TUI sticks with Boeing, sees 737 MAXs flying by mid-July
Anglo-German tour operator TUI said it has no intention of scaling back orders for Boeing’s 737 MAX planes after two fatal crashes, and expects them to be flying again by mid-July based on feedback from the U.S. planemaker and EU regulator.
Trade optimism helps Wall Street bounce on last day of quarter
Wall Street’s main indexes rose on Friday, with the S&P 500 set to post its best quarterly performance in nine and a half years, on renewed trade optimism as the latest round of U.S.-China talks ended on a positive note.
Proxy advisor ISS backs Bristol-Myers takeover of Celgene
Proxy advisory firm Institutional Shareholder Services on Friday said shareholders of Bristol-Myers Squibb Co should vote in favor of the drugmaker’s proposed $74 billion takeover of rival Celgene Corp., which has been opposed by one of its largest inv…
Daimler buys Torc Robotics stake for self-driving trucks
Daimler Trucks has agreed to buy a majority stake in self-driving truck software maker Torc Robotics as part of a broader push to develop autonomous vehicles.
Take Five: The shape of you – world market themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Mondelez in advanced talks for Campbell’s international business: Bloomberg
Oreo cookies maker Mondelez International Inc is in advanced talks to buy international brands of U.S. food company Campbell Soup Co, Bloomberg reported late on Thursday.
Trade optimism helps Wall Street open higher on last day of quarter
U.S. stocks opened higher on Friday, led by gains in technology stocks, as the latest round of U.S.-China trade negotiations ended on a positive note.
White House says progress made in trade talks with China
The White House said on Friday that the United States and China made progress toward a trade agreement during “constructive discussions” this week in Beijing.
Proxy advisor ISS backs Bristol takeover of Celgene
Proxy advisory firm Institutional Shareholder Services on Friday recommended shareholders of drugmaker Bristol-Myers Squibb Co shareholders vote in favor of its proposed $74 billion takeover of rival Celgene Corp.
Factbox: Airlines set out cost after Boeing plane grounded
Tour operator TUI warned its profit would fall by at least 200 million euros ($225 million) this year after the grounding of Boeing’s 737 MAX aircraft, further evidence of the financial impact of two fatal crashes involving the same type of plane.
