Philip Morris International Inc and Altria Group Inc are discussing an all-stock merger, potentially reuniting two of the world's largest tobacco companies after more than a decade, in a deal aimed at domination of the fast-growing electronic-cigarette market.
J. M. Smucker Co cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, as sales of its Nutrish dog food brand were hit by fierce competition, triggering a 10% drop in its shares.
Oil prices steadied on Monday after France's president lifted hopes for a deal between the United States and Iran, while optimism for easing U.S.-China trade tensions supported prices.
In the escalating China-U.S. trade war Beijing on Aug. 23 retaliated with tariffs on about $75 billion worth of U.S. goods including imposing additional tariffs on crude oil for the first time.
Stock markets clawed themselves off their lows on Monday but sentiment remained fragile after the latest flare-up in the U.S.-China trade war sent investors scrambling into government bonds and battered emerging market currencies.
U.S. President Donald Trump on Monday said China's call for "calm" trade negotiations sent a positive message and should also be applied to the situation in Hong Kong.
Celgene Corp will sell its psoriasis drug Otezla for $13.4 billion in cash to Amgen Inc, taking Celgene a step closer to a $74-billion takeover by Bristol-Myers Squibb Co.
Tencent Holdings on Monday unveiled a version of its popular social media app WeChat tailor-made for drivers with state-backed Chinese carmaker China Chang'an Automobile Group, marking a further foray into transportation solutions.
The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries.
New Companies for Week Ending 8/25/2019
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Funding Report for Week Ending 8/25/2019
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Ferdinand Piech, Volkswagen AG's former chairman and chief executive, who transformed the German carmaker from a regional manufacturer into a global automotive conglomerate, has passed away, German tabloid Bild said on Monday.
Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France's president lifted hopes for a deal between Washington and Tehran, but losses were limited by optimism surrounding a U.S.-China trade deal.
Asian stocks rose in step with their global peers while safe-haven bonds retreated on Tuesday, as signs Sino-U.S. trade hostilities might be easing for now helped restore investor confidence after the previous session's rout.
A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, restoring some equilibrium following signs of escalation in the U.S.-China trade dispute that had roiled markets earlier in the day.