Business & Finance News
Johnson & Johnson on Monday announced a share repurchase of up to $5 billion of its common stock. The repurchase plan has no time limit and may be suspended for periods or discontinued at any time, the company said in a statement.
T-Mobile US Inc and Sprint Corp are expecting a letter as soon as Monday informing them that they have won approval for their $26 billion deal from a U.S. national security panel, a source said.
General Dynamics Corp on Monday put pressure on Ottawa over the sale of armored vehicles to Saudi Arabia, warning that the federal government would incur “billions of dollars of liability” by unilaterally scrapping the deal.
Business software maker Oracle Corp beat Wall Street estimates for quarterly results on Monday, as it added more clients to its cloud services and license support business, sending its shares up nearly 4 percent in extended trading.
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
Wall Street’s three major indexes each slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve later this week on the course of interest rate hikes.
Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the investment bank.
Shares of U.S. health insurers, hospitals and healthcare companies fell on Monday in the aftermath of a ruling by a federal judge in Texas that the Affordable Care Act (ACA), commonly called Obamacare, was unconstitutional.
The Canadian arm of General Dynamics Corp warned Ottawa on Monday the federal government would incur “billions of dollars of liability” by unilaterally scrapping an agreement to sell armored vehicles to Saudi Arabia.
Wall Street’s major indexes each slid more than 1 percent on Monday on concerns about slowing growth and as DoubleLine Capital’s Jeffrey Gundlach suggested that U.S. stocks are in a bear market.
Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the bank.
Siemens and Alstom have offered to sell either one of their high-speed train technology to address EU antitrust concerns about their plan to create a Franco-German rail champion, people familiar with the matter said on Monday.
Brazil’s Embraer SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing Co, even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent.
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
Private equity firm Carlyle Group LP is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday.
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