China’s premier pledges market opening in bid to avert U.S. trade war
BEIJING (Reuters) – Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.
Facebook shares tumble as U.S. regulator announces privacy probe
(Reuters) – Shares of Facebook Inc fell more than 5 percent on Monday after the U.S. consumer protection regulator made public its investigation of how the social network allowed data of 50 million users to get into the hands of political consultancy …
Wall Street bonuses rise 17 percent in 2017: report
NEW YORK (Reuters) – The average Wall Street bonus rose 17 percent to $184,220 in 2017, according to a report released on Monday by New York state’s chief fiscal officer.
Supreme Court rejects AIG ex-CEO Greenberg’s bailout challenge
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday handed a defeat to former American International Group Inc CEO Maurice “Hank” Greenberg, refusing to hear an appeal he led arguing that the federal government illegally bailed out the insurer dur…
Exclusive: South Africa investigates $60 million SAP contract
JOHANNESBURG (Reuters) – South Africa’s anti-corruption agency is investigating a 671 million rand ($60 million) government contract with German software firm SAP, which has admitted misconduct in separate deals involving friends of ousted president Ja…
Wall St. surges as trade war fears cool
(Reuters) – U.S. stocks rose across the board on Monday as fears about a trade war between the United States and China eased following reports that the two countries were willing to negotiate tariffs and trade imbalances.
Pep Boys suspends Facebook ads after data security breach
(Reuters) – U.S. auto parts retailer Pep Boys said on Monday it is suspending all advertising on Facebook Inc following concerns of data privacy, joining internet company Mozilla Corp in pulling ads from the social networking site.
U.S. top court rejects AIG ex-CEO Greenberg’s bailout challenge
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday handed a defeat to former American International Group Inc CEO Maurice “Hank” Greenberg, refusing to hear an appeal he led arguing that the federal government illegally bailed out the insurer dur…
U.S. gunmaker Remington files for bankruptcy
(Reuters) – Remington Outdoor Co Inc, one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control.
Smurfit Kappa rejects raised bid from International Paper
DUBLIN (Reuters) – Ireland’s Smurfit Kappa rejected a raised takeover offer from International Paper on Monday, frustrating a bid to combine the largest listed U.S. paper packaging firm with Europe’s biggest.
