French bank Societe Generale said on Monday it agreed to pay $1.3 billion in penalties to the U.S. authorities to settle a dispute over violations of U.S. economic sanctions, adding the fines were entirely covered by provisions.
Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday.
French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.34 billion to resolve investigations into its handling of dollar transactions in violation of U.S. sanctions, the Federal Reserve said.
Tesla Inc could be interested in partnering with Daimler AG’s Mercedes-Benz on an electric version of its Sprinter van, Chief Executive Officer Elon Musk said in a tweet https://twitter.com/elonmusk/status/1064541185820114944 on Monday.
American Airlines pilots union on Monday urged the carrier to begin negotiations for a new labor contract in January to boost salaries that were last revised three years ago after the airline emerged from bankruptcy in 2013.
The incoming chief executive of Brazilian state-controlled oil company Petroleo Brasileiro SA said in a newspaper interview on Monday that BR Distribuidora , its fuel distribution unit, is not a natural fit for the company and does not generate returns.
Bitcoin fell below $5,000 on Monday for the first time in over a year, slumping to a fresh 13-month low on the Bitstamp platform as a broad sell-off in cryptocurrencies sparked last week gathered momentum.
Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox’s entertainment assets, clearing one of the last major hurdles for the deal to go through.
Oil futures fell about 1 percent on Monday amid global oversupply worries, but losses were muted as investors eyed potential sanctions on Iran from the European Union, a possible production cut from OPEC and slightly bullish storage drawdown in U.S. crude stocks.
U.S. stocks fell on Monday, as a slide in Apple’s shares on concerns about iPhone demand hit its suppliers and the technology sector, with mixed signals over the state of play between the United States and China on trade dispute adding to the weakness.
General Electric Co shook up its ailing power business on Monday, appointing a new CEO for gas power and bringing a longtime GE executive back from retirement to help.
The arrest of Renault CEO Carlos Ghosn and his imminent removal from the board of Nissan Motor Co. does not pose a threat to the stability or survival of the French carmaker, France’s finance minister said on Monday.
Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox’s entertainment assets, CNBC reported.
France will ensure the long-term viability of Renault , Finance Minister Bruno Le Maire said on Monday after Carlos Ghosn, chairman of the French carmaker’s Japanese partner Nissan Motor Co was arrested on Monday.
U.S. home builder sentiment recorded its steepest one-month drop in over 4-1/2 years in November as rising mortgage rates and tight home inventory squeezed the real estate sector, the National Association of Home Builders said on Monday.
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