Head of U.S. government financial agency to resign
WASHINGTON (Reuters) – The head of a U.S. government agency created to monitor financial markets after the 2007-2009 financial crisis will resign from the post at the end of this year.
Chip-deal talk lifts Nasdaq; telecoms weigh on S&P, Dow
(Reuters) – Dealmaking in the chip sector lifted the Nasdaq to a new intraday high on Monday but losses in the telecom sector after the collapse of merger talks between Sprint and T-Mobile weighed on the S&P and the Dow.
Wells Fargo launches robo-adviser to target new investors
(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.
Royal Enfield’s big bike could test Harley’s India dominance
(Reuters) – Harley-Davidson Inc’s pole position in India’s fast growing big-bike category is set to face a sweeping test when Indian-owned Royal Enfield launches its first heavyweight bike on Tuesday.
Dealmaking in chip sector lifts Nasdaq to record level
(Reuters) – The Nasdaq rose to hit a new intraday high on Monday, buoyed by the news of a potential $103-billion megadeal in the chip sector, while gains on the S&P and the Dow were capped by losses in the telecom sector.
Sprint shares plunge after T-Mobile merger talks called off
NEW YORK (Reuters) – Sprint Corp’s shares fell more than 13 percent on Monday after the No. 4 U.S. wireless carrier called off merger talks with T-Mobile US Inc and a wireless partnership with cable company Altice USA failed to appease investors.
ABB overhauls Power Grids, cuts U.S. and Swiss production
ZURICH (Reuters) – ABB is reorganizing part of its global power grids operations as the Swiss engineering group responds to the division’s sluggish profitability and falling orders.
Rivals AMD, Intel partner to take on Nvidia
(Reuters) – Bitter rivals Advanced Micro Devices Inc and Intel Corp on Monday unveiled a partnership that will help the chipmakers take on Nvidia Corp.
ABB overhauls global Power Grids business, halts production at U.S, Swiss plants
ZURICH (Reuters) – ABB is reorganising part of its global power grids operations as the Swiss engineering group responds to sluggish profitability and falling orders in the business.
Altice agreement ‘not contingent’ on T-Mobile talks failing: Sprint CFO
NEW YORK (Reuters) – Sprint Corp’s wireless partnership with Altice USA was not contingent on merger talks with T-Mobile US Inc failing, the chief financial officer of the No. 4 U.S. wireless carrier said on Monday.
