Business & Finance News
Tesla CEO Elon Musk and his spacy Cybertruck have ignited a frenzy over electric pickups, and at least seven other U.S. automakers expect to build new battery-powered trucks by 2021.
Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 21.77 billion Saudi riyals ($5.8 billion) on Monday, lead manager Samba Capital said.
Fiat Chrysler has already started 90% of the investments earmarked for Italy, the auto maker’s Chief Operating Officer for the EMEA region Pietro Gorlier said on Monday.
Apple Inc and semiconductor stocks powered the S&P 500 and Nasdaq indexes to record highs on Monday, after a report signaled that the United States and China were nearing a trade truce, with sentiment also buoyed by a raft of mega deals.
Texas’ attorney general has settled with T-Mobile Inc and Sprint Corp and will drop its opposition to a merger of the third and fourth largest U.S. wireless carriers.
Louis Vuitton owner LVMH snapped up U.S. jeweler Tiffany & Co on Monday for $16.2 billion in its largest buyout ever, adding America’s biggest luxury name to its stable of brands.
EBay Inc will sell its ticketing unit, StubHub, in an all-cash $4.05 billion deal to ticket reseller Viagogo Ltd, the companies said on Monday, nearly a year after the ecommerce major came under pressure from activist investors to hive off some of its businesses.
Oil prices held above $63 a barrel on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war.
General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate.
The all-stock merger of CBS Corp and Viacom Inc is expected to close on Dec. 4, the companies said on Monday.
U.S. stocks opened higher on Monday as expectations of a U.S.-China trade truce were strengthened by a report that the two sides were nearing an agreement, while a raft of blockbuster deals also lifted sentiment.
Tesla Inc shares rose 4% on Monday after Chief Executive Officer Elon Musk tweeted over the weekend that the company had already received 200,000 orders for its futuristic Cybertruck pickup.
Uber was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years, pending an appeal, over a “pattern of failures” on safety and security.
MSCI published the environmental, social and governance (ESG) ratings of more than 2,800 companies on Monday, giving all asset managers more detail to make their investment decisions.
Britain’s Just Eat urged shareholders on Monday to shun a $6.3 billion cash offer from Prosus , saying a currently lower valued deal with Takeaway.com was a better bet as it would create the largest food delivery firm outside China.
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