Articles by admin

The board of Citigroup Inc on Monday named one its independent members to be its new chairman, keeping the post separate from Chief Executive Mike Corbat.

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The S&P 500 and the Dow Jones Industrial Average rose on Monday, as oil prices lifted energy stocks and defensive sectors such as real estate and utilities gained, but a drop in Apple’s shares dragged down the Nasdaq.

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Amazon.com Inc said on Monday it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with Walmart Inc and other rivals vying for customers’ Christmas shopping.

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Iran said on Monday it has taken necessary banking measures to continue trade with its partners after the United States reimposed sanctions on Tehran’s energy and financial sectors, Iranian state TV quoted the head of the country’s Central Bank Abdolnassr Hemmati as saying.

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The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action to stop its “outlaw” policies, steps the Islamic Republic called economic warfare and vowed to defy.

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The United States snapped sanctions back in place on Monday to choke off Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.

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Sanctions have already cost Iran billions of dollars in oil revenue since May when U.S. President Donald Trump pulled out of the nuclear deal, U.S. Special Representative for Iran Brian Hook told reporters on a call on Monday.

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The S&P 500 and the Dow Jones Industrial Average rose on Monday, supported by gains in energy stocks and strong results from Berkshire Hathaway Inc, while the Nasdaq was dragged down by a 3 percent drop in Apple Inc shares.

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A divided federal appeals court on Monday overturned the insider trading conviction of a former Wall Street investment banker accused of passing tips about five mergers in the healthcare industry to his father, and ordered a new trial.

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Amazon.com Inc said on Monday it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with Walmart Inc and other rivals vying for customers’ Christmas shopping sprees.

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Goldman Sachs Group Inc is tracking ahead of its goal to generate $5 billion in additional annual revenue by 2020 as growth initiatives bear fruit, its new finance chief said on Monday.

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European shares eased on Monday as last week’s rebound ran out of steam on investor nervousness over fast-rising U.S. interest rates and Washington’s trade dispute with Beijing.

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Sears Holdings Corp is nearing a deal with new lenders to increase a bankruptcy financing package to as much as $600 million from $300 million without Chairman Eddie Lampert’s hedge fund contributing, people familiar with the matter said on Monday.

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An index of stocks on major markets were flat on Monday, following four days of a bounce-back from a 14-month low, ahead of a key vote to define the power balance in Washington and a meeting of the U.S. monetary policy makers.

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Iran has lost around $2 billion in oil revenue since May, when U.S. President Donald Trump pulled out of the nuclear deal, U.S. Special Representative for Iran, Brian Hook, told reporters on a call on Monday.

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