Wall Street up sharply as fear of rising interest rates ebbs
(Reuters) – U.S. stocks rose sharply on Monday as a decline in Treasury yields assuaged investors’ concerns about rising interest rates.
Apple plans biggest iPhone yet for 2018: Bloomberg
(Reuters) – Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, a device that may have a bigger display than arch-rival Samsung’s flagship phone, Bloomberg reported on Monday, citing people familiar with the products.
ABLV owners to liquidate bank to protect assets and clients
STOCKHOLM (Reuters) – The owners of Latvia’s ABLV Bank, accused by U.S. authorities of large-scale money laundering, have decided to liquidate the lender after the European Central Bank said on Saturday it would be wound up, ABLV told Reuters on Monday…
California appeals court revives U.S. agency’s case against AT&T
WASHINGTON (Reuters) – A full-panel of a California appeals court ruled on Monday that the Federal Trade Commission may push forward with its lawsuit alleging that AT&T Inc was deceptive in slowing internet speeds to customers with unlimited plans.
Honeywell sees rising demand for civilian choppers over next five years
(Reuters) – Honeywell International Inc expects to deliver 4,000 to 4,200 helicopters for civilian use through 2022 on the back of strengthening global economy, the U.S. industrial conglomerate said on Monday.
Apple shares on verge of record high after Buffett comments
SAN FRANCISCO (Reuters) – Shares of Apple rose 2 percent on Monday and were on the verge of a record high after billionaire Warren Buffett talked up his company’s stake in the iPhone maker.
Exclusive: U.S. investors seek to acquire Russia’s Rosneft lien in Citgo
WASHINGTON (Reuters) – A group of U.S. investors is seeking Washington’s approval to acquire the nearly 50 percent collateral in U.S. refiner Citgo held by Russia’s largest state-owned energy firm Rosneft, one of the investors said.
Apple plans three new iPhones for 2018: Bloomberg
(Reuters) – Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, Bloomberg reported on Monday, citing people familiar with the products.
Broadcom calls Qualcomm’s offer for price talks ‘engagement theater’
(Reuters) – Broadcom Ltd on Monday called a proposal by U.S. semiconductor peer Qualcomm Inc for a new meeting to negotiate an increase to Broadcom’s $117 billion acquisition offer “engagement theater” aimed at dodging a takeover battle.
Wall Street up sharply ahead of Powell testimony
(Reuters) – U.S. stocks rose sharply on Monday, led by gains across sectors as investors bet that Federal Reserve Chairman Jerome Powell will stick to a gradual rate-hike approach despite indications that inflation is perking up.
