Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter
NEW YORK (Reuters) – Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying amid a Republican effort to repeal and replace President Obama’…
China’s Guizhou province to oversee Apple’s data project
SINGAPORE (Reuters) – China’s Guizhou province, where Apple Inc has set up its first data center in the country, plans to create a working committee chaired by communist party members to oversee the U.S. company’s iCloud facility.
Raytheon names former U.S. deputy defense secretary to board
(Reuters) – Tomahawk missile maker Raytheon Co on Monday named former U.S. Deputy Defense Secretary Robert Work as a director to its board.
Three CEOs resign from Trump council over Charlottesville
(Reuters) – The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc resigned from U.S. President Donald Trump’s American Manufacturing Council on Monday, following Trump’s initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia.
Snap shares bounce off low; employees free to sell shares
NEW YORK (Reuters) – Snap Inc shares rebounded on Monday from a record low in a volatile trading session as big investors reported their stakes in the social media company and a wave of employees became eligible to sell their shares.
Barclays closures add to toll of vanishing British bank branches
LONDON (Reuters) – Barclays plans to close around 54 branches by the end of the year in an effort to cut costs, further reducing access to banking services for customers in parts of Britain.
Uber improves conditions for British drivers, adds tips
LONDON (Reuters) – Taxi app Uber will improve conditions for its British drivers with changes including in-app tipping, after criticism from lawmakers and unions for not giving them more rights.
Wall Street jumps as North Korea tensions wane; S&P 500 up one percent
NEW YORK (Reuters) – U.S. stocks recovered further on Monday from last week’s selloff, with the S&P 500 posting its biggest one-day percentage gain since April as worries eased about a conflict between the United States and North Korea.
Aldi enters grocery delivery in partnership with Instacart
CHICAGO (Reuters) – German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it has partnered with Instacart Inc to deliver groceries in three U.S. cities, a move that comes amid intense competition and disruption in the industry.
China’s Fosun, Shanghai Pharma say bid for stake in U.S. drugmaker Arbor
HONG KONG (Reuters) – A unit of China’s Fosun Group and Shanghai Pharmaceuticals Holding Co are among bidders for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC, the companies said on Monday.
