American Airlines wins permanent court block against alleged disruption by mechanics
A U.S. federal court on Monday issued a permanent injunction against American Airlines Group Inc’s mechanics union, which the airline had accused of illegal slowdowns it said had devastated its operations during the peak summer travel season.
Yum Brands promotes COO David Gibbs to top job
Yum Brands Inc on Monday named company veteran David Gibbs as its chief executive officer, succeeding Greg Creed, who will be retiring at the end of the year.
Wall Street falls on geopolitical tensions, recession fears
U.S. stocks dropped in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of impending recession.
Verizon to sell Tumblr to WordPress owner
Verizon Communications Inc said on Monday it would sell its blogging website Tumblr to Automattic Inc, the owner of popular online-publishing tool WordPress.com.
U.S. senators ask Amazon CEO if ‘Amazon’s Choice’ deceives consumers
Two U.S. senators asked Amazon.com Inc Chief Executive Jeff Bezos on Monday how the “Amazon’s Choice” badge on certain products is determined and whether the mark deceives consumers into purchasing “products of inferior quality.”
Occidental finance chief pledges to act quickly to pare acquisition debt
Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday.
Barrick doesn’t have ‘for-sale’ sign on Tongon, Massawa, but open to options: CEO
Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.
Morgan Stanley analysts say Fed to cut U.S. rates in September
Morgan Stanley analysts said on Monday that they now expect the U.S. Federal Reserve to cut rates in September and then again in October.
Wall Street slides on geopolitical, recession fears
U.S. stocks dipped in a broad sell-off on Monday as rising geopolitical tensions spooked investors away from equities and the extended U.S.-China trade war stoked fears of impending global recession.
Colombia fines Uber more than $629,000 for obstructing regulatory visit
Colombia’s commerce regulator said on Monday it would fine ride-hailing company Uber Technologies Inc more than $629,000 for obstructing a regulatory visit in 2017.
