Exclusive: Deutsche Telekom to win EU nod for Dutch Tele2 deal, shares jump
Deutsche Telekom will win unconditional EU antitrust approval to buy Tele2’s Dutch business, sources familiar with the matter said on Monday, sending telecoms shares higher on hopes of more flexible regulation on consolidation.
World stocks, euro rise on politics and retail signals
U.S. stocks rose on Monday, fueled by gains in retailer shares during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework the spending plans that have fueled tensions with the European Union.
Oil breaks above $60, but doubts about growth curb gains
Oil prices rose about three percent on Monday, clawing back some of the previous session’s steep losses, although uncertainty over global economic growth and further signs of increasing supply put a cap on gains.
U.S. top court leans toward allowing Apple App Store antitrust suit
U.S. Supreme Court justices on Monday appeared open to letting a lawsuit proceed against Apple Inc that accused it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to overpay.
Cyber Monday set to become biggest U.S. online shopping day
Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, but will also test the limits of retailers’ e-commerce operations as millions of shoppers scour for steep discounts on everything from Lego sets to big-screen TVs.
GM to slash jobs and production, cancel some car models
General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a stagnant market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
Ontario premier says too late to stop GM closure
The Canadian province of Ontario, keen to avert the closure of General Motor’s Oshawa plant, was told by the automaker that there was nothing it could do to prevent it, premier Doug Ford said on Monday.
Fiat Chrysler aims to boost margins, keep jobs with European production plan
Fiat Chrysler (FCA) is expected to commit to producing a raft of new models in Italy, including Jeeps and an Alfa Romeo SUV, union sources said, as the carmaker strives to fill underutilized plants and lift profit margins in Europe.
Esprit to cut jobs, products as part of turnaround plan
Esprit Holdings Ltd will cut about 40 percent of its non-store jobs and reduce the number of products its sells in stores as the fashion group restructures in the wake of tough competition from online and fast-fashion retailers.
Wall Street rises on gains in retailers as Cyber Monday begins
U.S. stocks gained on Monday, helped by shares of retailers on expectations of blockbuster sales on the largest online shopping day of the year, and as technology shares rose after taking a beating last week.
