Hasbro results beat as toymaker moves past Toys ‘R’ Us collapse
Toymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year’s Toys ‘R’ Us bankruptcy, sending its shares up nearly 12 percent.
Fiat Chrysler loses another executive after Marchionne illness
New Fiat Chrysler boss Mike Manley was handed extra responsibilities for the carmaker’s European business on Monday when a fellow executive quit after being passed over for the top job, adding to the challenges Manley faces.
Exxon expects more oil from Guyana’s offshore block
Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.
Bond yields rise worldwide on BoJ easing talk, stocks slip
Signs that the Bank of Japan (BoJ) might scale back support for the economy faster than expected sent tremors through debt markets on Monday, while stocks slipped as threats of further U.S. tariffs on China drained risk appetite.
Stock futures flat as caution reigns in earnings-heavy week
U.S. stock index futures were flat on Monday as investors assessed the impact of an escalating trade conflict between the United States and China on corporate results in an earnings-heavy week.
Blackstone wins EU approval to buy Thomson Reuters unit
U.S. private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ Financial and Risk unit, the European Commission said on Monday.
Facebook to double office presence in London
Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square meters) of office space across two buildings in King’s Cross – enough for more than 6,000 workstations.
Tesla shares drop after report on supplier talks
Shares of Tesla Inc fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.
Halliburton revenue beats on higher North America rig count
Oilfield services provider Halliburton Co’s quarterly revenue rose 24 percent to beat analysts’ estimates on Monday as higher oil prices encouraged U.S. oil and gas producers to put more rigs to work.
Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles.
