Month: May 2019

Bed Bath & Beyond Inc said on Monday Steven Temares has stepped down as chief executive officer, effective immediately.

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U.S. stocks futures extended losses on Monday after China said it planned to set import tariffs against $60 billion worth of U.S. goods.

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U.S. President Donald Trump on Monday warned Beijing not to retaliate in an escalating trade dispute after China said it “will never surrender to external pressure.”

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Canada’s WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal valued at C$5 billion ($3.72 billion), including debt.

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Global equities fell on Monday after their worst week of 2019 as hopes of an imminent U.S.-China trade deal were crushed, raising fears of a fresh round of tit-for-tat tariffs.

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A French probe into alleged emissions cheating by Renault is a step closer to possible court action, Le Monde reported on Monday, after a technical report confirmed that some of its diesel engines were configured to emit more pollutants outside official test conditions.

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U.S. stock index futures pointed to sharp declines at the open on Monday, as a standoff between the United States and China over their prolonged trade dispute heightened fears of a retaliatory war that could push the U.S. economy into recession.

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U.S. President Donald Trump on Monday warned China not to retaliate against a hike in tariffs he imposed last week and said that the nation “will be hurt very badly if you don’t make a deal.”

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Volkswagen truck brand Scania has signed a battery supply deal with Sweden’s Northvolt and is in talks about making an equity investment as part of the startup’s efforts to raise 1.5 billion euros, Scania’s chief executive said.

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Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders.

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A Chinese-Taiwanese group is delaying an up to 80 billion yen ($729.33 million) investment planned as part of a rescue deal for Apple Inc supplier Japan Display as it wants to reassess the target’s prospects, the Japanese firm said.

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The decision of U.S. asset manager BlackRock to pull out of the rescue of Italian troubled bank Carige makes state intervention more plausible, Moody’s Investors Service said on Monday.

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Impossible Foods, which makes a meatless plant-based burger and is backed by celebrities like Serena Williams and Katy Perry, said on Monday it has raised $300 million in the latest round of funding ahead of a possible initial public offering.

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Three years ago, the beginning of the end of the U.S. television business looked certain when one of the largest ad buying agencies vowed to move a big chunk of its purchases to YouTube from TV budgets.

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Novartis on Monday said claims of price fixing against its Sandoz generics unit amid a U.S. probe of 20 drugmakers are without merit, with the Swiss company vowing to fight allegations in a lawsuit filed last week.

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