Italy set to grant funds to keep Alitalia afloat: source
Italy is set to free up funds for loss-making airline Alitalia on Monday as Rome struggles to find investors to keep it afloat, a political source told Reuters.
Italy is set to free up funds for loss-making airline Alitalia on Monday as Rome struggles to find investors to keep it afloat, a political source told Reuters.
U.S. factory activity contracted for a fourth straight month in November as new orders slumped back to around their lowest level since 2012, while construction spending fell in October, tempering optimism over the economy that had been fanned by a recent run of upbeat reports.
Brazilian cosmetics maker Natura & Co is pressing government officials, the private sector and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain, its chief executive told Reuters.
A federal judge on Monday rejected Apple Inc's bid to dismiss a proposed class action lawsuit by customers who said it knew and concealed how the "butterfly" keyboards on its MacBook laptop computers were prone to failure.
Oil futures gained about 1% on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.
Monday's slide in U.S. stocks prompted at least one large investors to load up big on stock options that would guard against a sharper hit to stocks into the start of next year.
Natural gas prices plunged more than 12% last week as oversupply concerns and warmer temperatures weigh.
Wall Street stepped back from last week's record highs on Monday, with weak U.S. manufacturing data and fresh trade worries keeping buyers on the sidelines.
Wells Fargo & Co on Monday named Scott Powell chief operating officer, effective Dec. 9.
Facebook Inc Chief Executive Officer Mark Zuckerberg said in an interview to CBS on Monday that U.S. President Donald Trump did not discourage him from banning political ads on the social media platform during a secret meeting in October.
The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus , prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods.
CNH Industrial truck unit Iveco on Monday joined the alternative propulsion party as it unveiled its first electric vehicle, which it will build in partnership with U.S. startup Nikola Motor Co.
Health insurer UnitedHealth Group on Monday issued its adjusted earnings forecast for 2020, the mid-point of which was below analysts' estimates.
Cyber Monday sales were on course to bring in a record $9.4 billion, according to early estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping.
Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took over six weeks ago.