A University of Chicago-trained economist named on Monday to head Brazil’s Petrobras will not privatize the state-run company, but wants to push ahead with selling non-core assets and to focus on oil exploration and production.
Northrop Grumman Corp has been awarded a $490 million U.S. defense contract for the sale to Japan of Global Hawk unmanned surveillance aircraft, the Pentagon said on Monday.
World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment.
Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
U.S. stocks dropped on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market.
Deutsche Bank processed payments for Danske Bank in Estonia but ended the relationship in 2015 after it found suspicious activity, a spokesman for the German lender said on Monday.
General Electric Co shook up its ailing power business again on Monday, naming a CEO for its new gas-power division and bringing a veteran GE executive back from retirement to help.
The Nasdaq slumped nearly 3 percent and the Dow and S&P fell more than 1 percent on Monday as investors pulled out of Apple and internet shares, while conflicting signals over the state of play between the United States and China on their trade dispute added to caution.
Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with online grocer Ocado Group Plc in a bid to dominate the U.S. grocery delivery business.
World stocks fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment.
American Airlines pilots union on Monday urged the carrier to begin negotiations for a new labor contract in January to boost compensation.
French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.4 billion to resolve pending legal disputes.
U.S. stocks tumbled on Monday, with the S&P 500 and Dow Jones industrial Average shedding about 2 percent and the Nasdaq down more than 3 percent.
Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with online grocer Ocado Group Plc.
A University of Chicago-trained economist named as the next chief of Brazil’s Petrobras threw his support behind the sale of the state oil company’s non-core assets and called for it to focus on exploration and production.
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