(Reuters) – Wells Fargo & Co is expected to announce a restructuring of its wealth management business, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Advanced Micro Devices (AMD) saw its stock price pop over 5% on Monday to hit a new 11-year high on the back of positive analyst sentiment, which also pointed directly to its ability to compete against chip giant Intel (INTC). …read more […]
American Airlines Group Inc. affiliate PSA Airlines expects more flight cancellations on Tuesday after scrubbing about 400 flights over the weekend as the regional carrier moves into its sixth day of problems with its crew-scheduling system. The technology issue arose on June 14 and has affected nearly 1,100 PSA flights to date, mainly in Charlotte, North Carolina, American spokeswoman Katie Cody said Monday. PSA, a wholly owned subsidiary of American, is also likely to operate less than its full schedule on Wednesday, she said. …read more […]
Undaunted and unapologetic, President Donald Trump defended his administration’s border-protection policies Monday in the face of rising national outrage over the forced separation of migrant children from their parents. Tough action is needed to fight illegal immigration, he declared and the U.S. “will not be a migrant camp” on his watch. The children are being held separately from parents who have been arrested under the administration’s “zero-tolerance” policy for illegal border crossings. …read more […]
WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Monday slammed China’s trade practices as “predatory economics 101” and said statements by Beijing in recent weeks that it was moving to open its economy were “a joke.”
NEW YORK (Reuters) – A Wendy’s restaurant in Oklahoma is under fire after an employee video showing a mouse inside a bag of hamburger buns was widely shared online.
Disney touch – shares lower on concerns mega-merger debt loads… …read more […]
LOS ANGELES (Reuters) – AT&T Inc should be able to reduce the number of commercials on its newly acquired Time Warner networks by using wireless and TV customer data to target personalized advertisements, John Stankey, the longtime AT&T executive who will run the networks, said in an interview on Monday.
MADRID/LONDON (Reuters) – Private equity firm KKR is close to buying a stake in the telecom towers business of Altice , three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations.
NEW YORK (Reuters) – The Dow and S&P fell modestly on Monday, ending well off session lows, as gains in energy shares helped curb declines stemming from trade war concerns after China’s retaliation to U.S. tariffs.
(Reuters) – The U.S. National Transportation Safety Board (NTSB) will send a technical specialist to observe a Tesla Inc examination into the causes of a battery fire last Friday involving one of the electric automaker’s Model S vehicles in California, the agency said on Monday.
WASHINGTON (Reuters) – JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.
(Reuters) – Video game and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.
Facebook hit an all-time high. Less than two months ago shares tumbled into a bear market following news of the Cambridge Analytica scandal. Watch Facebook trade in real time here. …read more […]
(Reuters) – Videogame and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.
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