Apple Inc shares fell to their lowest in more than three months on Monday as the main supplier for its Face ID technology, Lumentum Holdings Inc , slashed revenue and profit forecasts, citing reduced orders from a major customer.
Noble Group Ltd is set to appoint Ian Potter, a former senior banker at Morgan Stanley, as its next chairman in a few weeks, just as the commodities trader seeks to complete its $3.5 billion debt restructuring, sources with knowledge of the matter said on Monday.
Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant spooked investors by saying it was grappling with a supply chain issues that could hurt its performance this fiscal year.
General Electric Co Chief Executive Officer Larry Culp said on Monday the company was saddled with too much debt and would urgently sell assets to reduce levels of leverage, sending its shares down as much as 8 percent.
U.S. stocks fell for a third day on Monday, as a slump in Apple Inc shares following weak forecasts from two of its suppliers hit the technology sector.
Oil prices rose on Monday after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day next year.
U.S. stocks opened lower on Monday, as a slide in Apple Inc after weak forecasts from two of its suppliers and losses in tobacco companies offset early gains from a rebound in oil prices.
U.S. movie theater chains fear that a Justice Department review of little-known mid-century rules may result in studios getting free rein to force them to show unpopular movies in exchange for getting blockbuster releases, threatening their profits.
U.S. stocks were headed for a lower opening on Monday, as a slide in Apple Inc after weak forecasts from two of its suppliers and losses in tobacco companies offset early gains from a rebound in oil prices.
Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc for about $5.7 billion, the U.S. healthcare software maker said on Monday.
Equity traders on Wall Street are expected to take home the biggest bonuses this year as a surge in volatility boosted client activity, but 2019 may not be as rosy, compensation firm Johnson Associates Inc said on Monday.
Coty Inc said on Monday Chief Executive Officer Camillo Pane has resigned and will be replaced by Pierre Laubies, the former CEO of Dutch coffee firm Jacobs Douwe Egberts.
Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day.
The dollar surged to nearly 17-month highs on Monday against a basket of major currencies as investors sought out the liquid and high-yielding asset against a backdrop of global growth worries and rising political risk in Italy and Britain.
Volkswagen’s electric vehicle platform and battery procurement plans are being readied to handle production of 50 million vehicles, Chief Executive Herbert Diess told German trade publication Automobilwoche.
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