It has been a bloody last week that wipe out the entire gains since mid-December. Now with the bear appearing in full force, is this just a pullback to continue the uptrend or is this a potential change of trends? What can happen this week that can change the market? This week highlighted several futures, […]
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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