Wall St. takes a pause in wait for Fed news, trade progress
U.S. stocks stepped back from peak levels on Monday as investors took a breather as they anticipated a U.S. Federal Reserve interest rate cut this week and looked for signs of progress from U.S.-China trade negotiations, currently under way in Shanghai…
J&J says FTC probing efforts to protect arthritis drug Remicade
The Federal Trade Commission issued civil subpoenas to Johnson and Johnson in June as part of an investigation into whether contracting practices for its blockbuster rheumatoid arthritis drug, Remicade, violated antitrust laws, the company said in a re…
Sterling slumps on ‘no-deal Brexit’ worries; stocks dip
The British pound touched its lowest level in over two years against the dollar after Prime Minister Boris Johnson said a hard divorce from the EU was in the cards, while stocks dipped globally with Wall Street backing off record highs.
Uber lays off 400 employees in marketing team
Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team.
Germany’s Bayer dealt new legal blow as more Brazil farmers challenge soy patent
Germany’s Bayer AG , which completed the takeover of U.S.-based Monsanto last year, has been dealt a legal blow in Brazil as more farmers joined a lawsuit challenging the protection of a key soy seed patent.
Citi combines its stock trading and prime brokerage business
Citigroup Inc is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors.
Exclusive: India’s SBI tightens lending terms for auto dealers – source, internal memo
State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.
Brexit worries knock sterling; stocks slip
The British pound touched its lowest against the dollar in over two years after Prime Minister Boris Johnson said a hard divorce from the EU was in the cards, while stocks dipped globally on Monday after last week hitting their highest in five months.
Activist investor Cat Rock calls Just Eat, Takeaway.com deal ‘excellent news’
Investment firm Cat Rock on Monday lauded Amsterdam-based Takeaway.com’s deal to buy Just Eat in an 8.2 billion pound ($10.05 billion) deal to create one of the world’s largest online food delivery firms.
Takeaway.com lands $10 billion Just Eat deal in food delivery race
Amsterdam-based Takeaway.com has agreed to buy Just Eat in an 8.2 billion pound ($10.1 billion) deal to create the world’s largest online food delivery firm outside China in a race to rule the $100 billion market.
