U.S. factory orders fall; core capital goods unrevised
New orders for U.S.-made goods unexpectedly fell in November amid sharp declines in demand for machinery and electrical equipment, government data showed on Monday, suggesting a slowdown in manufacturing as 2018 ended.
Tech boosts S&P, Nasdaq; healthcare weighs on Dow
U.S. stocks edged higher on Monday boosted by technology shares ahead of Alphabet’s results after the bell, but declines in healthcare and energy stocks kept gains in check.
Exclusive: Food retailer Smart & Final explores sale – sources
Smart & Final Stores Inc , a U.S. food retailer controlled by private equity firm Ares Management Corp , is exploring options that include a sale of the company, according to people familiar with the matter.
U.S. dollar, yields firm; oil comes off two-month highs
The U.S. dollar gained for a third straight session against a basket of currencies and U.S. Treasury yields rose on Monday as investors sought to zero in on the path of interest rates, while oil prices pulled back from two-month highs.
Volkswagen’s Electrify America buys Tesla devices for EV charging stations
Volkswagen AG unit Electrify America said on Monday it will install Tesla Inc battery storage packs at more than 100 charging stations across the United States to keep costs down for drivers charging electric vehicles.
Papa John’s rejects investment offer by founder John Schnatter
Papa John’s International Inc’s founder John Schnatter said on Monday the pizza chain rejected an investment offer of up to $250 million from him.
Starboard buys $200 million stake in Papa John’s, shares jump 9 percent
Hedge fund Starboard Value LP has taken a $200 million stake in Papa John’s International Inc after the No. 3 U.S. pizza chain rejected a similar offer from the company’s founder, John Schnatter, according to the company and a regulatory filing.
Boosting profitability is biggest challenge for Deutsche Bank: S&P
Standard & Poor’s left its ratings on Deutsche Bank unchanged on Monday but said that raising its profitability is the biggest hurdle for Germany’s largest lender.
Wall Street flat as tech boost offset by lower oil prices
U.S. stocks treaded water on Monday as a tech boost was offset by declines in energy companies, as investors wait for Alphabet’s results after the bell following mixed earnings from other FAANG stocks.
UK offered Nissan Brexit assurances, 80 million pounds for car investment
Britain promised Nissan up to 80 million pounds ($104 million) of support and offered Brexit-related assurances to help secure a major investment from the Japanese carmaker in 2016, according to a well-guarded letter released on Monday.
