Former Fed chair Yellen says yield curve may signal need to cut rates, not a recession
Former U.S. Federal Reserve chair Janet Yellen said on Monday the U.S. Treasury yield curve may signal the need to cut interest rates at some point, but it does not signal a recession.
LVMH briefly sinks almost 9 percent; traders suspect ‘fat finger’
Shares in luxury goods group LVMH briefly fell almost 9 percent at the open on Monday before recovering in what traders said was likely a “fat finger” erroneous trade.
Inmarsat to go private in $3.4 billion buyout deal
A private equity-led consortium agreed to buy Inmarsat Plc for about $3.4 billion in cash after the British satellite operator last year rebuffed a slightly lower bid from U.S. rival EchoStar.
Boeing sets briefing on 737 MAX as Ethiopian carrier expresses confidence in planemaker
Boeing Co will brief more than 200 global airline pilots, technical leaders and regulators this week on software and training updates for its 737 MAX aircraft, as Ethiopian Airlines expressed confidence in the planemaker despite a recent crash.
Ethiopian Airlines CEO promises to find out why flight 302 crashed
Ethiopian Airlines will work with investigators in Ethiopia, the United States and elsewhere “to figure out what went wrong with flight 302”, the airline’s CEO Tewolde Gebremariam said on Monday.
Ethiopian Airlines has no immediate plans to attend Boeing’s U.S. meeting
Ethiopian Airlines won’t attend a meeting in the United States called by planemaker Boeing to tell aviation leaders about a planned update to software that is a focus of investigation in two deadly crashes, an airline spokesman told Reuters on Monday.
China tech firms, seeking passion and energy, promote younger staff
Chinese tech giants are in the hunt for young, energetic staff to take the place, in some cases, of veteran managers.
Private equity-led consortium to buy Inmarsat for $3.4 billion cash
A private equity-led consortium on Monday agreed to buy British satellite operator Inmarsat for about $3.4 billion in cash, six months after Inmarsat rebuffed a slightly lower cash and stock bid from U.S. satellite group EchoStar.
Sports Direct opposes any Debenhams plan that wipes out equity
British sportswear group Sports Direct said any restructuring option pursued by Debenhams that could result in no equity value for the department store group’s shareholders “is not a workable solution”.
Apple invites Hollywood to Silicon Valley in TV push
Apple Inc is expected to finally lift the curtain on Monday on a secretive, years-long effort to build a television and movie offering designed to compete with big media companies and boost digital services revenue as iPhone sales taper.
