Monday, 18 March 2019

Wall St. advances ahead of Fed policy meeting

Reuters.com Newsletter

Wall St. advances ahead of Fed policy meeting

Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week's U.S. Federal Reserve meeting for affirmation of its commitment to "patient" monetary policy.

U.S. states probing Hyundai, Kia over vehicle fires: Connecticut AG

A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said on Monday.

Oil closes in on four-month highs on OPEC cuts, U.S. stock draw

Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles.

Ethiopia and Indonesia crash parallels heap pressure on Boeing

Investigators into the Boeing 737 MAX crash in Ethiopia have found striking similarities in a vital flight angle with an airplane that came down off Indonesia, a source said, piling pressure on the world's biggest planemaker.

Canada re-examining Boeing 737 MAX approval after FAA certification probe

Transport Canada is re-examining the validation it gave Boeing Co's 737 MAX jets, following reports of a U.S. probe into the aircraft's certification by the Federal Aviation Administration (FAA), Canadian Transport Minister Marc Garneau said on Monday.

U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza

By Justin George Varghese, Rachel Armstrong and Pamela Barbaglia

Warner Bros CEO Kevin Tsujihara resigns as AT&T probes 'mistakes'

Kevin Tsujihara has resigned as the head of Warner Bros as one of Hollywood's most powerful studios investigates a report that he improperly helped an actress obtain roles at the studio.

U.S. judge says Rio Tinto must face SEC fraud case

A U.S. judge on Monday rejected Rio Tinto Plc's bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project.

Former UAW vice president charged in U.S. corruption probe

U.S. prosecutors in Detroit on Monday charged a former high-ranking United Auto Workers official in charge of the labor union's relations with Fiat Chrysler (FCA) of misusing funds for lavish purchases for himself and other union officials.

Deutsche Bank merger talks with Commerzbank raise job fears, lift shares

Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel's office and top shareholders on Monday after confirming merger talks.

Top Wall Street banks working on Deutsche-Commerzbank merger: sources

Goldman Sachs and Citi are helping Germany's two biggest lenders work on their potential $28 billion-plus merger, people close to the matter said on Monday.

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