United Technologies Corp said on Monday it would separate into three independent companies consisting of its aerospace units, Otis elevators division and Carrier air-conditioning business, as the industrial conglomerate bows to pressure from activist investors.
United Technologies Corp said on Monday it would separate into three companies consisting of its aerospace unit, Otis elevators division and its Carrier air-conditioning business.
The U.S. Securities and Exchange Commission chairman said on Monday that the agency would not revisit its securities fraud settlement with Tesla Inc despite Chief Executive Elon Musk’s tweet mocking the regulator.
Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.
Hundreds of workers walked off the job and Canadian Prime Minister Justin Trudeau expressed “deep disappointment” after General Motors Co on Monday announced the closure of its Oshawa plant, catching governments and employees by surprise.
A tentative rebound in global share markets will be tested in Asia on Tuesday after U.S. President Donald Trump quashed hopes he might strike a truce on trade with China, dampening risk appetite across the region.
U.S. President Donald Trump said on Monday he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent.
Ford Motor Co has no plans to carry out an auto plant shutdown in Canada along the lines of the closure announced by General Motors Co, the head of the automaker’s Canadian operation said on Monday.
Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd , which accused them of abandoning a contract related to its planned construction of the first Fox-branded theme park.
Wall Street bounced back on Monday, lifted by expectations that retailers raked in online sales during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fueled tensions with the European Union.
General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
The incoming chief executive of Europe’s Airbus hinted on Monday at a decision next year on whether to launch the A321XLR, a longer-range version of its best-selling A321 single-aisle jet.
Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.
U.S. President Donald Trump demanded General Motors Co add a new product to replace a plant in Ohio that the company said it planned to close next year due to lagging small-car demand.
Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs.
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