REUTERS: Insurer American International Group Inc reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since the financial crisis. Shares of the company rose more than 6 percent after Chief Executive ...
Two U.S. senators on Monday criticized reported plans for a Federal Trade Commission settlement with Facebook Inc for misuse of consumers' personal data, saying that top officials, potentially including founder Mark Zuckerberg, must be held personally responsible.
REUTERS: Hedge funds Corvex Management LP and Sachem Head Capital Management LP have built stakes in U.S. health insurer Centene Corp and are exploring challenging its planned US$17.3 billion acquisition of WellCare Health Plans Inc, people familiar with the matter said on Monday. The hedge funds ...
David Einhorn, president of Greenlight Capital, at the Sohn Investment Conference said his firm is positive on airplane leasing company AerCap Holdings and negative on railcar leasing company GATX Corp.
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NEW YORK: Oil futures edged higher in volatile trade on Monday as rising tensions between the United States and Iran buoyed prices, which earlier touched a one-month low after US President Donald Trump said he may raise tariffs on Chinese goods. Brent crude futures rose 54 cents to US$71.39 a...
Morgan Stanley is planning to send a formal notice to the Russian central bank that it will close down its banking operations in the country in the first quarter of 2020, its Russian unit said in its annual report.
Japan's SoftBank Group invested about US$20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a US$5 billion technology fund in the region, said three people familiar with the matter.
Occidental Petroleum Corp said on Monday that its latest bid to take over Anadarko Petroleum Corp was designed to make sure Anadarko's board considers its offer superior to one from Chevron Corp .
Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, is looking to raise up to US$586.5 million, its filing with the U.S. Securities and Exchange on Monday showed.
