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.
Nissan Motor Co Ltd Chief Executive Hiroto Saikawa was granted an exception in 2013 to reschedule a stock-linked bonus that bumped up the payout by 47 million yen ($432,382), former Representative Director Greg Kelly told magazine Bungei Shunju.
The world’s oldest travel company Thomas Cook edged closer to a break up on Monday after its biggest shareholder, China’s Fosun Tourism, made a preliminary approach for the British group’s core holiday operations.
The two-decade-old partnership of Renault SA and Nissan Motor Co was plunged into fresh crisis on Monday, as the French automaker’s demand for a greater say in Nissan’s new governance system drew rare public censure by the Japanese firm.
Oil prices were steady on Monday as U.S.-China trade tensions continued to threaten demand for oil, but tight crude supply and the swift end to a trade dispute between Mexico and the United States offered support.
The idea of a merger between Renault SA and Fiat Chrysler (FCA) remains a good opportunity, but nothing has changed in terms of the conditions the French government has set, French Finance Minister Bruno Le Maire said on Monday.
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