Lufthansa will look at new Airbus A321XLR, but it’s no game-changer: CEO
Lufthansa will look at ordering Airbus’s new long-range A321XLR jets, Chief Executive Carsten Spohr said on Monday but added that he did not think the new model was a game changer.
Oil falls on demand concerns after gains on Mideast tensions
Oil prices fell on Monday on concerns about the possibility of weakening demand after large gains last week caused tensions between the United States and Iran.
Lufthansa eyes cost cuts to return Eurowings to profit
Lufthansa’s budget airline Eurowings will aim to cut costs by 15% over the next three years and focus on short-haul flights as part of a plan to return to profit by 2021, the German carrier said on Monday.
Bristol-Myers plans to divest Celgene’s psoriasis drug
Bristol-Myers Squibb Co on Monday offered to divest Celgene Corp’s psoriasis treatment Otezla to allay concerns raised by the U.S. competition regulator, and pushed back the closing of their $74 billion deal.
Wall St. opens higher on tech boost
U.S. stocks opened slightly higher on Monday, boosted by technology shares, while investors pinned their hopes on a meeting between Presidents Donald Trump and Xi Jinping later this week to de-escalate trade tensions.
JetBlue sues Walmart for trademark infringement over Jetblack service
JetBlue Airways Corp has sued Walmart Inc for trademark infringement, in an effort to stop the world’s largest retailer from using the name Jetblack for its text-based personal shopping service.
Oil up on U.S.-Iran tensions but demand concerns cap gains
Oil prices rose on Monday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept a lid on gains .
G20 nerves hit Europe stocks; dollar slips to three-month low
European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears of an escalation in Iran tensions flared up.
Futures edge higher with trade talks in focus
U.S. stock index futures edged higher on Monday, with investors hoping that the upcoming U.S.-China trade talks will help de-escalate a trade war that is damaging the global economy.
Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion
Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts.
