Business & Finance News
Negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be largely a futile exercise, the Trump administration’s trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers and businesses.
T-Mobile US Inc told the U.S. Federal Communications Commission on Monday it would not increase prices for three years, with few exceptions, if it gets approval to buy rival Sprint Corp for $26 billion.
Amazon.com Inc said on Monday it had named Starbucks Corp Chief Operating Officer Rosalind Brewer as director, making her the second black woman to serve on the e-commerce giant’s board.
A federal judge allowed most claims against Daimler AG to move forward in a 2016 lawsuit by vehicle owners that claims the German automaker’s Mercedes diesel vehicles used illegal software to emit excess emissions.
Cyber security firm Symantec Corp on Monday appointed Debora Beachner Tomlin as chief marketing officer, a position that had been vacant since December.
Chevron Corp Chief Executive Officer Michael Wirth is set to receive at least $28 million in total pay this year, the U.S. oil and gas company said on Monday.
Alphabet Inc’s fourth-quarter revenue and profit beat Wall Street’s expectations on Monday but sharply higher spending, as it added data centers, cloud engineers and marketed its services heavily during the holidays, worried investors.
General Electric Co said on Monday it would spin off its transportation business on Feb. 14 and that it expects to distribute 8.7 billion shares of the unit to its shareholders.
Wall Street gained on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for U.S.-China trade relations propelled technology shares.
A gauge of global stocks hit a two-month high on Monday, as gains for technology and industrial shares fueled a rise on Wall Street, while the U.S. dollar gained for a third straight session against a basket of currencies and U.S. Treasury yields rose.
Alphabet Inc beat Wall Street estimates for fourth-quarter revenue and profit on Monday, as advertisers spent more on its Google search and YouTube services during the busy holiday shopping period.
Wall Street gained on Monday, with technology shares leading the advance as investors were optimistic about the prospects for U.S.-China trade relations and quarterly earnings reports.
The once-mighty Sears department store chain took its fight for survival to a bankruptcy judge on Monday, arguing the proposed $5.2 billion sale to its chairman, Eddie Lampert, would help save 45,000 jobs and keep 425 stores open.
Apple briefly retook its title as the largest publicly listed U.S. company by market capitalization on Monday, beating out Microsoft and Amazon.com, while Alphabet was close behind the trio as it prepared to report its quarterly results.
By Svea Herbst-Bayliss, Uday Sampath Kumar and Harry Brumpton
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