Cognizant cuts profit forecast due to tax hit
(Reuters) – IT services firm Cognizant lowered its forecast for annual earnings on Monday saying that it now expected to pay higher taxes than previously thought, driving its shares down 6 percent.
Oil surges on threat to Venezuela’s PDVSA, Iran worries
NEW YORK (Reuters) – Oil prices rose to their highest levels since late 2014 on Monday, boosted by the latest troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran.
Carl Icahn sells stake in AIG: Forbes
(Reuters) – Billionaire investor Carl Icahn has sold his stake in AIG , Forbes reported on Monday, ending a more than two-year association with one of the largest U.S. property and casualty insurers.
Fasten your seatbelts: WTO prepares to land Airbus ruling
GENEVA (Reuters) – The World Trade Organization’s appeals judges will rule next week on whether the United States has grounds to slap trade sanctions on European Union for subsidizing planemaker Airbus , they said on Monday.
Oil, technology shares drive gains on Wall Street
(Reuters) – U.S. stocks rose on Monday as oil prices hit $70 per barrel for the first time since November 2014, while those in technology companies rose led by second day of gains for Apple.
Cognizant lowers profit forecast on higher-than-expected tax rate
(Reuters) – IT services firm Cognizant Technology Solutions Corp lowered its forecast for annual earnings due to a higher-than-expected tax rate, driving its shares down 4 percent on Monday.
Nissan to gradually withdraw from diesel vehicle market in Europe
PARIS (Reuters) – Japanese carmaker Nissan will gradually stop selling diesel cars in Europe, in a further sign of weakening demand for those cars as customers worry about tax rises and looming bans and restrictions related to diesel in many countries….
Wall Street opens higher as oil prices rise
(Reuters) – U.S. stocks opened higher on Monday as energy shares gained on the back of surging oil prices and Starbucks got a boost from its partnership with Nestle.
Oil surges on Venezuela woes and Iran worries
LONDON (Reuters) – Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran.
Nestle to pay Starbucks $7.15 billion in global coffee alliance
LONDON/ZURICH (Reuters) – Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products around the world, tying a premium brand to Nestle’s global distribution muscle.
