PayPal valued at about $52 billion in market return
(Reuters) – PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq on Monday, valuing the company at about $52 billion.
Fed’s Bullard says better than 50 percent chance of Fed hike in September: Fox
(Reuters) – There is a better than 50 percent chance that the Federal Reserve will raise interest rates in September, a top Fed official told the Fox Business network on Monday.
Oil drops on concerns of glut in refined products
LONDON (Reuters) – Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity.
Grocery store chain A&P files for bankruptcy again
(Reuters) – Storied supermarket chain Great Atlantic & Pacific Tea Co Inc [GRTAT.UL], better known as A&P, filed for bankruptcy protection for the second time in five years and said it would sell more than a third of its stores.
Lockheed posts profit above estimate, could sell some businesses
(Reuters) – Lockheed Martin Corp , the Pentagon’s largest arms supplier, reported a better-than-expected 4.5 percent rise in quarterly profit and said it could spin off or sell its government IT and technical services businesses.
SunEdison to buy Vivint Solar for about $2.2 billion
(Reuters) – Solar company SunEdison Inc said it would buy Vivint Solar Inc in a deal valued at about $2.2 billion, including debt, to expand in the residential and commercial solar power business.
Exclusive: Lockheed to buy United Tech’s Sikorsky for over $8 billion
WASHINGTON (Reuters) – Lockheed Martin Corp has agreed to buy United Technologies Corp’s Sikorsky Aircraft for over $8 billion, two sources said on Sunday, cementing a deal that would confirm Lockheed’s dominance in weapons making and giving the Black …
Dollar hits three-month high on rate view, pans gold
LONDON (Reuters) – The dollar jumped to three-month highs on Monday, extending its recent run of gains as expectations of a U.S. rate rise gathered pace, while gold prices plunged to their lowest in more than five years.
Barclays has not set new target for job cuts: sources
(Reuters) – Barclays has set no new targets to cut jobs beyond the 19,000 redundancies which it announced in May last year, sources familiar with the matter said on Monday, playing down a report of further reductions.
Microsoft to buy Israeli cyber security firm Adallom: report
TEL AVIV (Reuters) – Microsoft Corp plans to acquire Israeli cyber security company Adallom for $320 million, the Calcalist financial newspaper reported on Monday.
