General Dynamics warns Canada: Canceling Saudi deal would cost billions
General Dynamics Corp on Monday put pressure on Ottawa over the sale of armored vehicles to Saudi Arabia, warning that the federal government would incur “billions of dollars of liability” by unilaterally scrapping the deal.
Oracle quarterly results beat on strength in cloud business
Business software maker Oracle Corp beat Wall Street estimates for quarterly results on Monday, as it added more clients to its cloud services and license support business, sending its shares up nearly 4 percent in extended trading.
Global stocks drop, where is ‘Santa Claus rally’?
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
Wall St. tumbles, S&P closes at lowest level in 14 months
Wall Street’s three major indexes each slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve later this week on the course of interest rate hikes.
Oracle quarterly profit rises 5 percent
Business software maker Oracle Corp reported a 5.4 percent rise in quarterly profit on Monday, driven by growth in its cloud services and license support business.
Goldman Sachs fires back after Malaysia charges bank in 1MDB probe
Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the investment bank.
U.S. healthcare stocks drop after judge rules Obamacare unconstitutional
Shares of U.S. health insurers, hospitals and healthcare companies fell on Monday in the aftermath of a ruling by a federal judge in Texas that the Affordable Care Act (ACA), commonly called Obamacare, was unconstitutional.
General Dynamics warns Canada of huge liability if it cancels Saudi deal
The Canadian arm of General Dynamics Corp warned Ottawa on Monday the federal government would incur “billions of dollars of liability” by unilaterally scrapping an agreement to sell armored vehicles to Saudi Arabia.
Wall St. sinks as DoubleLine’s Gundlach says stocks are in bear market
Wall Street’s major indexes each slid more than 1 percent on Monday on concerns about slowing growth and as DoubleLine Capital’s Jeffrey Gundlach suggested that U.S. stocks are in a bear market.
Goldman fires back after Malaysia charges bank in 1MDB probe
Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the bank.
