(Reuters) – Wall Street fell on Monday, with technology and industrials bearing the brunt of an escalating trade dispute between the United States and other leading economies.
Jun.25 — Matthew McLennan, head of global value team at First Eagle Investment, discusses General Electric’s M&A strategy as the company agrees to sell its industrial gas-engine business to Advent International in a $3.25 billion deal. He speaks with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.” …read more […]
business confidence has been hurt by the prospect of a global trade war, but a couple major tailwinds are helping the United States stave off a crash … for now. …read more […]
The U.S. Supreme Court on Monday sided with American Express Co and against 11 states, ruling that the company’s policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law. Spurning states that had sued American Express, the justices upheld a lower court decision that had cleared the company of unlawfully stifling competition through so-called anti-steering provisions in its contracts with merchants. Shares of American Express moved higher after the ruling and were last up 2.2 percent at $99.41. …read more […]
The shift in production is an unintended consequence of U.S. President Donald Trump’s administration imposing tariffs on European steel and aluminum early this month, a move designed to protect U.S. jobs. …read more […]
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday sided with American Express Co, ruling that the company’s policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law.
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.
Carnival Corp. shares tumbled Monday after the cruise operator gave a weaker-than-expected outlook, citing growing fuel costs. The stock fell $6.11, or 9.6 percent, to $57.42 in morning trading. The lackluster … …read more […]
WASHINGTON, (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.
FRANKFURT (Reuters) – U.S. buyout group Advent has agreed to buy General Electric’s (GE) distributed power operations for $3.25 billion, the companies said on Monday.
AT&T, General Electric, Harley-Davidson, Apple and Molson Coors are the companies to watch. …read more […]
U.S. buyout group Advent has agreed to buy General Electric’s (GE) (GE.N) distributed power operations for $3.25 billion, the companies said on Monday. GE had put the unit, which includes the reciprocating gas engine brands GE Jenbacher and Waukesha, up for sale to bolster its finances. The U.S. conglomerate had announced plans to divest about $20 billion in assets as part of a three-year restructuring plan, hoping to book as much as $10 billion in proceeds from selling industrial assets this year. …read more […]
President Trump’s Treasury Department is reportedly working on a plan to limit Chinese investment in US tech firms. Yahoo Finance’s Alexis Christoforous and Rick Newman discuss what it means. …read more […]
(Reuters) – Wall Street’s main indexes dropped on Monday as a move to check Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners.
FRANKFURT (Reuters) – U.S. buyout group Advent has agreed to buy General Electric’s (GE) distributed power operations for $3.25 billion, the companies said on Monday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
