Wall Street hits record high as investors eye mergers
(Reuters) – U.S. stocks climbed to record highs on Monday, helped by optimism about merger activity and as investors bet that a Republican plan to cut corporate taxes would bolster earnings.
Broadcom bids $103 billion for Qualcomm, open to going hostile
(Reuters) – Chip maker Broadcom Ltd made an unsolicited $103 billion bid for Qualcomm Inc on Monday, setting the stage for a takeover battle that could reshape the industry at the heart of mobile phone hardware.
Equifax probes legal officer’s role in post-breach share sales: WSJ
(Reuters) – An special committee of Equifax Inc’s board is investigating the role the credit reporting company’s chief legal officer played in approving share sales by four executives days after suspicious activity was discovered in its systems, accord…
Siemens Gamesa to cut as many as 6,000 jobs
BERLIN (Reuters) – Siemens Gamesa said on Monday it plans to cut as many as 6,000 jobs worldwide as it braces for sales to plunge by as much as a fifth next year.
Exclusive: General Electric mulls options for aircraft leasing unit – sources
(Reuters) – General Electric Co is exploring options for its aircraft leasing operations, including the sale of all or part of the business, as Chief Executive John Flannery searches for new divestitures, according to people familiar with the matter….
Wall Street hits record, investors eye major chip deal
(Reuters) – U.S. stocks rose to record highs on Monday after Broadcom made a monster bid for Qualcomm and investors bet that a Republican plan to cut corporate taxes would bolster earnings.
Commerce chief Ross: Nothing improper about his Russia-tied investments
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Monday he had done nothing wrong and did properly disclose his investments in a shipping firm that has significant business ties to Russian President Vladimir Putin’s inner circle.
Barclays fails to end U.S. ‘dark pool’ class action
NEW YORK (Reuters) – Barclays Plc has failed to persuade a U.S. appeals court to unwind a class action lawsuit accusing the British bank of defrauding shareholders about its private “dark pool” trading platforms.
Fox held talks to sell most of company to Disney: CNBC
(Reuters) – Rupert Murdoch’s Twenty-First Century Fox has held talks to sell most of its film and television assets to Walt Disney Co, which would gain new programming and expand its international reach, CNBC reported on Monday.
Wells Fargo targets post-boomer customers with robo-adviser
(Reuters) – Wells Fargo Inc on Monday launched a new robo-adviser to give first-time investors a low-cost option to invest, joining other financial firms in the hunt for tech-savvy customers looking to enter the markets.
