China Aircraft Leasing Group Holdings has put its order for 100 Boeing 737 MAX jets on hold, until it is assured of the aircraft’s safety, South China Morning Post reported on Monday, citing a company statement.
Merck KGaA won the support of Versum Materials Inc’s board with a sweetened $6.5 billion takeover proposal, topping an agreed merger with rival Entegris.
Walmart’s Mexico unit has penalized food companies supplying groceries to rival Amazon, pressure that has forced some to pull their products from the world’s largest online retailer, four people familiar with the matter said.
Image sharing website Pinterest Inc set a price range of $15 to $17 per share for its initial public offering of 75 million shares, as per a filing http://bit.ly/2OZLmYU with the U.S. Securities and Exchange Commission on Monday.
Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia’s largest round of private financing.
Oil prices rose to their highest level since November 2018 on Monday, driven by OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya as well as strong U.S. jobs data.
Sports Direct boss Mike Ashley embarked on a last-ditch battle to take control of Debenhams on Monday, accusing board members of dishonesty while offering to fund a rescue plan in return for the CEO’s job.
Boeing’s decision to cut production of its 737 aircraft hit the shares of its suppliers on Monday, while its own shares were lower in U.S. pre-market trading.
Jaguar Land Rover (JLR) shuts its UK plants on Monday for five days over Brexit, adding to other shutdowns to leave at least half the country’s car production off-line in what could be a pivotal week for Britain’s divorce from the EU.
EU antitrust regulators on Monday fined U.S. conglomerate General Electric 52 million euros ($58.4 million) for providing misleading information in its takeover of Danish rotor blade maker LM Wind two years ago.
Demand for Saudi Aramco’s inaugural international bond, seen as a gauge of potential investor interest in the company’s eventual initial public offering, is higher than $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday.
A London jury has been dismissed in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008.
Credit Suisse’s shareholders should vote against the bank’s compensation report at the April 26 annual general meeting, proxy adviser Glass Lewis said, citing an “unjustified CEO bonus increase” for Chief Executive Tidjane Thiam.
World stocks paused on Monday after a strong recent run, as potential flashpoints including a crucial Brexit summit and central bank meetings loomed, and investors began to look ahead to an earnings season that may be disappointing.
Boeing’s decision to cut the production of its 737 aircraft hit the shares of its suppliers on Monday while its European rival Airbus rose.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
