Wall Street gains; investors expect strong earnings
U.S. stocks rose on Monday, helped by bank, industrial and energy shares, as investors looked ahead to a strong quarterly earnings season.
Stocks hit two-week high as banks lead ahead of earnings
Global stocks hit a two-week high on Monday with bank shares leading the drive higher ahead of earnings reports from the biggest U.S. lenders later in the week, while sterling took at hit after another British cabinet resignation.
HPE could mitigate impact of future U.S. tariffs, CEO says
Hewlett Packard Enterprise Co can boost manufacturing at its facility in Wisconsin if trade tensions with China escalate, Chief Executive Antonio Neri said on Monday.
Twitter says removal of fake accounts does not hurt user metrics
Twitter Inc said on Monday it has removed fake accounts but that does not impact its reported user metrics as was indicated in a report by The Washington Post.
Fox preparing to top Comcast offer for Sky: FT
Twenty-First Century Fox Inc is preparing a new bid for Sky Plc that values it at about 25 billion pounds ($33.14 billion) to top the offer it has received from Comcast Corp , the Financial Times reported on Monday.
BlackRock expands in Paris with new hires ahead of Brexit, source says
BlackRock has increased its staff in Paris and is seeking to set up an alternative investment management business there, a source close to the company said on Monday, in another sign of the French capital’s increasing post-Brexit appeal.
Siemens, Alstom deal faces full-scale EU antitrust probe: sources
Siemens and Alstom are set to face a full-scale EU antitrust investigation this week after declining to provide concessions to allay regulatory concerns about their plan to combine their rail operations, two people familiar with the matter said.
Bank rally helps Wall Street as investors await strong earnings
U.S. stocks rose on Monday, with banks and industrial stocks driving a third day of gains on Wall Street as investors looked ahead to a strong quarterly earnings season, setting aside trade concerns.
China’s CATL to build its first European EV battery factory in Germany
Chinese battery maker Contemporary Amperex Technology Ltd (CATL) will build its first production site in Europe in Germany, agreeing a major contract with BMW to supply lithium-ion batteries.
U.S. mergers help bank fees spike to record highs
NEW YORK (LPC) – A record $1.45 trillion of US syndicated lending to companies for acquisitions, leveraged buyouts, dividends and refinancing in the first half of the year has propelled bank fees from arranging the loans to all-time highs.
