United Airlines CEO to have ‘healthy recovery,’ his family says
(Reuters) – United Airlines Chief Executive Oscar Munoz’s family told the airline’s employees on Monday they expected him to have a “healthy recovery” but provided no further details about why he had been hospitalized.
IBM revenue falls more than expected, cuts profit forecast
(Reuters) – International Business Machines Corp posted a bigger-than-expected drop in revenue and cut its full-year profit forecast, as a stronger U.S. dollar accentuated weakness in demand from China and emerging markets.
Valeant CEO sees new drug pricing environment ahead
(Reuters) – Valeant Pharmaceuticals International Inc , which has been criticized for raising drug prices and is being investigated by the U.S. government, predicted on Monday that lower price increases are ahead for the whole industry.
Blackstone nears deal to buy Stuyvesant Town for $5.3 billion: source
(Reuters) – Blackstone Group LP is nearing a deal to acquire Manhattan’s Stuyvesant Town-Peter Cooper Village apartment complex for around $5.3 billion, according to a person familiar with the matter who was not authorized to discuss it publicly.
Wall St. near flat; energy shares weigh while tech helps
(Reuters) – Advances in top tech and biotech names helped U.S. stocks to end with slight gains on Monday, while caution at the start of a heavy week of earnings kept a lid on the market.
Morgan Stanley’s trading rout sets grim tone for fourth quarter
(Reuters) – Morgan Stanley on Monday warned that there was little hope for a quick turnaround in its key trading business given the persistence of global growth concerns that helped pummel the bank’s third quarter earnings.
Oil down about 4 percent; gasoline drop adds to China, Iran worries
NEW YORK (Reuters) – Crude oil fell about 4 percent on Monday after a tumble in gasoline futures added pressure to a market slumping on slower growth in China and signs that Iranian oil will return to the market soon following implementation of its nuc…
Fed’s Williams sees rate rises appropriate in ‘near future’
SAN FRANCISCO (Reuters) – Despite strong headwinds from overseas that are holding down U.S. inflation, the Federal Reserve should soon begin to raise interest rates to slow down economic growth before it becomes unsustainable, a top Fed official said o…
Lufthansa makes new offer in pay and pensions dispute
FRANKFURT (Reuters) – German airline Lufthansa said on Monday it had offered cabin crew additional retirement benefits if they worked beyond the age of 55 as well as wage increases in a bid to end a protracted labor dispute.
Halliburton revenue misses on weak drilling in North America
(Reuters) – Halliburton Co , the world’s No.2 oilfield services provider, reported a bigger-than-expected 36 percent drop in quarterly revenue, hurt by weak drilling and pricing in North America.
