World stocks sink on economic worries, U.S. yields fall
World stocks sold off sharply for a second straight session on Monday on persistent concerns over global economic growth, while benchmark 10-year U.S. Treasury yields held near more than one-year lows.
Wall Street falls on global economic slowdown fears
Wall Street’s main indexes fell on Monday, dragged down by declines in high-growth technology shares, as fears of a global slowdown roiled the market for the second straight session.
Apple working on games subscription service for gadgets: Bloomberg
Apple Inc, which later on Monday is expected to unveil a television and movie streaming service, is also working on a games subscription service for its App Store, Bloomberg reported on Monday, citing people with knowledge of the plans.
Hoping to assuage investors, Newmont offers special dividend if Goldcorp deal approved
Newmont Mining Corp will pay a special dividend of 88 cents in an effort to soothe unhappy shareholders if they approve its $10 billion takeover of Goldcorp Inc, the company said on Monday.
Bayer, J&J settle U.S. Xarelto litigation for $775 million
Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits over their blockbuster blood thinner Xarelto for a total of $775 million, court documents on Monday showed.
Uber looks to pick up Careem in $3 billion deal: sources
Uber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ, two sources familiar with the deal told Reuters, in a deal that will strengthen its operations in the Middle East.
Inmarsat convinced by $3.4 billion cash buyout deal
A private equity-led consortium agreed to buy Inmarsat Plc for about $3.4 billion in cash after the British satellite operator rebuffed a slightly lower bid from U.S. rival EchoStar last year.
Top U.S. court rebuffs challenge to Nike over Michael Jordan photo
The U.S. Supreme Court on Monday declined to consider reviving a copyright case in which Nike Inc was accused of unauthorized use of photographer Jacobus Rentmeester’s famous 1984 photograph of basketball superstar Michael Jordan soaring through the ai…
Autonomy founder Lynch inflated sales before HP deal, court told
British entrepreneur Mike Lynch artificially inflated revenue at his Autonomy software company before selling it to Hewlett Packard for $11 billion, the U.S. firm’s lawyer told a London court on Monday.
Positive German data tempers equity selloff, safe havens in demand
World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany.
