U.S. trade tariffs push industrials, materials stocks lower
(Reuters) – Shares in U.S. industrial and materials companies were under pressure on Friday on escalating trade tensions between the United States and China after President Donald Trump announced tariffs on China, which said it would fight back.
Sprint, T-Mobile plan to file deal application to FCC on Monday
WASHINGTON (Reuters) – Wireless companies Sprint Corp and T-Mobile US Inc have informed the Federal Communications Commission that they will formally file an application asking for approval to merge on Monday, according to a document seen by Reuters.
Boeing says assessing possible impact of U.S. tariffs on products
NEW YORK (Reuters) – Chicago-based planemaker Boeing Co said it is assessing the possible impacts of U.S. tariffs on Chinese goods and any reciprocal action it could trigger on the manufacturer’s supply chain and commercial business.
British M&A booms two years on from Brexit vote
LONDON (Reuters) – Deal-making involving UK companies has picked up in the two years since the country’s decision to leave the European Union, defying worries that Brexit would stifle mergers and acquisition activity, data from Thomson Reuters Deals In…
In SandRidge proxy fight, Icahn’s reputation for turnarounds at stake
HOUSTON (Reuters) – When SandRidge Energy Inc shareholders on Tuesday cast their votes for directors, the only question is how much sway over the embattled oil and gas producer they will hand to activist investor Carl Icahn.
AT&T CEO says ready to invest, keep culture at Time Warner: CNBC
(Reuters) – AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.
Wall St. drops on rising trade tensions
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, prompting Beijing to warn of retaliation and reigniting fears of a trade war between the world’s two largest economies.
Bank of America picks ex Macron adviser Mourad to run investment banking for France: sources
LONDON/PARIS (Reuters) – Bank of America has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar wit…
Saudi Arabia plans leaders’ summit this year for OPEC, allies: sources
DUBAI (Reuters) – Saudi Arabia plans to host a leaders’ oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said on Friday.
Wall Street heads lower on rising China trade tensions
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
