Major Sears investor Berkowitz departs board; stock plunges
(Reuters) – Sears Holdings Corp on Monday said that Bruce Berkowitz, head of the company’s second-biggest investor, resigned from the board of directors less than two years after he sought a seat to help turn the struggling department store chain arou…
Netflix subscriber adds beat estimates as original shows lure viewers
(Reuters) – Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of “Narcos” helped attract more viewers.
Striking Canadian autoworkers ratify GM deal
MONTREAL (Reuters) – Striking Canadian workers on Monday voted nearly 86 percent in favor of a new four-year agreement with General Motors Co in a deal that would make it more costly for the U.S. automaker to shut the Ontario plant.
Wall St. inches up with financials; earnings in focus
NEW YORK (Reuters) – All three major U.S. stock index rose to record closing highs on Monday, with the Dow Jones Industrial Average less than 50 points below 23,000, ahead of a long list of earnings this week and as financial shares recovered from last…
U.S. shale output seen posting 11th straight rise in November: EIA
NEW YORK (Reuters) – U.S. shale production for November is forecast to rise for a 11th consecutive month, the U.S. government said on Monday, as U.S. prices stabilize around $50 a barrel.
Wall St. inches up with financials, energy
(Reuters) – U.S. stocks edged higher on Monday as financial shares recovered from last week’s losses and higher oil prices lifted energy shares.
Striking Canadian union approves deal with GM
MONTREAL (Reuters) – General Motors Co. on Monday welcomed the ratification of a new four-year agreement by unionized workers at its SUV plant in Ontario, Canada, ending a near month-long strike.
Tough U.S. NAFTA demands send ball back into lobbyists’ court
ARLINGTON, Va. (Reuters) – Lobbying efforts on the North American Free Trade Agreement faced a major test this week after the Trump administration ignored advice from U.S. business groups and pitched proposals to radically reshape NAFTA, leaving its fu…
Colony Capital injects cash, in talks to buy Weinstein Co
NEW YORK (Reuters) – The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein…
Nordstrom family suspends attempt to take U.S. retailer private
(Reuters) – Nordstrom Inc said on Monday that a founding family group had suspended attempts to take the U.S. department store operator private because of difficulties in arranging debt financing for its bid ahead of the key holiday shopping season.
