Marriott sees revenue weakness in third quarter, shares fall
Marriott International Inc on Monday signaled weakness in revenue per available room (revPAR) in North America, its largest market, for the third quarter, sending shares of the world’s largest hotel chain down about 4 percent.
S&P buybacks brisk in second-quarter, may set another record: S&P Dow Jones
S&P 500 companies engaged in a brisk pace of share buybacks in the second quarter, putting them on track to near or beat the first quarter’s record level, according to a S&P Dow Jones Indices analysis.
Global stocks lift on strong earnings as trade fight caps gains; sterling slumps
Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.
Wall Street closes higher as strong earnings cheer investors
The three major U.S. stock indexes closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services.
U.S. argues judge failed to take its arguments into account in AT&T trial
The U.S. government said on Monday the judge in the trial to stop AT&T Inc’s purchase of Time Warner failed to take into account how companies negotiate with each other and seek to maximize profits in considering the Justice Department’s arguments about how the deal would decrease competition.
Tyson Foods beats profit estimates on strong beef demand
Tyson Foods Inc beat analysts’ quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies.
Oil rises after OPEC sources say Saudi crude output fell
Oil futures gained on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran.
Sprint, T-Mobile in early stages of regulatory review, no decisions yet: source
U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US Inc’s plan to buy Sprint Corp for $26 billion, and have reached no conclusions on how many wireless carriers the country needs, a source familiar with the situation said on Mon…
Analysts stick with CBS as Moonves allegations probed
Wall Street is largely backing CBS Corp , with few analysts changing their ratings or price targets on the media company, even as it looks into allegations of sexual misconduct against Chief Executive Les Moonves.
Mexico and U.S. studying NAFTA rules of origin proposals – minister
Mexico’s economy minister Ildefonso Guajardo said on Monday the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules of origin, and in turn was studying the U.S. position.
