Fears lurking everywhere from Syria to how US govt is going to pay its bills. Will this attract the bears or QE3 can still push the market higher even if it is smaller? Most importantly, how can you take advantage of this market in order to make profits out from it? Is it time to […]
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BBC News – Business- Murdoch: What next for the media mogul after Sky deal?The Australian tycoon retains a sprawling media empire across three continents despite selling Sky.
- Barrick and Randgold to create world's biggest gold minerBarrick Gold's purchase of Randgold Resources will create a company worth about $18bn.
- Oil firm in major North Sea gas discoveryThe energy company says initial tests off Shetland indicated there could be one trillion cubic feet of gas which could be extracted.
- Weight Watchers drops 'weight' from nameThe firm, backed by Oprah Winfrey, says the change to WW reflects its shift to focus on overall health.
- Oil price jumps as Opec keeps output steadyBrent crude hits four-year highs after oil-producing countries fail to agree an increase in production.
- Labour conference: John McDonnell unveils shares plan for workersJohn McDonnell announces mass share ownership scheme and sets out plan to nationalise water industry.
- Michael Kors tipped to buy Versace $2bnMichael Kors is reported to be buying the Italian fashion house founded by Gianni Versace in 1978.
- 3D-printed gun pioneer bailed after sex assault chargeCody Wilson has been released from prison in Houston after being charged with the sexual assault of an under-age girl.
- China accuses US of trade bullying as new tariffs imposedThe criticism from Beijing come hours after a new round of US tariffs on Chinese goods kicked in.
- Thomas Cook blames heatwave for profit warningThe travel firm's shares tumble after it says the heatwave meant customers stayed home to enjoy the sun.
- Murdoch: What next for the media mogul after Sky deal?
- Reuters: Business News
- UK's Debenhams can grow again, says bossThe boss of Britain's Debenhams came out fighting on Monday, saying the department store chain's troubles had been exaggerated and insisting the business has a future.
- Wall Street falls on U.S.-China trade tariff standoffOn Wall Street the S&P and the Dow closed lower on Monday after a round of U.S.-China trade tariffs kicked in, dampening last week's hopes for a resolution and investors waited for an interest rate hike ahead of a U.S. Federal Reserve meeting.
- Starbucks plans changes to company structure, layoffs: BloombergCoffee retailer Starbucks Corp is planning an organizational shakeup, including corporate layoffs, Bloomberg reported on Monday.
- Michael Kors set to snap up Italy's Versace: sourcesU.S. fashion group Michael Kors has agreed to take control of Versace in a deal that could value one of Italy's most prized designers at $2 billion, sources familiar with the matter said on Monday.
- Global stock markets fall on trade war pessimism; oil ralliesStock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply.
- Walmart, Sam's Club to put food products on blockchainWalmart and its unit Sam's Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents.
- U.S., European Union still in 'exploratory' talks on trade - EU's MalmstromThe European Union and the United States are still in exploratory talks about how they can pursue a limited trade agreement, with no real negotiations yet started, EU Trade Commissioner Cecilia Malmstrom said on Monday.
- Sirius XM to buy Pandora in $3.5 billion streaming pushSatellite radio company Sirius XM Holdings Inc will buy online music service Pandora Media Inc in a $3.5 billion all-stock deal that will help it battle growing competition from streaming rivals Spotify and Apple Music.
- United Technologies explores sale of Chubb Fire & Security: sourcesUnited Technologies Corp is exploring a sale of its Chubb Fire & Security division for more than $3 billion, people familiar with the matter said on Monday.
- Canada's Barrick Gold to buy Randgold for $6.5 billion in all-stock dealCanada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use.
- UK's Debenhams can grow again, says boss