Business News

Apple Inc on Monday launched Apple Arcade, the company’s game subscription service for mobile devices, desktop computers and “living room” devices.

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Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles against U.S. President Donald Trump, was arrested on Monday and charged with extorting more than $20 million from Nike, federal prosecutors said.

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The Federal Reserve’s stunning about-face on rate increases along with weak economic data has left a key part of the U.S. Treasury yield curve close to levels at which the U.S. central bank has in the past been prompted to cut rates.

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Airbus signed a deal on Monday to sell 300 aircraft to China Aviation Supplies Holding Company, including 290 A320 planes and 10 A350, the French presidency said in a statement.

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Uber Technologies Inc is six months into a major mapping project that fills holes in its coverage of Middle Eastern cities ahead of a possible takeover of regional rival Careem Networks and this year’s hotly anticipated initial public offering, according to a source with knowledge of the project.

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British entrepreneur Mike Lynch artificially inflated revenue at his Autonomy software company before selling it to Hewlett Packard for $11 billion, the U.S. firm’s lawyer told a London court on Monday.

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BlackRock Inc, the world’s largest asset manager, has hired Tanya Levy-Odom and Shannon Nelson for its investment stewardship team that engages with companies on corporate governance, according to their LinkedIn profiles and sources with knowledge of the moves.

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European planemaker Airbus is close to signing a deal worth billions of dollars with China following a delay of more than a year in the negotiations, industry sources said on Monday.

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Apple Inc is expected to lift the curtain on Monday on a secretive, years-long effort to build a television and movie offering designed to compete with big media companies and boost digital services revenue as sales of its iPhone taper.

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Oil prices were little changed on Monday as investors shrugged off fears of a global economic slowdown and focused on the prospect of tighter supply and lower U.S. crude inventories ahead.

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U.S. stocks edged higher on Monday, pulling back from their session lows, as shares of industrial and consumer discretionary companies rose, but gains were kept in check by worries of a global slowdown.

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JPMorgan is asking around 300 staff in its London office to sign new contracts that will require them to move to one of the bank’s other hubs in the European Union if there is a no-deal Brexit, according to a person familiar with the matter.

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Neiman Marcus Group Ltd said on Monday it had reached an agreement with a majority of its lenders to extend the maturities of its debt by three years to help the luxury retailer turn around its business.

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World stocks sold off sharply for a second straight session on Monday on persistent concerns over global economic growth, while benchmark 10-year U.S. Treasury yields held near more than one-year lows.

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Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits over their blockbuster blood thinner Xarelto for a total of $775 million, court documents on Monday showed.

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