Ernst & Young CEO Weinberger to step down
Ernst & Young said on Monday that Mark Weinberger would step down on July 1, 2019 as global chairman and chief executive.
U.S. expects immediate action from China on trade commitments
The United States expects China to take immediate action to cut tariffs on U.S. car imports and end intellectual property theft and forced technology transfers as the two countries move toward a broader trade deal, a White House official said on Monday…
U.S. judge says may order halt to integration of CVS-Aetna
A federal judge who has been asked to sign off on the government’s decision to approve CVS Health Corp’s acquisition of insurer Aetna Inc indicated on Monday he may ask the companies to halt integration pending his decision.
Kudlow: China openness on Qualcomm a sign of cooperation to come
White House economic adviser Larry Kudlow said on Monday that President Donald Trump put the issue of U.S. chipmaker Qualcomm Inc’s now abandoned acquisition of Dutch peer NXP Semiconductors NV on the table for talks with Chinese President Xi Jinping.
Exclusive: Ace Hardware, Centerbridge eye Sears’ home services unit: sources
Retailer Ace Hardware Corp [ACEHW.UL] and investment firm Centerbridge Partners LP are together eyeing an offer for bankrupt Sears Holdings Corp’s home services division that would compete with an expected bid from Chairman Eddie Lampert, people famil…
U.S. to end subsidies for electric cars, renewables: White House
White House economic adviser Larry Kudlow said on Monday the United States will end subsidies for electric cars and other items including renewable energy sources.
Judge considering ordering halt to CVS/Aetna integration
A federal judge who has been asked to sign off on the government’s decision to approve CVS Health Corp’s acquisition of insurer Aetna Inc indicated on Monday that he may ask integration of the companies be halted pending his decision.
Wall Street rises as industrials, tech bounce on trade truce
Trade-sensitive industrial and technology stocks pushed Wall Street higher on Monday after the United States and China agreed on a temporary trade detente, hopes of which had driven the market last week to post its biggest gain in nearly seven years.
Amazon.com briefly Wall Street’s most valuable company
Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc .
White House adviser expects China’s tariffs on U.S. autos to fall to zero
White House Economic Adviser Larry Kudlow on Monday said that China could immediately slash its vehicle tariffs, as the country enters a 90-day truce in the current trade war with the United States to negotiate a trade deal, as he reiterated China’s pl…
