Vale stock plunges after Brazil disaster; $19 billion in market value lost
Brazilian miner Vale SA’s shares plunged on Monday, wiping out 71.34 billion reais ($18.96 billion) in market value, after a tailing dam collapse on Friday killed scores of people at one of its mines, less than four years after a similar disaster.
Whirlpool says costs, strong dollar to hit 2019 profit, shares fall
U.S. home appliances maker Whirlpool Corp said on Monday its 2019 adjusted profit and revenue are likely to rise less than analysts’ expectations due to a higher tax bill, costs and a strong dollar, sending its shares down 6.5 percent after the bell.
AT&T to cut jobs in weaker business units
AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday.
Intel to invest $11 billion on new Israeli chip plant: Israel finance minister
Intel Corp will invest 40 billion shekels ($10.9 billion) on a new chip-making factory in Israel, the Israeli finance minister said on Monday, the latest multi-billion dollar investment in the country by the U.S. semiconductor giant.
House panels to hold joint hearing on Sprint, T-Mobile merger
Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp’s proposed $26 billion merger and its potential impact on consumers.
U.S. FTC approves Staples’ acquisition of Essendant with conditions
The U.S. Federal Trade Commission said on Monday it had approved with conditions the proposed $482.7 million merger of office supply distributors Staples Inc and Essendant Inc.
Citi sees stronger China wealthy client base in 2019 despite economy slowing
Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank’s country chief said, despite the world’s second-largest economy slowing and feeling the pain of a trade war.
Citi sees stronger China wealthy client base in 2019 despite economy slowing
Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank’s country chief said, despite the world’s second-largest economy slowing and feeling the pain of a trade war.
U.S. House panels to hold joint hearing on Sprint, T-Mobile merger
Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp’s proposed $26 billion merger and its potential impact on consumers.
Snap names Lara Sweet as interim CFO
Snap Inc on Monday named its Chief Accounting Officer Lara Sweet as interim chief financial officer and said it has begun a search for a permanent CFO.
