Wall Street treads water as Citi results pressure bank shares
Wall Street’s three main indexes flitted between slight gains and losses on Monday, as declines in Boeing and bank stocks after Citigroup’s quarterly report were countered by a rise in technology shares.
UAW head wants union to share in profits of U.S. automakers
The head of the labor union representing most hourly workers at the U.S. automakers struck an adversarial tone on Monday, vowing in likely contentious talks for new four-year deals that they want to share in the companies’ profits.
Chinese data supports stocks as U.S. earnings season picks up
A gauge of global stocks advanced on Monday as economic data from China came in as expected, although stocks on Wall Street were little changed as financials showed some weakness in the wake of Citigroup’s earnings report.
Facebook official says regulatory concerns to be addressed before Libra launch
Facebook Inc’s top official overseeing the launch of its Libra cryptocurrency plans to tell U.S. lawmakers the company will not launch the digital currency until regulatory concerns and approvals are fully addressed.
Back to beers for AB InBev after failed Asian float
AB InBev’s canceled Asian stock market listing will slow but not derail the world’s largest brewer’s efforts to cut its debt mountain, delaying future acquisitions and prioritizing its main challenge – selling more beers.
Oklahoma seeks to hold J&J responsible for opioid crisis as trial ends
Lawyers for the state of Oklahoma on Monday urged a judge to hold Johnson & Johnson responsible for fueling the U.S. opioid epidemic, as the first trial nationally in litigation over the drug crisis came to an end.
Wall Street flat as Citi results weigh on bank shares
Wall Street’s three main indexes eased from their record highs on Monday as bank stocks turned lower after the third largest U.S. lender, Citigroup, reported a squeeze in interest margins.
In makeover mode, Burberry bets on new branding to boost sales
It has a hotshot new designer known for dressing Beyonce and is experimenting with monthly product launches on social media.
Goldman banker highlights Morgan Stanley’s Hong Kong IPO woes
A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC’s $9.8 billion initial public offering, according to an internal email see…
Symantec, Broadcom cease deal negotiations: CNBC
Cybersecurity company Symantec Corp and chipmaker Broadcom Inc have ceased deal negotiations, CNBC reported on Monday, citing sources.
