India’s Ola said to raise $2 billion from SoftBank, Tencent: Bloomberg
(Reuters) – India’s ride-hailing company Ola on Monday secured $2 billion in new funding from a group of investors, including SoftBank Group Corp and Tencent Holdings Ltd , Bloomberg reported, citing a person familiar with the matter.
ADM says it’s not bidding for Unilever’s spreads business
CHICAGO (Reuters) – U.S. agricultural trader Archer Daniels Midland Co on Monday denied a report that it was bidding on Unilever Plc’s spreads business, which includes Flora and Stork margarines.
Oil falls more than 2 percent on signs of higher output
NEW YORK (Reuters) – Oil fell more than $1 a barrel to below $56 on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices to register their biggest third-quarter gain in 13 years.
GM promises more electric vehicles, paid for by SUVs
DETROIT (Reuters) – Detroit automaker General Motors Co outlined plans on Monday to add 20 new battery electric and fuel cell vehicles to its global product lineup by 2023, financed by robust profits from sales of gasoline-fueled trucks and sport utili…
Wall Street hits record high on boost from tech, healthcare
(Reuters) – All the three major U.S. stock indexes were hovering near record highs on Monday morning, in a strong start to the fourth quarter, boosted by technology and healthcare stocks and after data pointed to underlying strength in the economy.
Wells Fargo says rehires workers wrongly fired in accounts scandal
WASHINGTON (Reuters) – Tim Sloan, the chief executive officer of Wells Fargo & Co , apologized for a phony accounts scandal and said the bank has hired back more than 1,000 workers wrongly fired or who left due to the wrongdoing, according to prepared Congressional testimony.
United States takes Canada to WTO over wine retailing
GENEVA (Reuters) – The United States has launched a complaint at the World Trade Organization to challenge Canada over its rules for wine retailing in grocery stores in the province of British Columbia, a document published by the WTO showed on Monday….
Equifax failed to patch security vulnerability in March: testimony
WASHINGTON (Reuters) – Equifax Inc failed to patch a software security vulnerability after being alerted in March by the U.S. Homeland Security Department to the issue that led to hackers obtaining personal information from over 140 million Americans, …
Positioning for Brexit, France asks finance industry where it can simplify rules
PARIS (Reuters) – France has launched a public consultation over how financial service regulations can be simplified, the finance ministry said on Monday, stepping up its campaign to lure London bankers after Britain’s vote to leave the European Union….
Disney, Altice shares gain after deal avoids blackout
(Reuters) – Shares in Walt Disney Co were the biggest gainers on the Dow Jones Industrial Average on Monday after the company reached a tentative deal with cable operator Altice USA that prevented a Disney network programming blackout.
