Business & Finance News
U.S. stocks edged higher on Monday boosted by technology shares ahead of Alphabet’s results after the bell, but declines in healthcare and energy stocks kept gains in check.
Smart & Final Stores Inc, a U.S. food retailer controlled by private equity firm Ares Management Corp, is exploring options that include a sale of the company, according to people familiar with the matter.
The U.S. dollar gained for a third straight session against a basket of currencies and U.S. Treasury yields rose on Monday as investors sought to zero in on the path of interest rates, while oil prices pulled back from two-month highs.
Volkswagen AG unit Electrify America said on Monday it will install Tesla Inc battery storage packs at more than 100 charging stations across the United States to keep costs down for drivers charging electric vehicles.
Standard & Poor’s left its ratings on Deutsche Bank unchanged on Monday but said that raising its profitability is the biggest hurdle for Germany’s largest lender.
U.S. stocks treaded water on Monday as a tech boost was offset by declines in energy companies, as investors wait for Alphabet’s results after the bell following mixed earnings from other FAANG stocks.
Britain promised Nissan up to 80 million pounds ($104 million) of support and offered Brexit-related assurances to help secure a major investment from the Japanese carmaker in 2016, according to a well-guarded letter released on Monday.
Hedge fund Starboard Value LP has taken a $200 million stake in Papa John’s International Inc after the No. 3 U.S. pizza chain rejected a similar offer from the company’s founder, John Schnatter, according to the company and a regulatory filing.
U.S. stocks opened little changed on Monday as investors took a wait-and-see stance after an earnings-heavy week which included strong U.S. jobs growth data, with Alphabet’s results expected after the bell.
Papa John’s International Inc’s founder John Schnatter said on Monday the pizza chain rejected an investment offer of up to $250 million from him.
Britain promised about 80 million pounds ($104 million) in support to Nissan in 2016 as part of a major investment by the Japanese carmaker in its British car plant just four months after the Brexit vote, the Financial Times reported on Monday.
Janus Henderson said on Monday that veteran bond manager Bill Gross, who co-founded PIMCO in 1971, will retire and has decided to focus on managing his personal assets and charitable foundation.
Maxwell Technologies Inc, a developer of battery technology, said on Monday it had agreed to be bought by electric-car maker Tesla Inc for $218 million.
Danish authorities have expelled two Huawei Technologies staff after an inspection at the company’s Copenhagen office showed they failed to comply with laws covering residence and work permits, police said on Monday.
Germany is facing a budget shortfall of around 25 billion euros ($28.6 billion) by 2023 as an economic slowdown means tax revenues will come in below previous estimates, a Finance Ministry document obtained by Reuters showed.
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