Wall Street was set to open little changed on Monday after its biggest one-day surge in the new year, as investors turned wary of the latest round of U.S.-China trade talks and a prolonged government shutdown.
Ford Motor Co said on Monday it plans to roll out a wireless technology for its new vehicle models in the United States, starting 2022, that will allow direct communication between connected devices.
British carmaker Aston Martin has triggered contingency plans to cope with a potentially disorderly Brexit, including hiring a new supply chain chief and preparing to fly in components as well as use ports other than Dover.
InterDigital Inc on Monday said Huawei Technologies Co Ltd filed a lawsuit against it in China, alleging the U.S. technology firm had not licensed its intellectual property on fair terms.
A group of financial services firms, including Morgan Stanley , Fidelity Investments and Citadel Securities LLC, have agreed to jointly launch a new low-cost bourse that will rival Intercontinental Exchange Inc’s the New York Stock Exchange and Nasdaq Inc , the companies said in a joint statement on Monday.
China’s ICBC Financial Leasing has firmed up an order for 80 Airbus A320-family jets worth $8.8 billion at list prices, industry sources said on Monday.
The United States and China are likely to reach a good settlement over immediate trade issues while an agreement on structural trade issues and enforcement will be harder, U.S. Secretary of State Wilbur Ross said on Monday as U.S.-China trade talks resumed.
Activist investor Starboard Value LP on Monday called on Dollar Tree Inc to explore a sale of its underperforming Family Dollar business and nominated directors to replace a majority of its board after revealing a stake in the company.
U.S. stock index futures were little changed on Monday after Wall Street’s biggest one-day surge in the new year on Friday, as focus shifted to the latest round of trade talks between the United States and China.
China’s most globally high-profile and successful carmaker, Geely, is forecasting flat sales this year, a sharp slowdown from 2018 as the country’s giant auto market struggles with slowing economic growth and more cautious consumers.
Aston Martin has hired a supply chain chief and approved Brexit plans to avoid delays by using ports other than Dover and flying in components as the carmaker prepares for a possible no deal in March, its boss told Reuters.
PG&E Corp’s shares plunged more than 18 percent on Monday after sources said the California utility is exploring filing for bankruptcy protection as it fears a big charge in the fourth quarter related potential liabilities from wildfires.
Eli Lilly and Co said on Monday it would buy Loxo Oncology Inc for about $8 billion in cash, buying into a portfolio of targeted medicines to treat cancers caused by rare gene mutations.
Strong employment data in the United States, decisive action from the Chinese central bank and dovish messages from U.S. Federal Reserve chief Jerome Powell steadied markets on Monday, pushing an index of world stocks to a 2-1/2 week high.
Credit Suisse has settled a 2012 New York state lawsuit alleging misconduct over residential mortgage-backed securities (RMBS), with a source familiar with the deal saying the bank would pay much less than prosecutors had originally sought.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
