Ackman’s Pershing Square exited ADP and United Tech investments: source
William Ackman’s Pershing Square Capital Management has sold its positions in Automatic Data Processing Inc and United Technologies Corp and built a new position in a company whose name has not been disclosed, a source familiar with the matter said o…
Bosch sees sales stagnating in 2019: CEO in Sueddeutsche Zeitung
Automotive supplier Bosch expects sales to stagnate this year, its chief executive told a German newspaper, blaming the worsening outlook in the car industry that has also hurt the company’s rivals.
S&P 500 futures fall after U.S. Treasury calls China currency manipulator
S&P 500 futures dropped 1.2% late on Monday after the U.S. Treasury Department labeled China as a currency manipulator.
Two Democratic senators question Pentagon delay on cloud contract
Two Democratic senators asked U.S. Defense Secretary Mark Esper on Monday if “outside” influence caused him to delay awarding a $10 billion cloud computing contract, after President Donald Trump suggested Amazon.com Inc should not win it.
Big U.S. investors use summer sell-off to ramp up bets
The summer sell-off is finally here – and not all U.S. investors are rattled by it.
Ackman’s Pershing Square exited ADP and UTX investments: source
William Ackman’s Pershing Square Capital Management has sold its positions in Automatic Data Processing and United Technologies and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday….
Stock market slump raises fears of deeper pain
Sharper losses could be in store for Wall Street.
‘NBA 2K’, ‘Grand Theft Auto V’ help Take-Two surge past estimates
Videogame publisher Take-Two Interactive Software Inc raised its full-year revenue forecast on Monday, boosted by the success of its games “NBA 2K”, “Grand Theft Auto V” and “Red Dead Redemption 2”, sending its shares up 7% in extended trading.
Wall St. sinks as yuan slide inflames U.S.-China trade dispute
Wall Street slumped on Monday and futures pointed to more losses to come after a fall in China’s yuan currency and U.S. President Donald Trump’s vow to impose additional tariffs on Chinese goods sparked an escalation of the U.S.-China trade war.
New Media to buy Gannett for $1.4 billion, creating biggest U.S. newspaper publisher
Local media company New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, creating the biggest newspaper owner in the United States as publishers struggle with readers shifting to online sources for …
