Brazilian police refer ex-BRF executives to prosecutors in food probe
Brazilian police have referred two former executives of food processor BRF SA to federal prosecutors in an investigation into food safety that disrupted meat production in 2017, documents seen by Reuters showed on Monday.
Airbnb bill may limit short-term rentals in U.S. capital
Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter.
West-Saudi tensions lift safe havens; world stocks slip
Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over the pace of global economic growth, with investors flocking to traditional safe-havens like the Japanese and Swiss currencies, as we…
Defensive stocks help S&P, Dow eke out gains, offset tech pressure
A drop in technology stocks on Monday kept pressure on Wall Street and led the Nasdaq lower, but the S&P 500 and Dow Jones Industrial Average eked out slim gains as defensive sectors rose, while traders also pointed to technical support.
Dassault will raise production rates on certain models: CEO
French planemaker Dassault Aviation will nudge up production rates on certain business jet models, including its Falcoln 8x and 2000 jets, Chief Executive Eric Trappier said on Monday, a sign of broader industry demand for corporate aircraft.
Linde says FTC’s Commissioners looking into merger
Industrial gases maker Linde said on Monday it had completed work with the staff of the U.S. Federal Trade Commission (FTC) on remedies to secure approval for the proposed merger with Praxair and that the package had been submitted to the FTC’s Commi…
Many U.S. mall owners say good riddance to Sears
The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer’s demise to renovate the sites and boost rent, although redevelopment costs may strain some plans.
Bank of America’s lagging loan growth overshadows profit gains
Bank of America Corp’s loan growth lagged rivals and fees from advising on deals and underwriting bonds fell in the third quarter, sending its share price 1.7 lower even as profit beat expectations.
Burberry joins luxury sector’s race to refresh products monthly
Britain’s Burberry said on Monday it would start releasing limited edition clothes and products every month, joining a growing number of rivals in the luxury sector trying to churn out collections more frequently to keep clients hooked.
Wall St. drops as Apple leads tech lower, Saudi tensions flare up
U.S. stocks fell on Monday, coming off their worst five-day drop in seven months last week, as Apple led technology stocks lower and tensions between Western powers and Saudi Arabia added to already frayed investor nerves ahead of earnings.
