Wall Street higher as tech stocks gain, trade war worries ebb
(Reuters) – The Dow Jones Industrial Average and the S&P rose more than 1 percent, while the Nasdaq added 2 percent on Monday as strength in technology shares and a softer stance by U.S. policymakers on China trade tariffs powered a rebound from last week’s selloff.
Deutsche Bank’s new CEO takes sober look at ‘ugly’ investment bank
FRANKFURT (Reuters) – Deutsche Bank’s new chief executive faces the same strategic problem that has long preoccupied its top management – whether or not to override the rainmakers and big earners at its powerful investment bank to shrink that busines…
Facebook CEO apologizes, says company did not do enough to prevent misuse
(Reuters) – Facebook Inc Chief Executive Mark Zuckerberg told Congress in written testimony released on Monday that the social media network did not do enough to prevent misuse and apologized.
Uber agrees to buy electric cycle-sharing startup JUMP Bikes
SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded …
Wall Street edges higher as techs gain, trade war worries ebb
(Reuters) – All three major U.S. indexes rose more than a percent on Monday as gains in technology shares and a softer stance by U.S. policymakers on China trade tariffs powered a rebound in stocks from last week’s selloff.
Kinder Morgan Canada shares sink on Trans Mountain halt
(Reuters) – Shares of Kinder Morgan Canada fell as much as 19 percent on Monday to their lowest since its stock exchange listing, a day after the company suspended most work on its C$7.4 billion expansion of the Trans Mountain pipeline.
Saudi Aramco signs deals with French companies worth $10 billion: Al Arabiya
RIYADH (Reuters) – Saudi Aramco will sign eight deals with French companies worth $10 billion, the chief executive of the state-run oil giant told Saudi-run Al Arabiya TV on Monday during an official trip to Paris by Crown Prince Mohammed bin Salman.
Merck’s Keytruda helps lung cancer patients live longer in trial
(Reuters) – Merck & Co’s blockbuster drug Keytruda helped previously untreated lung cancer patients live longer in a late-stage trial, potentially cementing its position as the dominant player in the lucrative lung cancer market.
Uber agrees to buys electric cycle-sharing startup JUMP Bikes
SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded …
Wall Street higher as U.S.-China trade war worries ebb
(Reuters) – Wall Street rebounded from last week’s trade tariff driven selloff to open higher on Monday, taking comfort in comments from the Trump administration officials who stressed the trade dispute with China could be resolved through talks.
