Bitcoin hits record high after smashing through $8,000 for first time
LONDON (Reuters) – Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight days.
Volvo Cars to supply Uber with up to 24,000 self-driving cars
STOCKHOLM/SAN FRANCISCO (Reuters) – Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars.
Marvell Technology to buy smaller rival Cavium for $6 billion
(Reuters) – Chipmaker Marvell Technology Group Ltd said it would buy smaller rival Cavium Inc in a $6 billion deal, as it seeks to expand its wireless connectivity business in a fast consolidating semiconductor industry.
European markets power on after early German wobble
LONDON (Reuters) – The euro and European stocks dipped in early trades on Monday after coalition talks collapsed in Germany, but they recovered as investors turned their focus back to improving fundamentals.
Retailer Auchan says it has not been approached by Amazon in Europe
PARIS (Reuters) – French retailer Auchan [AUCH.UL] said on Monday it had not been approached by E-commerce giant Amazon about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions.
Marvell Technology to buy Cavium for $6 billion
(Reuters) – Chipmaker Marvell Technology Group Ltd said on Monday it would buy smaller rival Cavium Inc in a deal valued at about $6 billion as it seeks to expand its networking equipment business.
VW raises 2020 sales outlook on emerging-market growth, SUVs
BERLIN (Reuters) – Volkswagen has raised its mid-term revenue outlook on demand for new sport-utility vehicles in emerging markets and upgraded a pretax profit goal even as it pushes investments in electric cars and new technologies.
Goldman to have two EU hubs post-Brexit: Frankfurt and Paris: report
PARIS (Reuters) – Goldman Sachs Chief Executive Lloyd Blankfein said the bank would have hubs in Frankfurt and Paris after Brexit and that it would be up to the staff to decide where they want to move to from London, he told French newspaper Le Figaro…
Toshiba gains breathing room with $5.4 billion share issue to overseas investors
TOKYO/HONG KONG (Reuters) – Toshiba Corp’s planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting – a quickly arranged deal that underscores both the weakness of its finance…
Nebraska to decide fate of controversial Keystone XL pipeline
LINCOLN, Nebraska/WASHINGTON (Reuters) – Nebraska regulators will announce their decision on Monday on whether to approve TransCanada Corp’s Keystone XL pipeline route through the state, the last big hurdle for the long-delayed project.
