Oil hits five-month high as Libyan output threatened
Oil prices rose to a five-month high on Monday, driven by expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.
London judge discharges jury in landmark Barclays Qatar case
A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008.
Fiat Chrysler to pay $110 million to settle U.S. investor suit
Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show.
Boeing woes, earnings anxiety push Wall Street lower
U.S. stocks pulled back on Monday after the S&P 500’s seven-day winning streak, as Boeing shares fell and investors braced for what could be the first decline in corporate earnings since 2016.
Southwest extends Boeing 737 MAX pull out by a week
Southwest Airlines Co said on Monday it was pulling out all Boeing Co’s 737 MAX jets from its flight schedules https://swa.is/2FRH8Ow through June 7, extending its earlier timeline by a week.
Debenhams rejects Ashley’s offers to fund rescue in return for CEO job
Sports Direct said on Monday Debenhams rejected its offer to underwrite a 150 million pound rights issue in exchange for a CEO role for Mike Ashley and a pledge by lenders to write off 148 million pounds of debt.
Goldman Sachs’ investment bank consumer, retail group head to step down
Goldman Sachs Group Inc’s global head of the investment bank’s consumer and retail group, Rob Sweeney, will step down at the end of April, according to an internal memo seen by Reuters.
Exclusive: Loeb’s Third Point building stake to pressure Sony – sources
Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Mo…
Oil hits five-month high on OPEC cuts, U.S. sanctions and Libya fighting
Oil prices rose to their highest since November on Monday, driven by OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya as well as strong U.S. jobs data.
GE shares fall as J.P. Morgan analyst downgrades, lowers PT further
Shares of General Electric Co fell about 6 percent on Monday after J.P. Morgan’s Stephen Tusa, a top-rated analyst on the stock, downgraded and further cut his target price to a Street-low of $5.
