Business & Finance News
A plunge in the shares of the world’s largest planemaker after a fatal crash in Ethiopia set the Dow Jones Industrial index for a sharp fall at the open on Monday and capped gains in the broader markets.
Shares of Boeing Co slid 11 percent in early trading on Monday after China, Indonesia and Ethiopia ordered airlines to ground their Boeing 737 MAX 8 planes, following the second deadly crash involving the jet in just five months.
Levi Strauss & Co said on Monday it expects to raise as much as $587 million through an initial public offering (IPO), giving it a value of up to $6.17 billion as the jeans maker returns to the market after three decades.
Talk of more stimulus from China helped world share markets regain some ground on Monday after a slew of disappointing economic data and growth warnings from central banks triggered their worst weekly performance so far this year.
Plunging car production drove an unexpected drop in German industrial output in January, as the engine room of Europe’s largest economy stuttered on trade tensions and unease about Brexit.
Barrick Gold Corp has withdrawn its proposal to buy Newmont Mining Corp, the companies said on Monday, ending a hostile takeover effort that sought to unite the world’s two biggest gold producers.
Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity.
Britain’s Global Aerospace is the lead insurer for the world’s biggest plane maker Boeing Co, the insurer’s top boss said on Monday.
Big investors in Saudi Arabia are pushing ahead with deals and pouring money back into its stock market as the kingdom tries to move on from the murder of Saudi journalist Jamal Khashoggi.
Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion in cash, a deal that would help the U.S. chipmaker boost its data center business.
Jeans maker Levi Strauss & Co said on Monday it expects to raise as much as $587 million through its initial public offering, which marks its return to public markets after more than three decades.
China, Indonesia and Ethiopia grounded their Boeing Co 737 MAX 8 fleets on Monday while investigators found the black box from a crash that killed 157 people in the second disaster involving that airplane model in six months.
India’s Directorate General of Civil Aviation (DGCA) said on Monday it is reviewing safety issues related to Boeing’s 737 MAX 8 aircraft operating in the country, a day after the fatal crash of one of the planes in Ethiopia.
Tesla Inc Chief Executive Elon Musk has until the end of the day on Monday to explain why he should not be held in contempt for recent tweets that U.S. securities regulators say violated a September fraud settlement.
A Tokyo court rejected ousted Nissan boss Carlos Ghosn’s request to attend a board meeting this week, denying him a seat at the table even as the car maker looks set to bolster an alliance he built over two decades.
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