 | | | | Citigroup Inc is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors. | | | | | | Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team. | | | | | | Pfizer Inc has agreed to spin off its off-patent branded drugs business and combine it with generic drugmaker Mylan NV , a move that leaves Pfizer with its more profitable innovative drugs, including cancer treatment Ibrance and pneumonia vaccine Prevnar. | | | | | | U.S. stocks backed away from record highs on Monday as investors looked forward to an interest rate cut from the U.S. Federal Reserve and for signs of progress from Shanghai, where U.S.-China trade negotiations are underway. | | | | | | Oil prices rose on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and worries about slower global economic growth. | | | | | | Germany's Bayer AG , which completed the takeover of U.S.-based Monsanto last year, has been dealt a legal blow in Brazil as more farmers joined a lawsuit challenging the protection of a key soy seed patent. | | | | | | State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn. | | | | | | The British pound touched its lowest against the dollar in over two years after Prime Minister Boris Johnson said a hard divorce from the EU was in the cards, while stocks dipped globally on Monday after last week hitting their highest in five months. | | | | | | Amsterdam-based Takeaway.com has agreed to buy Just Eat in an 8.2 billion pound ($10.1 billion) deal to create the world's largest online food delivery firm outside China in a race to rule the $100 billion market. | | | | | | Investment firm Cat Rock on Monday lauded Amsterdam-based Takeaway.com's deal to buy Just Eat in an 8.2 billion pound ($10.05 billion) deal to create one of the world's largest online food delivery firms. | | | | | |
