(Reuters) – Wall Street dipped on Monday afternoon, reversing gains from earlier in the session, weighed down by healthcare stocks, while surging oil prices added to worries about rising costs for companies.
WASHINGTON (Reuters) – AT&T sought to hide the high cost to consumers of its $85-billion deal to buy movie and TV producer Time Warner, the Justice Department said in its closing arguments on Monday as the United States tried to block the deal in court.
Israel’s prime minister on Monday unveiled what he said was a “half ton” of Iranian nuclear documents collected by Israeli intelligence, claiming the trove of information proved that Iranian leaders covered up a nuclear weapons program before signing a deal with the international community in 2015. In a speech delivered in English and relying on his trademark use of visual aids, Prime Minister Benjamin Netanyahu claimed that the material showed that Iran cannot be trusted, and encouraged President Donald Trump to withdraw from the deal next month. “Iran lied big time,” Netanyahu declared. …read more […]
Amazon is famous for its hard-charging work culture, and Charlie Kindel, an …read more […]
(Reuters) – Apple Inc’s multi-hundred billion cash stockpile and stalling growth in services such as iCloud present an opportunity and a concern that some investors hope will be addressed in the company’s quarterly earnings report on Tuesday.
President Trump holds a joint news conference with Nigerian President Muhammadu Buhari. …read more […]
Oil prices rose Monday as tensions between archenemies Israel and Iran ratcheted up. Israeli Prime Minister Benjamin Netanyahu accused Iran of secretly pursuing nuclear weapons. Oil prices jumped Monday, after Israeli Prime Minister Benjamin Netanyahu accused Iran of secretly pursuing nuclear weapons Monday afternoon. …read more […]
(Reuters) – McDonald’s Corp blew past analysts’ forecasts for profit and revenue on Monday, helped by higher sales in overseas markets and as U.S. customers spent more at its outlets.
Analyst Ming-Chi Kuo has become famous among Apple observers for publishing accurate rumors about upcoming Apple products. If you’ve heard a rumor about an unreleased Apple product in the past five years, there’s a good chance it came from Ming-Chi Kuo, an equities analyst at financial firm KGI Securities. …read more […]
The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned by billionaire Carl Icahn, a former adviser to President Donald Trump, exempting the Oklahoma facility from requirements under a federal biofuels law, according to two industry sources briefed on the matter. The waiver enables Icahn’s CVR Energy Inc to avoid tens of millions of dollars in costs related to the U.S. Renewable Fuel Standard (RFS) program. …read more […]
The U.S. made its final plea in the trial over AT&T Inc.’s proposed takeover of Time Warner Inc., telling a judge that consumers will pay the price if the owner of the country’s biggest pay-TV company … …read more […]
(Reuters) – U.S. stocks rose on Monday as strong earnings reports from McDonald’s and a slate of merger announcements lifted sentiment, while inflation worries were kept in check after tepid data on U.S. income and spending.
Botox maker Allergan’s shares fell 4.2 percent to $155.16 (112.8 pounds) in late-morning trading, and are down more than a third over the last year. Allergan has hired multiple advisers, Saunders said on a Monday conference call following the company’s quarterly earnings. It is considering five options: deploying capital to buy back shares, doing divestitures, splitting the company, making acquisitions, or continuing to operate Allergan as is. …read more […]
LONDON (Reuters) – OPEC oil output fell in April to a one-year low due to declining production in Venezuela and lower shipments from African producers, a Reuters survey found, sending compliance with a supply-cutting deal to another record.
(Reuters) – Marathon Petroleum Corp agreed to buy rival Andeavor for more than $23 billion in the largest-ever tie-up between U.S. refiners, giving the combined company a nationwide presence and increased access to growing export markets.
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