 | | | | General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. | | | | | | Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs. | | | | | | Europe's Airbus delivered its first A330neo jet to TAP Portugal on Monday as it seeks to trump U.S. rival Boeing in the fiercely competitive battle at the lower end of the market for long-haul jets. | | | | | | U.S. President Donald Trump told the Wall Street Journal on Monday that General Motors Co should stop making cars in China and make them in the United States instead. | | | | | | Oil prices rose nearly 3 percent on Monday, clawing back some of last week's steep losses, although gains were capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production. | | | | | | U.S. stocks rose on Monday, fueled by gains in retailer shares during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fueled tensions with the European Union. | | | | | | Hundreds of workers walked off the job and Canadian Prime Minister Justin Trudeau expressed "deep disappointment" after General Motors Co on Monday announced the closure of its Oshawa plant, catching governments and employees by surprise. | | | | | | General Motors in Brazil will not announce plans to close plants outside North America "at this moment", a representative for the company said on Monday. | | | | | | Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has all but lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp . | | | | | | Wall Street rebounded on Monday as buyers returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of online retailers. | | | | | |
