Global auto leaders urge Trump administration to end trade turmoil
Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry.
U.S. healthcare stocks seen maintaining momentum after strong 2018
One of the rare market bright spots last year, the U.S. healthcare sector remains a Wall Street darling despite a slow start to 2019.
Citigroup sees $2 billion more revenue from lending in 2019, shares rise
Citigroup Inc said it would earn $2 billion more in revenue from its lending activities this year than in 2018 as it reported better than expected fourth-quarter earnings, sending its shares more than 4 percent higher.
U.S. government shutdown holds up FAA approval of aircraft, routes
Federal Aviation Administration (FAA) approval of aircraft such as Boeing’s MAX and new routes like Southwest Airline Co’s Hawaii launch are on hold due to the U.S. government shutdown, delaying commercial operations.
Gannett gets hostile bid from hedge fund-backed MNG
Newspaper chain MNG Enterprises Inc , controlled by secretive hedge fund Alden Global Capital LLC, on Monday offered to buy Gannett Co Inc in a $1.36 billion deal to add the USA Today and scores of other newspapers to its stable of regional publicatio…
Newmont takes top gold producer spot with $10 billion Goldcorp buy
Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world’s biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal.
Weak China trade hits stocks, prompts risk-off trade
World stock indexes fell on Monday after a shock contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.
Tech stocks pull Wall Street lower after China data
Technology shares pulled Wall Street lower on Monday, after an unexpected drop in China’s exports in December reignited worries of a slowdown in global economic growth.
FCA reviewing Italy plan after new taxes for polluting cars
Fiat Chrysler Automobiles NV is reviewing its investment plan for Italy after the country approved taxes on the purchase of larger gasoline and diesel cars, Chief Executive Officer Mike Manley said on Monday.
Pernod Ricard to meet activist Elliott ahead of earnings update: sources
Pernod Ricard will meet activist hedge fund Elliott this month as the family-backed spirits firm faces pressure to improve its margins, sources familiar with the situation said.
