Hasbro results dented by lingering Toys ‘R’ Us woes, shares drop
Toymaker Hasbro Inc missed analysts’ expectations for quarterly revenue and profit on Monday, as the demise of major retail partner Toys ‘R’ Us hurt sales in Europe and the United States, sending its shares down as much as 8 percent.
Exclusive: Aston Martin considers flying in components, changing ports to handle Brexit
Aston Martin is considering flying in car components and moving more parts through UK ports other than Dover to avoid possible border friction after Britain leaves the European Union, its boss told Reuters.
Wall Street drops as China support fades, earnings disappoint
The S&P 500 and Dow Jones Industrial Average traded slightly lower on Monday, as early gains tracking a rally in China market faded with oil and financial stocks pushing the indexes lower.
Exclusive: Aston Martin considers flying in components, changing ports to handle Brexit delays
British carmaker Aston Martin is considering flying in components and moving more parts through ports other than Dover if there is any border friction after Britain leaves the EU, its boss told Reuters.
U.S. antitrust nod moves Linde-Praxair deal over finish line
Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger, clearing the last hurdle for the deal in the nick of time.
Belgium chooses Lockheed’s F-35 over Eurofighter: Belga
Belgium has chosen Lockheed Martin’s F-35 stealth jets over the Eurofighter Typhoon to replace its aging F-16s, news agency Belga cited government sources as saying, in a move that would cement the U.S.-made war plane’s position in Europe.
Hasbro sees no impact from Sears bankruptcy
Hasbro Inc said on Monday the recent bankrupt retailer Sears Holding Corp will no impact on the toymaker as it accounted for less than 1 percent of the overall revenue last year.
Oil slips below $80 after Saudi pledges rapid output rise
Oil slipped below $80 a barrel on Monday as Saudi Arabia pledged to raise its crude production to a record, two weeks before U.S. sanctions potentially choke off Iranian crude supplies.
Netflix unveils $2 billion debt issue to fund new content
Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition.
Global banks curb China travel after UBS banker stopped from leaving
Global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said.
