The chief executive of United Technologies Corp said in a television interview that merging with Raytheon Co did not require approval from China, removing one possible hurdle from the creation of the proposed conglomerate.
Oil prices were steady in volatile trading on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten demand for crude.
Shares of defense contractor Raytheon Co and United Technologies Corp pared gains on Monday after U.S. President Donald Trump said he was a “little concerned” about their $121 billion merger to create a new aero-defense company.
U.S. job openings fell slightly in April as hiring surged to a record high, government data showed on Monday.
U.S. stocks opened higher on Monday after the United States abandoned plans to impose tariffs on Mexican goods, while a multi-billion dollar deal between United Technologies and Raytheon added to the cheer.
U.S. President Donald Trump said on Monday he was a “little concerned” about the $121-billion merger of defense contractor Raytheon Co and United Technologies Corp.
United Technologies Corp said on Monday it expects to secure regulatory approval by the first quarter of 2020 to combine its aerospace business with U.S. contractor Raytheon Co and create a new company worth about $121 billion.
Stock market investors gave their seal of approval to the $121 billion merger of defense contractor Raytheon Co and United Technologies Corp on Monday, pushing shares of both companies higher after the surprise weekend announcement.
Oil prices steadied on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten demand for crude.
European shares followed Asian stocks higher on Monday after the United States shelved plans to impose tariffs on Mexico and as investors anticipated lower U.S. interest rates when the Federal Reserve meets next week on the back of poor jobs data.
As Federal Reserve policymakers grapple with how to downplay their quarterly “dot plot” projection of interest rates without eliminating it altogether, some are looking at a compromise: delay its release to reduce the chances that analysts treat it as a sneak peek of where Fed policy is heading.
Salesforce.com Inc said on Monday it would buy big data company Tableau Software for $15.3 billion in an all-stock deal, marking the biggest acquisition in the company’s history.
Tesla Inc’s rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover.
Drugmaker Insys Therapeutics Inc filed for Chapter 11 bankruptcy protection on Monday, about a week after agreeing to pay $225 million to settle a U.S. probe into bribes it paid to doctors for prescribing a powerful opioid medication.
Private equity firm Apollo Global Management LLC is in the lead to acquire Shutterfly Inc after making the highest offer for the digital imaging company, people familiar with the matter said on Monday.
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