Goldman selects Mazars to audit European operations
Goldman Sachs said on Monday it has appointed Mazars to audit its European operations in a major coup for the Paris headquartered accounting firm.
Chairman of U.S. telecoms regulator backs T-Mobile, Sprint merger
Sprint Corp and T-Mobile US Inc has won the support of the chairman of the U.S. telecommunications regulator but will require a series of changes to their proposed $26 billion merger, including selling Sprint’s Boost Mobile cell service.
Ford Motor Co cutting about 10% of global salaried workforce
Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.
Tech stocks drag Wall Street lower at open
The Nasdaq Composite index fell more than 1% at the open on Monday, weighed down by fears about the impact on major technology companies from the United States’ crackdown on China’s Huawei Technologies.
Exclusive: Western buyers freeze payments for contaminated oil in extended Russian outage
Total and Eni have stopped payments for the contaminated oil sold to them by Russian firms and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what the sources say is Russia’s worst oil supply disruption….
Chips are down: Huawei U.S. blacklisting knocks semiconductor stocks
U.S. and European chipmakers fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown.
Lumentum says halting all Huawei shipments, cuts quarterly forecast
Mobile phone parts producer Lumentum Holdings Inc on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies, following export restrictions put in place by the United States Department of Commerce.
FCC, Sprint, T-Mobile to announce agreement on deal: source
Sprint Corp and T-Mobile US Inc on Monday will announce a series of changes to their $26 billion deal, while U.S. regulators are expected to announce agreement on the conditions necessary to approve the merger, sources said.
Stock futures drop on concerns over spiraling fallout of Huawei crackdown
U.S. stock index futures fell on Monday, as fears over the impact on major technology companies from Washington’s crackdown on China’s Huawei Technologies added to concerns over worsening trade dispute between the world’s two biggest economies.
Coca-Cola ends plan to refranchise Africa bottling unit, keeps majority stake
Coca-Cola Co said on Monday it had dropped plans to refranchise its Africa bottling business, Coca-Cola Beverages Africa (CCBA), and would instead keep its majority stake in the unit for the time being.
