U.S. transportation chief asks new FAA head to review agency in wake of 737 MAX crashes
U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA) to assess the agency’s performance in the wake of two fatal crashes of Boeing Co’s 737 MAX planes since October.
Yen, gold gain on trade war angst; Argentine peso sinks
Investors piled into gold, safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina’s peso plunged 15% after voters handed its president an election mauling.
Oil steadies as Saudi, Kuwait signals offset demand fears
Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war.
Tyson to rebuild plant after fire, assures weekly pay for full-time workers
U.S. meat processor Tyson Foods Inc said on Monday it will rebuild a Kansas beef plant after a fire heavily damaged the facility last week and that full-time, active employees would be paid weekly until production resumes.
Oregon joins states’ lawsuit to block T-Mobile, Sprint merger
Oregon has joined a multistate lawsuit to block the merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp, the New York attorney general’s office, which is leading the lawsuit along with California, said on Monday.
Wall Street slips on political tensions, recession fears
Wall Street’s main indexes fell on Monday as protests in Hong Kong added to concerns on the pace of growth in China, already under pressure from the prolonged bout of U.S. trade tensions that have dominated financial markets this year.
CBS shareholders to get slight premium from Viacom deal: sources
CBS Corp and Viacom Inc are in the final stages of negotiating an all-stock merger that values Viacom at a discount to its closing price on Friday, two sources told Reuters.
Wall Street slips as trade war stokes fears of recession
U.S. stocks slipped on Monday, dragged down by financial shares, as investors fled riskier assets on fears that a drawn-out trade war between the United States and China could force the global economy into recession.
Jet Airways sale suffers setback as two potential investors back out
Creditors’ hopes of resurrecting India’s Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business.
Lloyd’s of London meets second-quarter electronic trading target
Lloyd’s of London met a second-quarter target to complete at least half of its insurance under-writing deals electronically, as part of efforts to modernize operations and save costs.
