 | | | | General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. | | | | | | Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd , which accused them of abandoning a contract related to its planned construction of the first Fox-branded theme park. | | | | | | Oil prices rose nearly 3 percent on Monday, clawing back some of last week's steep losses, but gains were capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production. | | | | | | Wall Street bounced back on Monday, lifted by expectations that retailers raked in online sales 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. | | | | | | Airbus is poised to resume stalled deliveries of jets to China's debt-laden HNA Group, an Airbus schedule showed on Monday, but deliveries of over $1 billion of large jets remain behind schedule after months of wrangling over late payments. | | | | | | Wall Street bounced back on Monday as bargain hunters returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. | | | | | | General Motors Co on Monday pulled the plug on the Chevrolet Volt hybrid and the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off. | | | | | | U.S. President Donald Trump said on Monday he expects to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from 10 percent currently. | | | | | | U.S. President Donald Trump demanded General Motors Co add a new product to replace a plant in Ohio that the company said it planned to close next year due to lagging small-car demand. | | | | | | The incoming chief executive of Europe's Airbus hinted on Monday at a decision next year on whether to launch the A321XLR, a longer-range version of its best-selling A321 single-aisle jet. | | | | | |
