Stocks dip as trade fears offset earnings; sterling slumps, dollar gains
World stock markets broadly edged lower on Monday as concerns of a further escalation of a trade fight between the United States and China offset corporate results, while the U.S. dollar gained and Treasury yields dipped on the uncertainty.
Arista to pay $400 million to Cisco to resolve court fight
Arista Networks Inc will pay $400 million to Cisco Systems Inc to resolve a U.S. court fight between the two network equipment makers, Arista said in a regulatory filing on Monday, the day a jury trial in the dispute was scheduled to begin.
Oil up after OPEC sources say Saudi crude output fell
Oil futures rose 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.
Wynn Resorts settles with Elaine Wynn, names industry veteran vice-chairman
Casino operator Wynn Resorts on Monday named industry veteran Phil Satre its vice-chairman, in a symbolic victory for largest shareholder Elaine Wynn, who has been pushing for changes at the company’s board.
Goldman Sachs names Jim Esposito co-head of trading division
Goldman Sachs on Monday named Jim Esposito global co-head of the Wall Street bank’s trading division, according to an internal memo seen by Reuters.
Exclusive: Russia’s Gazprom suspends external borrowing amid spat with Naftogaz – sources
Russia’s Gazprom suspended its external borrowing program earlier this year because of a deepening legal dispute with Ukraine’s Naftogaz over gas supplies, three banking sources told Reuters.
Facebook asks U.S. banks for financial info to boost user engagement: WSJ
Facebook Inc has asked large U.S. banks to share detailed financial information about their customers, as part of an effort to offer new services to users, The Wall Street Journal reported on Monday, citing people familiar with the matter.
Wall Street flat on trade worries, mixed results
U.S. stock indexes were little changed on Monday as investors weighed an escalating trade dispute between the United States and China, and a mixed bag of corporate results.
Wynn Resorts settles with Elaine Wynn, names Phil Satre vice-chairman
Wynn Resorts Ltd on Monday named Phil Satre vice chairman as part of a settlement reached with the casino operator’s co-founder and largest shareholder, Elaine Wynn, who had been pushing to reorganize the board.
Oil gains after surprise drop in Saudi crude output
Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
