edged higher on rising expectations of monetary stimulus from global central banks to boost growth, while a drop in technology and healthcare stocks kept a check on gains.
U.S. Treasury chief sees positive year for economy as China talks loom
U.S. Treasury Secretary Steven Mnuchin on Monday said he did not see the threat of a recession as the Trump administration seeks to revive trade negotiations with China, adding that he expected a positive year ahead for the U.S. economy.
Elliott questions AT&T’s Time Warner purchase, calls for asset sales
Activist investor Elliott Management Corp on Monday questioned AT&T Inc’s $85 billion takeover of Time Warner and called for the wireless carrier to sell non-core businesses to boost its stock price, driving its shares their highest in a year.
Trump calls activist shareholder moves on AT&T ‘great news’
U.S. President Donald Trump on Monday weighed in on activist investor Elliott Management Corp’s moves targeting AT&T Inc , calling the hedge fund’s actions “great news” and repeating his criticism of the wireless carrier’s CNN news division.
Elliott queries AT&T deal for Time Warner, calls for asset sales
AT&T Inc shareholder Elliott Management Corp on Monday questioned the wireless carrier’s $85 billion takeover of Time Warner and called for it to sell non-core businesses to boost its stock price, driving shares in the company up 10%.
