VW’s trucks division open to buying majority of Navistar
MUNICH (Reuters) – Volkswagen is open to buying a majority stake in U.S. truckmaker Navistar “at some point,” it said on Monday, as the German automaker prepares its trucks business for a possible stock market listing that could help raise funds to e…
U.S. bans American companies from selling to China’s ZTE
WASHINGTON (Reuters) – The U.S. Department of Commerce is banning American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials told Reuters.
Milan court suspends Serie A TV rights tender after Sky’s request
MILAN (Reuters) – Sky’s Italian unit said on Monday a Milan court had suspended the tender for TV rights of Italy’s top flight Serie A soccer matches put on sale by Spain’s Mediapro until May 4.
BofA profit beats estimates on higher interest rates, loan growth
(Reuters) – Bank of America reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the lender benefited from higher interest rates and growth in loans and deposits.
Futures rise on hope Syria conflict will not escalate
(Reuters) – U.S. stock index futures rose on Monday as investors bet the weekend’s U.S.-led missile attack on Syria would not escalate into a broader conflict.
Carl Icahn sells Tropicana casinos in $1.85 billion deal
(Reuters) – Hedge fund manager Carl Icahn is cashing out of casino business Tropicana Entertainment Inc in a deal selling most of its properties and operations for $1.85 billion, Icahn Enterprises and the companies involved said in statements on Monda…
Bond yields rise, oil prices drop after Syria strikes
LONDON (Reuters) – Oil prices fell sharply and government bond yields rose on Monday on expectations that the weekend’s missile attacks on Syria would not mark the start of greater Western involvement in the conflict.
BofA’s profit rises on higher interest rates, loan growth
(Reuters) – Bank of America reported a 34 percent rise in first-quarter profit on Monday as it benefited from higher interest rates and loan growth.
China tariffs on U.S. business jets no clear boost to rivals: aviation executives
SHANGHAI (Reuters) – China’s planned tariffs on U.S. business jets may do little to buoy rivals despite concerns the moves could create an unequal playing field in the fast-growing China market, aviation executives said in Shanghai on Monday.
Domino’s unveils pizza delivery ‘hotspots’ as competition rages
LOS ANGELES (Reuters) – Domino’s Pizza Inc is ramping up the food delivery wars, adding online ordering for more than 150,000 new delivery “hotspots” at U.S. parks, beaches and other destinations that do not have traditional addresses.
