Activist hedge fund Starboard Value LP on Monday called on Dollar Tree Inc to sell its underperforming Family Dollar business and proposed replacing a majority of the board after revealing a stake in the U.S. discount retailer.
Gains in technology and consumer discretionary stocks on Monday helped Wall Street extend Friday’s rally, with the resumption of U.S.-China trade talks easing some of the concerns that had pummeled the market in the second half of 2018.
Dassault Aviation business jet deliveries fell last year while deliveries of the Rafale warplane rose and new orders for both categories were also higher, the French jetmaker said on Monday.
Oil prices climbed more than 2 percent on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets.
U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that “we can live with” as officials from the world’s two largest economies resumed talks in a bid to end their trade dispute.
Asian-controlled leasing companies splashed out on passenger jets worth $25 billion at list prices to pick out bargains as planemakers Airbus and Boeing raced to end a relatively quiet year with fresh orders.
The United States and China are likely to reach a good settlement over immediate trade issues while agreement on structural trade issues and enforcement will be harder, U.S. Secretary of Commerce Wilbur Ross said on Monday as U.S.-China trade talks resumed.
PG&E Corp’s shares dived more than 22 percent on Monday after sources said the California utility is exploring filing for bankruptcy protection as it fears a massive charge in the fourth quarter related to potential liabilities from wildfires.
U.S. stocks rose on Monday as gains in the technology and consumer discretionary sectors helped extend Friday’s rally, with investors focused on the ongoing U.S.-China trade talks.
German luxury carmaker Daimler will invest 500 million euros ($573 million) in the coming years to develop highly autonomous trucks, it said on Monday, a move that will create more than 200 jobs.
Morgan Stanley , Fidelity Investments, Citadel Securities LLC and a host of other financial companies have agreed to jointly launch a new low-cost bourse that will compete with the New York Stock Exchange and Nasdaq.
The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil Corp to probe whether the oil company for decades concealed its knowledge of the role fossil fuels play in climate change.
The Trump administration on Monday launched a drive to push U.S. firms to better protect their trade secrets from foreign hackers, following a slew of cases accusing individuals and companies of economic espionage for China.
The U.S. Supreme Court on Monday declined to take up Amgen Inc’s bid to reinstate a jury verdict it won against rivals Regeneron Pharmaceuticals Incand Sanofi SAin a patent dispute over cholesterol medication.
U.S. stocks treaded water on Monday as investors turned wary of the latest round of U.S.-China trade talks and a prolonged government shutdown, halting Wall Street’s strong surge from Friday.
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