 | | | | Wells Fargo & Co will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters. | | | | | | Declines in big tech and Internet stocks such as Amazon pushed the Nasdaq lower on Monday, while strength in financial shares mitigated declines for the S&P 500 as investors grappled with a recent spike in market volatility. | | | | | | An early gain on Wall Street fizzled and sent global stocks lower on Monday as investors remained cautious despite IBM's $34 billion deal to purchase Red Hat Inc and Standard & Poor's decision to keep Italy's credit rating unchanged. | | | | | | Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, after Russia signaled that output will remain high and as concern over the global economy fueled worries about demand for crude. | | | | | | A five-year old Chinese smartphone company whose high-end products are little known outside a tech-savvy niche is entering the U.S. market on Monday with the backing of two key local allies: chipmaking giant Qualcomm and mobile operator T-Mobile. | | | | | | IBM Corp's $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker about 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids. | | | | | | Alphabet Inc's Google announced on Monday that it would grant about $25 million globally next year to humanitarian and environmental projects seeking to use artificial intelligence (AI) to speed up and grow their efforts. | | | | | | Airbus will have to equal a record final quarter for deliveries if the European planemaker is going to meet its overall 2018 targets following a series of production setbacks. | | | | | | General Motors Co said it favors an annual increase in fuel-efficiency standards based on "historic rates" rather than tough Obama era rules or a Trump administration proposal that would freeze requirements. | | | | | | Shares of U.S. automakers rose on Monday after a report that China was considering halving its car purchase tax to 5 percent to support its struggling auto industry, which has been hit hard by the ongoing Sino-U.S. trade war. | | | | | |
