U.S. moving toward major antitrust probe of tech giants
The U.S. government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world’s largest …
Deluge of analyst reports on Uber expected after IPO quiet period
With the quiet period related to Uber Technologies disastrous IPO last month coming to an end, investors can expect a deluge of analyst research initiations on the ride-hailing service.
Bond yields ease again as flight to safety continues
A flight to safe-haven assets pushed U.S. Treasury yields to their lowest since September 2017 on Monday, while gold prices jumped more than 1%.
Apple dips on news of DoJ antitrust probe
Shares of Apple Inc were down nearly 3% in afternoon trading on Mon following a Reuters report that the U.S. Dept of Justice was given jurisdiction to include the iPhone maker as part of broader antitrust probe.
French demands challenge FCA-Renault deal push
Talks on Fiat Chrysler’s proposed merger with Renault became mired in politics on Monday, as France sought more concessions to maintain government influence over the new carmaker’s management and French assets, sources told Reuters.
Green demands force European brewers to raise their drinks game
European brewers expect they will need to tell more demanding drinkers as much about the environmental impact of a beer as its taste in the next decade as Europe enforces pollution laws.
FTC wins right for competition probe at Facebook: WSJ
The Federal Trade Commission (FTC) has secured the right to examine how Facebook Inc’s practices affect its digital competition, the Wall Street Journal reported on Monday.
American Airlines and Qantas win tentative U.S. approval for joint venture
American Airlines Group Inc and Qantas Airways Ltd have been given the U.S. government’s tentative approval to operate a joint venture after a prior effort was rejected in 2016.
Oil prices mixed on Saudi Arabia supply comments, trade fears
Oil futures were little changed on Monday as Saudi Arabia comments indicating OPEC would extend supply cuts supported prices, while concerns that U.S. tariffs on China and Mexico would hurt demand weakened crude market sentiment.
Exclusive: U.S. Justice Dept considering Apple probe – sources
The U.S. Justice Department has jurisdiction for a potential probe of Apple Inc as part of a broader review of whether technology giants are using their size to act in an anti-competitive manner, two sources told Reuters.
