Wall St. lower as technology stocks drag
(Reuters) – A selloff in technology stocks, led by Facebook and Apple, drove down major Wall Street indexes on Monday.
AIG to restructure into three new units, marking CEO’s first big move
(Reuters) – American International Group Inc said on Monday it will reorganize into three new units and will no longer have separate commercial and consumer businesses, marking the first major strategic move by new Chief Executive Officer Brian Duperr…
Dudley sees Fed rate hikes; inflation weakness ‘fading’
SYRACUSE, N.Y. (Reuters) – The Federal Reserve is on track to gradually raise interest rates given the recent inflation weakness is fading and the U.S. economy’s fundamentals are sound, an influential Fed policymaker said on Monday, reinforcing the cen…
Apple set to weigh on Wall St.; Fed speakers in focus
(Reuters) – U.S. stocks were set to open slightly lower on Monday, weighed down by a drop in Apple shares and heightened expectations of another interest rate hike this year following comments from a Federal Reserve official.
Allergan boosts shares with $2 billion buyback
(Reuters) – U.S. drugmaker Allergan Plc on Monday authorized a $2 billion buyback of its common stock, sending its shares up after a week of disappointing news on its drug development pipeline.
DR Horton cuts cash flow forecast 50 percent on hurricanes
(Reuters) – D.R. Horton Inc , the No.1 U.S. homebuilder, drastically cut its 2017 forecast for cash flow from operations due to delays caused by the recent hurricanes, becoming the second homebuilder to say natural disasters have hurt operations.
Unilever steps up beauty push with $2.7 billion Carver Korea deal
SEOUL/LONDON (Reuters) – Unilever has agreed to pay 2.27 billion euros ($2.71 billion) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business.
Target raises minimum hourly wage to $11, pledges $15 by end of 2020
CHICAGO (Reuters) – Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour — the so-called “living wage” labor advocates across the United States are c…
Apologizing to London, Uber CEO offers change to keep license
LONDON (Reuters) – Uber’s [UBER.UL] new boss Dara Khosrowshahi apologized to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major market…
Exclusive: Toshiba tells banks chip deal delayed as Apple yet to approve
TOKYO (Reuters) – Toshiba Corp told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc , a member of the buyer group, has not agreed on key terms, two people involved in the deal said.
