Lufthansa’s budget airline Eurowings will aim to cut costs by 15% over the next three years and focus on short-haul flights as part of a plan to return to profit by 2021, the German carrier said on Monday.
Bristol-Myers Squibb Co on Monday offered to divest Celgene Corp’s psoriasis treatment Otezla to allay concerns raised by the U.S. competition regulator, and pushed back the closing of their $74 billion deal.
U.S. stocks opened slightly higher on Monday, boosted by technology shares, while investors pinned their hopes on a meeting between Presidents Donald Trump and Xi Jinping later this week to de-escalate trade tensions.
JetBlue Airways Corp has sued Walmart Inc for trademark infringement, after the world’s largest retailer began using the name Jetblack for its text-based personal shopping service.
Wall Street’s main indexes were set to open slightly higher on Monday, with investors pinning their hopes on a meeting between Presidents Donald Trump and Xi Jinping later this week to de-escalate a trade war that is damaging the global economy.
Oil prices rose on Monday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept a lid on gains .
European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears of an escalation in Iran tensions flared up.
U.S. stock index futures edged higher on Monday, with investors hoping that the upcoming U.S.-China trade talks will help de-escalate a trade war that is damaging the global economy.
Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts.
Danske Bank has dismissed its former interim chief executive Jesper Nielsen after customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender.
Bristol-Myers Squibb Co said on Monday it would divest Celgene Corp’s psoriasis treatment Otezla as the companies look to gain approval for their $74 billion deal from the U.S. Federal Trade Commission (FTC).
FedEx Corp has apologized for another Huawei delivery “mistake”, reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up on China’s upcoming list of companies that harm national interests.
U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.
Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran.
U.S. casino operator Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
