Business & Finance News
The tech-heavy Nasdaq fell on Monday for the third straight day as a sell-off in Chinese markets sparked concerns about slowing global economic growth, though the S&P 500 pared losses to end nearly flat.
Global equity markets fell on Monday amid unease over the impact of the U.S.-China trade war on China’s growth, while the dollar gained against the euro as Italian bond yields spiked on a brewing spat over Italy’s budget plans.
Ford Motor Co has chosen Omnicom’s BBDO as its lead creative advertising agency in a blow to its long-time partner WPP .
CBS Corp would look for potential buyers for the cable company after a probe on its former Chief Executive Officer Leslie Moonves ends, a Fox journalist tweeted on Monday.
Advertising giant WPP has lost its position as lead creative agency for Ford Motor Co , WPP said.
The S&P 500 cut losses to end nearly flat on Monday after having been weighed down by concerns about slowing Chinese economic growth due to trade tensions between China and the United States.
The S&P 500 was little changed on Monday as concerns mounted about the impact on China’s economy from trade tensions between the United States and China.
Volkswagen’s Brazil operation is putting workers on a 20-day furlough, the company said on Monday, citing reduced demand from Argentina, which is undergoing an economic crisis that has derailed growth and slashed spending power.
A gauge of global equity markets fell on Monday amid unease over the impact of the escalating U.S.-Sino trade war on China’s growth, while the dollar gained versus the euro and Italian bond yields spiked on a spat over Italy’s budget plans.
Volkswagen is close to hiring Citigroup , Deutsche Bank , Goldman Sachs and JP Morgan to help with the potential stock market listing of its truck unit Traton, two people familiar with the matter told Reuters on Monday.
Two former senior executives of Tesco abused their positions to encourage practices that resulted in a 250 million pounds ($327 million) overstatement of expected profits and misled the stock market, a prosecutor told a London court on Monday.
Wall Street fell for a third straight day on Monday, tracking global stocks, in the backdrop of growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.
Alphabet Inc’s Google said on Monday up to 500,000 Google+ user accounts were potentially affected by a bug that may have exposed their data to external developers, and the company is shutting down the social network for consumers.
Swiss bank UBS Group AG , its French unit and six executives faced charges of aggravated tax fraud and money laundering on Monday, the first day of a trial into allegations they helped wealthy clients avoid taxes in France.
Planemaking boss Guillaume Faury was named as the next chief executive of Airbus on Monday, ending months of uncertainty over the leadership of Europe’s largest aerospace group and underlining the dominance of its commercial jet arm.
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