Cable group urges antitrust probe of Comcast and Trump tweets support
President Donald Trump tweeted his support on Monday for a call by a cable industry group to investigate alleged anti-competitive practices by Comcast Corp, the world’s biggest entertainment company.
Wall Street falls; Apple, Goldman Sachs shares under pressure
Wall Street’s major indexes fell on Monday, with the S&P 500 weighed by technology and financial stocks as shares of Apple Inc and Goldman Sachs Group Inc came under pressure.
U.S. crude weakens after Trump calls on OPEC to keep output
U.S. crude prices turned negative as U.S. President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand.
Apple shares drop on iPhone suppliers’ warnings
Apple Inc shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales.
U.S. crude turns negative, on track for eleventh day of losses
U.S. crude prices turned negative, reversing course as U.S. President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand.
Rabobank explores sale of U.S. retail, wealth operations: sources
Dutch cooperative lender Rabobank is exploring the sale of its retail and wealth management operations in the United States in a deal that could top $1 billion, people familiar with the matter said on Monday.
Takeda’s Shire takeover to bring $963 million fee bonanza
Banks, law firms and other advisers stand to earn up to $963 million in fees from Takeda Pharmaceutical’s $62 billion takeover of drugmaker Shire , according to documents for the deal published on Monday.
Dollar hits 16-month high; tech woes crunch stocks
The U.S. dollar surged on Monday to its highest point in 16 months against a basket of currencies and world stocks fell broadly amid concern about political risks in Europe, while U.S. and European technology shares were hammered.
General Electric seeks ‘urgent’ asset sales to cut debt: CEO
General Electric Co is pursuing assets sales with “urgency” to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry Culp said in a television interview on Monday, sending its shares down as m…
VW could build up to 50 million electric cars: Automotive News
Volkswagen could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News.
