Business & Finance News
Newmont Mining Corp Chief Executive Gary Goldberg said on Monday that Barrick Gold Corp’s $18 billion hostile bid for his company is perplexing to his shareholders and not in the best interest of both miners.
U.S. stocks rose on Monday, boosted by technology and industrial companies, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that he was “very, very close” on a trade deal.
Bank of America Corp is dropping the “Merrill Lynch” name from most of its businesses, including its investment bank unit, phasing out a name with a long history on Wall Street as part of rebranding and multi-year marketing effort, the lender said on Monday.
Packaged food giant Nestle has hired bankers at Rothschild to sell its Herta packaged meat business, two sources familiar with the matter told Reuters on Monday.
Barrick Gold Corp’s $18 billion hostile bid for rival Newmont Mining Corp is a “logical” tie-up that would generate value for shareholders of both companies and create an unrivaled global producer of the yellow metal, Chief Executive Officer Mark Bristow said in an interview on Monday.
Oil futures tumbled 3 percent on Monday after U.S. President Donald Trump called for OPEC to “relax and take it easy” on boosting crude prices, which he said were climbing too high.
Carmakers will be big customers for next-generation telecoms networks, helping to justify investment in 5G, but need to be more innovative if the technology is to take off, Spain’s SEAT said on Monday.
Volkswagen shuffled management responsibilities at its core brand on Monday, freeing up Group CEO Herbert Diess to oversee the carmaker’s radical strategy to mass produce electric cars.
Barrick Gold Corp Chief Executive Officer Mark Bristow said on Monday that his company’s $18 billion hostile bid for rival Newmont Mining Corp is a “logical” tie-up that would generate value for shareholders of both companies.
U.S. auto sales are expected to drop about 1 percent in February from a year earlier partly due to inclement weather, according to industry consultants J.D. Power and LMC Automotive.
A bipartisan group of senators on Monday urged the U.S. government to block Huawei Technologies Co Ltd from supplying solar energy generators just as it has acted to keep the Chinese giant out of the U.S. telecommunications network.
U.S. stocks climbed on Monday, boosted by technology and industrial shares, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports.
Volkswagen could sell a smaller stake in its Traton trucks division than expected if markets are shaken by Brexit, two sources familiar with the matter told Reuters on Monday.
Brazil’s oil regulator said on Monday that is has started an investigation into an oil spill at an offshore platform owned by Petroleo Brasileiro SA.
U.S. President Donald Trump said on Monday he was optimistic that a final trade deal could be reached with China and that he would hold a summit to sign any pact, but cautioned an agreement may still not happen.
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