Business News
Global stocks drop, where is ‘Santa Claus rally’?
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
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Business News
Wall St. tumbles, S&P closes at lowest level in 14 months
Wall Street’s three major indexes each slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve later this week on the course of interest rate hikes.
Business News
Goldman Sachs fires back after Malaysia charges bank in 1MDB probe
Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the investment bank.
Business News
U.S. healthcare stocks drop after judge rules Obamacare unconstitutional
Shares of U.S. health insurers, hospitals and healthcare companies fell on Monday in the aftermath of a ruling by a federal judge in Texas that the Affordable Care Act (ACA), commonly called Obamacare, was unconstitutional.
Business News
General Dynamics warns Canada of huge liability if it cancels Saudi deal
The Canadian arm of General Dynamics Corp warned Ottawa on Monday the federal government would incur “billions of dollars of liability” by unilaterally scrapping an agreement to sell armored vehicles to Saudi Arabia.
Business News
Wall St. sinks as DoubleLine’s Gundlach says stocks are in bear market
Wall Street’s major indexes each slid more than 1 percent on Monday on concerns about slowing growth and as DoubleLine Capital’s Jeffrey Gundlach suggested that U.S. stocks are in a bear market.
Business News
Goldman fires back after Malaysia charges bank in 1MDB probe
Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the bank.
Healthcare
DECN Engages Second Korean Manufacturing Partner to Raise Its Factory Capacity by Two Million Boxes of ”GEN” Test Strips Annually
Company Also Readies Imminent Appeal in The Johnson & Johnson Patent Infringement Matter With The U.S. Court Of Appeals for The Federal Circuit LOS ANGELES, CA – December 17, 2018 Decision Diagnostics Corp. (OTC: DECN) […]
Business News
Siemens, Alstom offer to sell high-speed train technology: sources
Siemens and Alstom have offered to sell either one of their high-speed train technology to address EU antitrust concerns about their plan to create a Franco-German rail champion, people familiar with the matter said on Monday.
Business News
Embraer’s net proceeds from Boeing deal the same, despite higher price
Brazil’s Embraer SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing Co, even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent.
Business News
Global stocks dip as ‘Santa Claus rally’ elusive, oil rises
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
Business News
Carlyle nearing deal to buy StandardAero for more than $5 billion: sources
Private equity firm Carlyle Group LP is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday.
Business News
Wall St. sinks; Gundlach says U.S. stock are in bear market
Wall Street slid 1 percent on Monday, weighed down by retailers and health stocks and after DoubleLine’s Jeffrey Gundlach said U.S. equities are in a long-term bear market and that the Federal Reserve should not raise rates this week.
Business News
U.S. ethanol producers seek pricing reform as markets plunge, ADM sells
U.S. ethanol producers stung by collapsing prices are seeking changes to the way benchmark values for the biofuel are established, arguing the current system used by exchanges is vulnerable to manipulation, according to sources.
Business News
DoubleLine’s Gundlach says U.S. equities are in long-term bear market
Jeffrey Gundlach, chief executive of DoubleLine Capital, on Monday said the S&P 500 is headed to new lows and that U.S. equities are in a long-term bear market.