Snap surges after IPO banks give flurry of ‘buy’ ratings
(Reuters) – Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner’s IPO underwriters handed it badly needed “buy” ratings.
Bill Gross, Pimco settle lawsuit over his exit for $81 million: sources
NEW YORK (Reuters) – Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/2-year drama over the well-known bond investor’s abrupt departure from one of the world’s biggest …
EU’s competition watchdog says a few merger candidates may have misled
BRUSSELS (Reuters) – A “small handful” of companies may have given misleading information when they sought approval for their mergers, Europe’s competition commissioner said on Monday, putting the companies at risk of sanctions and fines should regulat…
Trump tax plan faces rockier road after bruising healthcare loss
WASHINGTON (Reuters) – The White House will take a lead role in crafting legislation to overhaul the U.S. tax code, eyeing an August target date as President Donald Trump seeks his first legislative victory following the failure last week of a long-pro…
Uber resumes self-driving car program in San Francisco after crash
(Reuters) – Driverless vehicles operated by Uber Technologies Inc [UBER.UL] were back on the road in San Francisco on Monday after one of its self-driving cars crashed in Arizona, the ride-hailing company said.
Facebook’s Messenger app adds live location-sharing
MENLO PARK, Calif. (Reuters) – Facebook Inc added a feature to its Messenger app on Monday to allow users to share their locations continuously for up to an hour, ramping up competition with tools offered by Apple Inc and Alphabet Inc’s Google Maps.
Hospitals shares surge as market absorbs Republican health-bill failure
NEW YORK (Reuters) – Shares of U.S. hospital operators surged on Monday after Republicans’ pulled their healthcare bill, preserving for now the benefits that hospitals gained under Obamacare.
Saudi Arabia sweetens huge Aramco IPO with tax cut
JEDDAH, Saudi Arabia/RIYADH (Reuters) – Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to be the world’s largest equity sale.
Buffalo Wild Wings nabs Marcato nominee for own director slate
(Reuters) – Buffalo Wild Wings Inc , battling activist hedge fund Marcato Capital Management LP in a proxy fight, escalated tension between the two sides on Monday by tapped one of Marcato’s own nominees for its director slate.
Samsung plans to sell refurbished Galaxy Note 7s
SEOUL (Reuters) – Tech giant Samsung Electronics plans to sell refurbished versions of the Galaxy Note 7 smartphones, the company said late on Monday, signaling the return of the model pulled from markets last year because of fire-prone batteries.
