Technology rally helps Wall Street push higher
New York (Reuters) – Technology stocks led the market higher on Monday as Apple and Microsoft boosted the sector after the iPhone maker kicked off its annual developers conference and the Windows software maker announced an acquisition.
Apple’s new phone software speeds up older devices
SAN JOSE (Reuters) – Apple Inc on Monday unveiled the latest version of its operating system for the iPhone and iPad, iOS 12, saying it would make older devices such as the iPhone 6 work better.
Exclusive: ConocoPhillips prepares to sell stake in Canada’s Cenovus – sources
(Reuters) – ConocoPhillips is preparing to offload its stake in Cenovus Energy Inc , which it acquired as part of an asset sale to the Canadian oil and gas producer last year, people familiar with the matter told Reuters.
SocGen agrees to more than $1 billion in fines over Libya, Libor probes
PARIS/NEW YORK (Reuters) – French bank Societe Generale will pay more than $1 billion to resolve criminal and civil charges in the United States and France for bribing Gaddafi-era Libyan officials and manipulating the Libor interest rate benchmark, U….
Qualcomm asks EU court to scrap $1.2 billion antitrust fine
BRUSSELS (Reuters) – U.S. chipmaker Qualcomm has asked Europe’s second-highest court to throw out a 997 million euro ($1.2 billion) fine levied by European Union antitrust regulators, citing numerous errors in the EU decision.
U.S. CFTC proposes rule to keep higher threshold for swap dealers
WASHINGTON (Reuters) – The U.S. derivatives regulator on Monday proposed maintaining the existing cutoff for U.S. firms to register as swaps dealers, backing off an earlier plan that would have subjected more firms to stricter oversight under the 2010 …
Microsoft to take on Amazon with $7.5 billion GitHub deal
(Reuters) – Microsoft Corp said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to beef up its cloud computing business and challenge market leader Amazon.com Inc .
Southwest Airlines bookings drop after fatal engine blowout
NEW YORK (Reuters) – Southwest Airlines on Monday said it now expects its second-quarter unit revenue to decrease by about 3 percent from the year prior, primarily driven by lower bookings in the wake of a fatal engine blowout in April.
LVMH boss Arnault taps son for top communications job
PARIS (Reuters) – Antoine Arnault, one of LVMH Chairman and CEO Bernard Arnault’s five children and an executive in charge of several brands at the luxury group, will oversee communications and image issues at the company, according to an internal mem…
Societe Generale to pay over $860 million to resolve bribery, Libor manipulation cases
(Reuters) – Societe Generale S.A. will pay over $860 million to resolve criminal charges in the U.S. and France for bribing Gaddafi-era Libyan officials and manipulating the Libor rate, the U.S. Department of Justice said on Monday.
