 | | | | World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. | | | | | | A University of Chicago-trained economist named on Monday as the next chief of Brazil's Petrobras has quickly thrown his support behind the sale of the state oil company's non-core assets and called for it to focus on exploration and production. | | | | | | U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. | | | | | | Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts. | | | | | | The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions under scrutiny. | | | | | | Deutsche Bank processed payments for Danske Bank in Estonia but ended the relationship in 2015 after it found suspicious activity, a spokesman for the German lender said on Monday. | | | | | | General Electric Co shook up its ailing power business again on Monday, naming a CEO for its new gas-power division and bringing a veteran GE executive back from retirement to help. | | | | | | Apple Inc has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources. | | | | | | Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with online grocer Ocado Group Plc in a bid to dominate the U.S. grocery delivery business. | | | | | | American Airlines pilots union on Monday urged the carrier to begin negotiations for a new labor contract in January to boost compensation. | | | | | | French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.4 billion to resolve pending legal disputes. | | | | | |
