Wall Street treads water, eyes on U.S.-China trade talks
Wall Street struggled for direction on Monday, with investors taking a pause as the United States and China began their latest trade negotiations and U.S. lawmakers tried to reach a deal on border funding.
CalSTRS backs new activist hedge fund Impactive with $250 million
The California State Teachers’ Retirement System (CalSTRS), the second largest U.S. pension fund said on Monday it made a $250 million investment with Impactive Capital, a new activist hedge fund that expects to start trading next month.
T. Rowe Price nearly halves stake in Tesla to 5.2 percent: filing
Tesla Inc shareholder T. Rowe Price Group Inc had a 5.2 percent stake in the electric car maker as of end-December, roughly half its earlier stake, a regulatory filing https://www.sec.gov/Archives/edgar/data/80255/000008025519001855/tsla13gadec18.htm s…
World stocks edge higher ahead of trade talks, Brexit
Stock markets globally inched higher on Monday after China struck an upbeat tone as trade talks between the United States and Beijing resumed, though worries remained over the fate of Brexit.
Apple iPhone sales in China fell by a fifth in fourth quarter: IDC
Apple Inc iPhone sales in China fell 20 percent year-on-year in the fourth quarter of 2018, while sales for smartphones made by home-grown rival Huawei soared by 23 percent, data from industry research firm IDC showed on Monday.
Wall Street gains as U.S.-China trade talks resume
U.S. stocks rose on Monday, led by industrial companies, as the United States and China began their latest round of trade talks to hammer out a deal before the looming March deadline.
Driverless delivery startup Nuro gets $940 million SoftBank investment
Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.7 billion.
Five PG&E directors to remain in revamped board
PG&E Corp expects only five of its current 10-strong board to stand for reelection at an annual shareholder meeting in May, as it restructures after filing for bankruptcy last month because of potential liabilities from California wildfires.
Altria to tap European bond market to help fund Juul stake buy
Altria Group will tap the European investment grade corporate bond market to help finance its $12.8 billion purchase of a stake in e-cigarette maker Juul Labs Inc, the Marlboro maker said in a regulatory filing https://bit.ly/2thLVTO on Monday.
Swiss say Bombardier trains still fall short of expectations
Swiss Federal Railways (SBB) said on Monday that new Bombardier trains have yet to live up to expectations and that both companies were working to correct issues, including improving software and fixing problematic doors.
