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McDonald's says Easterbrook eligible for six months severance pay

McDonald's Corp said on Monday former Chief Executive Officer Steve Easterbrook was eligible for six months of severance pay, as part of his termination agreement with the company.



5 years ago

ArcelorMittal's withdrawal from Ilva deal over legal shield is an alibi: minister

Italy's industry minister called the decision by AcelorMittal to withdraw from a deal to buy Italian steelmaker Ilva on the grounds Rome had lifted immunity from prosecution over pollution issues "an alibi".



5 years ago

Resurgent Boeing 737 MAX could trigger jet surplus, analyst warns

Airlines that have been forced to rejig operations due to the grounding of the 737 MAX could face a markedly different problem when Boeing Co's best-selling jet is finally cleared to re-enter service: a gradual switch to concerns about oversupply, a leading analyst warned on Monday.



5 years ago

U.S. banks keep business loan standards steady in third-quarter

Loan officers at U.S. banks reported keeping lending standards for business loans mostly unchanged in the third quarter but they tightened the terms for commercial real estate loans, a Federal Reserve survey showed on Monday.



5 years ago

German carmaker Audi to increase engine production in Hungary: minister

German carmaker Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Hungarian Foreign Minister Peter Szijjarto said on Monday.



5 years ago

'I care' — billionaire investor tears up talking about America, Elizabeth Warren and Donald Trump

Cooperman teared up on Monday as he discussed the political divide in the U.S. and his concerns about the American dream.

5 years ago

BCSC acts to protect customers of Einstein Exchange crypto-asset trading platform

BCSC | Nov 4, 2019 Vancouver – The British Columbia Securities Commission (BCSC) has taken action to protect customers of Einstein Exchange, a crypto-asset trading platform based in Vancouver. On November 1, the BCSC applied to the Supreme Court of British Columbia for an order appointing an interim receiver to preserve and protect any assets

5 years ago

Caterpillar lays off 120 temporary workers in Texas -spokeswoman

Caterpillar Inc said on Monday it has laid off 120 temporary workers at a plant in Texas following its decision to reduce production.



5 years ago

Wall St. extends recent gains on trade deal optimism

U.S. stocks rose on Monday, hitting record highs again on hopes of a U.S.-China trade deal and an improving domestic economy.



5 years ago

Global stocks rise on trade hopes, dollar gains on risk appetite

The dollar strengthened and global stock markets rallied on Monday on signs the United States and China are nearing the end of a damaging trade war as well as indications the world economy may yet dodge a recession.



5 years ago

Bank of America to hike minimum wage for all employees to $20 per hour a year ahead of schedule

Bank of America decided to move up an increase in the company's minimum to early 2020 from 2021.

5 years ago

Oil rises on U.S.-China hopes and improved outlook

Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month.



5 years ago

Stocks gain on trade hopes, risk appetite lifts dollar

The dollar strengthened and global stock markets rallied on Monday on signs the United States and China are nearing the end of a damaging trade war as well as indications the world economy may dodge a recession.



5 years ago

Indexes hit closing records amid further trade deal optimism

All three major U.S. stock indexes posted record closing highs on Monday, extending a recent run of gains on further hopes of a U.S.-China trade deal.



5 years ago

U.S. House Democrats say Boeing CEO testimony prompts new questions

The chairman of the U.S. House Transportation and Infrastructure Committee and the head of its aviation subcommittee said on Monday that Boeing's testimony on two fatal 737 MAX crashes prompted new questions.



5 years ago