Monday 15 October 2018

Cloud services provider Twilio to buy SendGrid in $2 billion deal

Cloud services provider Twilio to buy SendGrid in $2 billion deal

Cloud communications provider Twilio Inc said on Monday it would buy email marketing provider SendGrid Inc in an all-stock deal valued at about $2 billion.

Tech stocks drag down Wall St. as earnings worries weigh

U.S. stocks ended lower in a choppy trading session on Monday, dragged down by technology stocks amid lingering worries over interest rates and corporate earnings.

JP Morgan and Ford cancel plans for Saudi investor event

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi.

Bahrain minister backs boycott of Uber over Khashoggi case

Bahrain's foreign minister called for a boycott of the ride-hailing company Uber Technologies [UBER.UL] after its chief executive officer said he will not attend a business conference in the kingdom's ally Saudi Arabia.

Safe havens rise on West-Saudi tension; world stocks fall

Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over the pace of global economic growth, with investors flocking to traditional safe-havens like the Japanese and Swiss currencies, as well as gold.

Brazilian police refer ex-BRF executives to prosecutors in food probe

Brazilian police have referred two former executives of food processor BRF SA to federal prosecutors in an investigation into food safety that disrupted meat production in 2017, documents seen by Reuters showed on Monday.

Sears, once a retail titan, files for Chapter 11 bankruptcy

Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close about 142 of its 700 stores by the end of the year, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.

Many U.S. mall owners say good riddance to Sears

The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans.

Carl Icahn boosts stake in Dell IPO standoff

Activist investor Carl Icahn reported an increased 8.3 percent stake in Dell tracking stock on Monday, as he looks to block a proposed plan by the computer maker to return to the public market without an IPO.

U.S. retail sales increase modestly; consumer spending strong

U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.

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