BlackRock is evaluating cryptocurrencies, CEO Fink says
BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies such as bitcoin, but cautioned he does not see massive investor demand.
Airbus says Europe, UK should work together on future fighter
Britain and Europe should work together on a future combat air system, or risk further fragmenting the European defense market, Airbus defense chief Dirk Hoke said on Monday, after Britain pushed forward with its own new fighter jet program.
Qatar Airways adapting to blockade, may not post a loss in current year
The chief executive of Qatar Airways said the airline was adapting to a regional blockade that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.
Oil prices sink, keeping stocks in check; banks gain
Oil prices dropped 3 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank.
Britain’s M&S to cut 351 store jobs
British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market.
Bank of America profit beats on consumer loan growth, lower expenses
Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
Moment of truth for Google as record EU antitrust fine looms
Google is set to face a record-busting EU antitrust fine this week over its Android mobile operating system but rivals hoping that an order to halt unfair business practices will help them may be disappointed.
Air France-KLM creates single joint venture with Chinese partners
Air France, KLM , China Southern Airlines and Xiamen Airlines will merge their existing joint venture agreements, the Franco-Dutch airline group said on Monday.
Fox shares drop as prospects of new Comcast bid fade
Twenty-First Century Fox Inc shares dropped more than 2 percent on Monday, as investors viewed the absence of a new bid by Comcast Corp for most of Fox’s assets as meaning its bidding war with Walt Disney Co for them is likely over.
Strong U.S. retail sales brighten economic outlook
U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
