Under pressure, Boeing CEO seeks to bolster confidence after 737 MAX crashes
Boeing Co Chief Executive Dennis Muilenburg sought to bolster shareholder confidence in the company on Monday in his first general meeting since two fatal crashes of the 737 MAX triggered the jet’s grounding, lawsuits and investigations.
Global stocks edge up as S&P 500 hits record, oil pares losses
Global shares edged higher on Monday as the S&P 500 touched an intraday record after a jump in U.S. consumer spending helped offset a weak euro zone sentiment survey and political uncertainty in the wake of Spain’s elections.
Oil steadies after Trump presses OPEC to offset Iran sanctions
Oil prices steadied on Monday, after a weeks-long rally was halted on Friday when the market tumbled after U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
The obscure advisory committees at the heart of the U.S. drug pricing debate
Expectations were high last year for three new migraine drugs hitting the market from Amgen Inc, Eli Lilly and Co and Teva Pharmaceutical Industries.
U.S. antitrust chief says has not made up mind on Sprint, T-Mobile merger
Makan Delrahim, the head of the U.S. Justice Department’s Antitrust Division, said on Monday that there had been no decision made on whether to approve the merger of Sprint and T-Mobile but that meetings on the matter continued.
Amazon speeds up shipping, but rivals’ stores buck its challenge
Amazon’s promise of one-day shipping threatens to upend the retail sector, but its rivals’ physical stores give the likes of Walmart and Target powerful assets that Amazon itself is scrambling to match.
Uber quizzed on growth at IPO roadshow in London
Uber Technologies Inc Chief Executive Dara Khosrowshahi sought to persuade money managers in London that the loss-making ride hailing firm’s growth plans justified a valuation of up to $91.5 billion in an initial public offering (IPO).
S&P 500 at record high; investors await fresh earnings
The S&P 500 and the Nasdaq hit record highs on Monday after data showed U.S. consumer spending surged in March, but gains in shares remained muted as investors waited for a fresh batch of earnings reports.
Exclusive: PepsiCo accused of coercing farmers by group close to India’s ruling party
An influential Hindu nationalist group with close ties to Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP) has accused PepsiCo Inc of coercing four Indian farmers who have been sued by the U.S. company for allegedly infringing a paten…
Spotify hits 100 million subscribers, reports revenue jump
Spotify Technology SA, the world’s leading streaming platform, said on Monday it had hit 100 million paid subscribers as it reported a better-than-expected rise in first-quarter revenue.
