Dow hits record as investors bet on tax cuts
(Reuters) – The Dow Jones Industrial Average reached a record high on Monday, with banks and retailers surging and technology companies falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts.
Aeromexico eyes Delta’s CSeries jet order amid U.S. trade spat: sources
MONTREAL/MEXICO CITY (Reuters) – Aeromexico has held preliminary talks to take some Bombardier CSeries jets orders from Delta Air Lines Inc , which owns a stake in the Mexican carrier, to avoid possible U.S. trade duties levied on the planes, two sou…
Amid rising discounts, Nissan seeks ‘fair share’ of pie in U.S.: executive
DETROIT (Reuters) – Facing a glut of late-model 2017 vehicles and rising consumer discounts by competitors, Nissan Motor Co Ltd will continue to target a “fair share of the pie” with big discounts of its own, the automaker’s U.S. sales chief said on M…
Discovery raises stake in Oprah Winfrey Network
(Reuters) – Discovery Communications Inc said on Monday it had raised its stake in its joint venture with TV mogul Oprah Winfrey to more than 70 percent.
BMW says exhaust systems do not shut off in road conditions
FRANKFURT (Reuters) – BMW on Monday rejected a media report that said the software in certain diesel models shut off a gas filtering system in certain road conditions, leading to excessive nitrogen oxide (NOx) emissions.
Tax-cut euphoria elevates Wall Street to record high
(Reuters) – Wall Street indexes cruised to record highs on Monday, with optimism about a Republican plan to slash corporate taxes fueling gains in banks, while Microsoft and other technology stocks dropped.
Scottish lawmakers to pressure RBS to stop branch closures
EDINBURGH (Reuters) – Scottish lawmakers will debate a motion calling for Royal Bank of Scotland to halt planned cuts to its branch network, which opponents say will damage the remote communities they are meant to serve.
Amazon Australia goes live in time to ruin rivals’ Christmas
SYDNEY (Reuters) – Amazon.com Inc’s Australian arm said it would start taking orders on Tuesday, ending speculation about the timing of its launch in the world’s No. 12 economy and likely dashing hopes of a holiday boost for struggling brick-and-mortar…
CVS, Aetna executives defend $69 billion deal to skeptical Wall Street
NEW YORK (Reuters) – CVS Health Corp and Aetna Inc said on Monday their $69 billion deal to combine the pharmacy and drug benefit manager and the No. 3 U.S. health insurer would transform healthcare and deliver cost savings, but investors took a pess…
Bank stocks favored over tech as tax bill makes headway
(Reuters) – The S&P 500 and the Dow rose to record highs on Monday, led by gains in bank stocks, after Republican-led efforts to slash corporate tax rates cleared a major hurdle.
