Wall Street trades lower, but off session lows
(Reuters) – The three major U.S. stock indexes were trading lower on Monday, but came off session lows, as gains in energy shares eased fresh concerns over a possible trade war following China’s retaliation against U.S. tariffs.
Fujifilm sues Xerox over aborted merger, seeks more than $1 billion
NEW YORK (Reuters) – Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion plus punitive damages, accusing it of succumbing to pressure from activist investors Carl Icahn and Darwin Deason in abandoning a proposed $6.1 billion mer…
WestJet founder to start new U.S. budget airline: report
(Reuters) – WestJet Airlines Ltd and JetBlue Airways Corp founder David Neeleman is planning to launch a new budget airline in the United States, with $100 million in startup capital, according to a report from the Airline Weekly.
GM plans $175 million retooling of Michigan plant for Cadillac sedans
DETROIT (Reuters) – General Motors Co will invest $175 million to modernize and retool a plant in Lansing, Michigan, to build the next generation of luxury Cadillac sedans, the company said on Monday.
Square obtains NY State cryptocurrency license
NEW YORK (Reuters) – Square Inc , the payments company founded by Twitter Inc CEO Jack Dorsey, has obtained a license to offer New York state residents the ability to buy and sell bitcoin through its Cash App, the company said on Monday.
EU sees signs of improvement after Google antitrust shopping case
BRUSSELS (Reuters) – It is too early to judge Google’s reforms in response to an antitrust case over online shopping, though there are signs some rivals are benefiting, Europe’s competition chief said on Monday.
Wall Street tumbles as U.S.-China trade spat escalates
(Reuters) – The Dow Jones Industrial Average fell more than 200 points on Monday and the other major indexes were lower, as China’s retaliatory action against tariffs imposed by the United States reignited fears of a possible trade war between the worl…
U.S. Supreme Court to review scope of investor protection laws
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be held liable un…
U.S. top court mulls Apple’s App Store commissions in antitrust case
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to take up Apple Inc’s bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more t…
General Electric to cut 1,200 jobs in Switzerland
(Reuters) – General Electric will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday.
