U.S. prosecutors announced criminal charges accusing the founders of Outcome Health of overseeing a fraudulent scheme to overbill clients and raise $487.5 million in financing from major investors.
The S&P 500 and the Nasdaq indexes climbed to new record highs on Monday as signs indicated the United States and China were moving closer to a trade truce, while a host of merger deals also helped buoy sentiment.
Mexico's government on Monday ramped up pressure on Democratic lawmakers to approve a new North American trade deal, urging U.S. House Speaker Nancy Pelosi to push it through Congress and rejecting demands for greater oversight of its labor market.
European Union plans to allow more U.S. beef imports cleared a key hurdle on Monday when EU lawmakers specializing in trade backed the move, which is likely to ease transatlantic tensions.
When the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay the cost - implying Chinese firms would have to cut their prices to absorb import "taxes" of up to 25% when the goods hit U.S. shores.
The U.S. Department of Agriculture said on Monday that commodity exporters must disclose sales of hog carcasses, giving officials and traders more insight into a surge of Chinese pork buying that has roiled global meat markets.
Deutsche Post DHL Group's StreetScooter electric vehicle unit will enter the U.S. market next year as delivery firms and municipalities work to cut greenhouse gas emissions.
U.S. prosecutors announced criminal charges accusing the founders of Outcome Health of overseeing a scheme to overbill clients and fraudulently obtain nearly $1 billion of funds, including from major investors.
Oil prices edged higher 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.
The dollar rose and global equity markets rallied on Monday, with the Nasdaq and S&P 500 hitting new highs, as revived hopes the United States and China could soon sign an interim deal to end their prolonged trade war lifted investor sentiment.
Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than double the $2 billion valuation it attained in May, according to people familiar with the matter.
PVH Corp raised full-year adjusted profit forecast on Monday after its third-quarter results beat Wall Street expectations, powered by higher demand for its Calvin Klein and Tommy Hilfiger apparel in Europe.
Westpac Banking Corp on Tuesday said Chief Executive Brian Hartzer will be stepping down, as Australia's second-biggest bank faces the country's biggest money-laundering scandal. Chief Financial Officer Peter King will be taking over as acting CEO, effective Dec. 2.
Each of Wall Street's three major averages kicked off the trading week by closing at records on Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy sentiment.
Tiffany was codenamed "Tea" and LVMH was "Latte" in the whirlwind talks that led to the U.S. jeweler being taken over by the French luxury group for more than $16 billion, in a homage to famed film "Breakfast at Tiffany's".