Wall Street up in choppy trade, stimulus measures take center stage
U.S. stock indexes were slightly higher in choppy trading on Monday, as investors assessed the efficacy of further monetary stimulus amid the growing economic impact of the coronavirus outbreak.
Gilead buys Forty Seven for $4.9 billion to bolster cancer drug pipeline
Gilead Sciences Inc said on Monday it would buy Forty Seven Inc for $4.9 billion in cash, adding an experimental treatment that targets blood cancer to its portfolio of oncology drugs.
‘Neutron Jack’ Welch, who led GE’s rapid expansion, dies at 84
Jack Welch, who upended the business world in the 1980s and 1990s by transforming General Electric Co from a stolid maker of light bulbs and washing machines into the most valuable U.S. public company, has died at 84, GE said on Monday.
Japanese minister tells Lebanon Ghosn should stand trial in Japan
Fugitive ex-Nissan boss Carlos Ghosn should stand trial in Japan, a Japanese government minister told the Lebanese government during a visit to Beirut on Monday, adding that Beirut had agreed to cooperate but without saying how.
Goldman Sachs halts non-essential foreign business travel: memo
Goldman Sachs Group Inc has told its staff that all non-essential international business travel should be postponed, according to a memo seen by Reuters.
Banks in Europe step up coronavirus contingency trading plans
Banks and exchanges in Europe are readying out-of-town offices, splitting shifts and isolating some teams to ensure they can keep trading if coronavirus spreads in more major financial centers.
Deere names CEO John May chairman
Farm equipment maker Deere & Co on Monday named Chief Executive Officer John May chairman, effective May 1.
Advent/Cinven-led consortium to spend ‘billions’ on expanding Thyssenkrupp Elevator
(This March 1 story has been refiled to show that the consortium is led by Advent and Cinven)
Nike temporarily closes European HQ in the Netherlands due to coronavirus case
U.S. sportswear giant Nike said on Monday its European headquarters in the Netherlands would be closed until Wednesday after an employee was infected with the new coronavirus.
UK finance could be eclipsed by cars in U.S. trade deal
Britain’s financial services industry could fare less well than energy, autos and other sectors under a free trade deal with the United States, the government said on Monday.
