Exclusive: Airbnb to double bookings to 80 million this year – investors
SAN FRANCISCO (Reuters) – Airbnb is expected to double its nightly bookings this year, investors familiar with the company’s performance said, a sign that the home and room renting site’s battles with regulators have yet to dent its rapid global growth…
Wall Street drops as anxious investors eye China
(Reuters) – U.S. stocks finished sharply lower on Monday and were on track for their worst quarter in four years as investors worried about the health of China’s economy and its potential impact on the timing of a U.S. interest rate increase.
U.S. court hears challenge to $5.7 billion Visa, MasterCard settlement
NEW YORK (Reuters) – A U.S. appeals court on Monday weighed whether to uphold the approval of an estimated $5.7 billion antitrust settlement by MasterCard Inc and Visa Inc with merchants over credit card fees despite the objection of several major reta…
Energy Transfer to buy Williams for $33 billion after long quest
(Reuters) – Pipeline giant Energy Transfer Equity LP will buy rival Williams Cos Inc in a deal valued around $33 billion, nearly a third less than the same offer Williams had rejected in June for being too small.
Student loans could help avert U.S. airline pilot shortage: union head
WASHINGTON (Reuters) – The head of the world’s largest pilots union urged the airline industry on Monday to find ways to alleviate the rising costs of aviators’ schooling, saying a shortage of regional airline pilots looms in the United States.
Exclusive: GM to tap into connectivity, expand car sharing services – CEO
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra said the automaker plans new efforts to capitalize on the connectivity built into its cars, expanding car sharing services, offering more autonomous driving features and enabling services…
Fiat Chrysler U.S. union workers deal more blows to tentative pact
DETROIT (Reuters) – United Auto Workers union members at Fiat Chrysler Automobiles NV’s U.S. factories are increasingly rejecting a proposed national labor agreement recommended by union leaders, expressing discontent with a compromise that sacrificed …
Allergan forecasts second-half revenue above $8 billion
(Reuters) – Drugmaker Allergan Plc said it expected revenue to be greater than $8 billion in the second half as it completes the sale of its generics business to Teva Pharmaceuticals Industries Ltd .
Apple reports record sales of iPhone 6s, 6s Plus in first weekend
(Reuters) – Apple said on Monday it had sold more than 13 million iPhone 6s and 6s Pluses during their first weekend of availability in 12 markets, setting a record for its marquee product.
Glencore slumps 30 percent as debt fears grow
LONDON (Reuters) – Shares in mining and trading company Glencore fell almost 30 percent and closed at a record low on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices.
