NAFTA’s fate uncertain ahead of final round of talks in Montreal
OTTAWA (Reuters) – The NAFTA trade agreement’s future hangs in the balance this week as negotiators from the United States, Canada and Mexico try to settle major differences over revamping a pact that President Donald Trump has threatened to abandon.
Higher oil prices give Halliburton better-than-expected fourth quarter
(Reuters) – U.S. oilfield services company Halliburton Co reported a bigger-than-expected fourth-quarter profit after charges and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production near record levels.
Biotech M&A takes off as Sanofi and Celgene spend $20 billion
(Reuters) – Biotech deal activity exploded on Monday with French drugmaker Sanofi and U.S.-based Celgene spending a combined total of more than $20 billion to add new products for hemophilia and cancer to their medicine cabinets.
U.S. refiner PES says bankruptcy plan hinges on biofuel costs
NEW YORK (Reuters) – Philadelphia Energy Solutions, owner of the largest U.S. East Coast refinery, said on Monday its plan to emerge from bankruptcy hinges on whether it can shed existing biofuel obligations under the country’s renewable fuel laws.
Icahn, Deason demand Xerox explore strategic options
(Reuters) – Hedge fund managers Carl Icahn and Darwin Deason demanded on Monday that Xerox Corp explore strategic options and said they would join forces to elect four new members to the board, sending the company’s shares higher.
Dow under pressure as industrial stocks weigh
(Reuters) – The S&P and the Nasdaq were marginally higher on Monday, while losses in industrial stocks such as General Electric and Boeing as well as Apple weighed on the Dow.
Jaguar Land Rover to cut output due to Brexit, diesel uncertainty to hit sales
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars.
S&P opens lower as U.S. shutdown extends
(Reuters) – The benchmark S&P 500 index opened lower on Monday, weighed down by losses in Boeing, Apple and General Electric, and as a U.S. government shutdown entered its third day.
AIG to buy reinsurer Validus for $5.56 billion
(Reuters) – American International Group on Monday said it would buy reinsurer Validus Holdings for $5.56 billion in cash, snapping a long period of retrenchment for AIG as new Chief Executive Brian Duperreault plots an expansionist path.
Halliburton fourth-quarter profit beats, firm takes charge for Venezuela
(Reuters) – U.S. oilfield services company Halliburton Co reported a bigger-than-expected fourth-quarter profit, as higher oil prices pushed U.S. production to record levels.
