Business & Finance News
NEW YORK/SAO PAULO (Reuters) – Walmart Inc said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April.
(Reuters) – Microsoft Corp said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to beef up its cloud computing business and expand clout among software developers.
WASHINGTON (Reuters) – New orders for U.S.-made goods fell more than expected in April, weighed down by declines in demand for transportation equipment and machinery, but the underlying trend continued to suggest strong momentum in the manufacturing sector.
(Reuters) – U.S. stocks rose on Monday led by gains in technology shares and Friday’s robust jobs data, which gave investors heightened confidence that the U.S. economy remained strong.
OTTAWA/WASHINGTON (Reuters) – Prime Minister Justin Trudeau this week plays host to a summit of the Group of Seven leading industrialized nations with six of the seven members outraged at the United States over a slew of recent moves by President Donald Trump.
(Reuters) – Wall Street’s three main indexes opened higher on Monday led by gains in Microsoft and Apple as well as Friday’s robust jobs data which continued to boost investor optimism on strength in the U.S. economy.
(Reuters) – Planemaker Boeing Co will partner with French aerospace firm Safran SA to make and service aircraft auxiliary power units as it uses some its profit from record jet sales to push into other lucrative aerospace segments.
(Reuters) – Microsoft Corp said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to expand its clout among software developers.
(Reuters) – Planemaker Boeing Co and French aerospace firm Safran SA will join forces to make and service auxiliary power units (APUs), used to start aircraft engines and run other aircraft systems.
(Reuters) – Financial news and information company Thomson Reuters named Brian Peccarelli and Neil Masterson as its co-chief operating officers on Monday as part of a reorganization, which also involves four executives leaving the company.
JOHANNESBURG (Reuters) – Global auditor KPMG said on Monday it will axe up to 400 staff in South Africa in its latest shake-up following a corruption scandal in the country, which saw it lose several major clients.
DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO).
LONDON (Reuters) – Oil prices fell on Monday as U.S. production hit a record high and OPEC members considered boosting supply.
BOSTON (Reuters) – A former executive at State Street Corp is set to face trial on U.S. charges that he participated in a scheme to defraud the bank’s clients by charging them secret commissions on billions of dollars in trades.
(Reuters) – Tesla Inc Chief Executive Elon Musk faces votes at Tuesday’s shareholder meeting that will challenge his grip on the electric carmaker, but he may be able to count on some powerful friends: big fund managers likely to be fans.
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