Monday 21 May 2018

Wall Street climbs on trade war truce

Wall Street climbs on trade war truce

NEW YORK (Reuters) - U.S. stocks rose on Monday after the United States and China put their trade differences "on hold" to work on a wider agreement, while sentiment was also boosted by deal activity.

Consumer Reports finds flaws in Tesla's Model 3

(Reuters) - U.S. consumer bible Consumer Reports stopped short of recommending Tesla Inc's Model 3 sedan on Monday, criticising the car for its braking and taking the shine off a day of gains for shares in billionaire Elon Musk's venture.

GE to merge transportation unit with Wabtec in $11.1 billion deal

(Reuters) - General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business.

LaSalle Hotel accepts Blackstone's $3.7 billion cash offer

(Reuters) - LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust .

Rising oil prices help ground U.S. airline stocks; could make them cheap

NEW YORK (Reuters) - Shares of U.S. airlines have been depressed by rising oil prices this year, but their descent to relatively cheap levels could position them for takeoff.

Trade war fears ebb as U.S., China agree to continue talks

BEIJING/WASHINGTON (Reuters) - Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.

U.S. and Canadian regulators open probes into cryptocurrency scams

WASHINGTON (Reuters) - U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams.

Britain unlikely to investigate Comcast bid for Sky, says minister

LONDON (Reuters) - Britain said it was unlikely to refer Comcast's bid for Sky for a lengthy investigation after an initial review found that the $30 billion offer did not raise public concerns about media ownership.

Carl Icahn files lawsuit against AmTrust, controlling family

(Reuters) - Activist investor Carl Icahn filed a lawsuit on Monday against AmTrust Financial Services Inc and the family that controls the company, accusing them of trying to take the insurer private at the wrong time and at the wrong price.

Companies win big at U.S. top court on worker class-action curbs

WASHINGTON (Reuters) - The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees.

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