 | | | | Insurer American International Group Inc on Monday named President Peter Zaffino as its new chief executive officer, and said it plans to spin off the life and retirement business unit from the parent company. | | | | | | U.S. stocks tumbled on Monday in thin trade, with the S&P 500 posting its biggest daily decline in four weeks, as soaring coronavirus cases and uncertainty about a fiscal relief bill in Washington dimmed the outlook for the U.S. economic recovery. | | | | | | Stocks across the globe posted their biggest decline in a month on Monday as surging coronavirus cases in Europe and the United States clouded the world economic outlook, giving the U.S. dollar a safe-haven boost. | | | | | | Wall Street's indexes tumbled on Monday, with the S&P 500 on track for its worst day in more than a month, as soaring coronavirus cases and a deadlock in Washington over a fiscal aid bill darkened the economic outlook eight days before the Nov. 3 presidential election. | | | | | | Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards. | | | | | | U.S. restaurant chains including Starbucks Corp and Taco Bell parent Yum Brands Inc could show a sales recovery as consumers resume normal activities, but higher wages, commodity and COVID-19-related costs will likely weigh on earnings. | | | | | | Oil prices fell more than 3% on Monday, extending last week's losses as coronavirus cases continued to surge in the United States and Europe, while Libya's rebound in crude production raised fears of oversupply. | | | | | | Ant Group Co Ltd is poised to raise up to $34.4 billion in the world's largest stock market debut as investors rush to buy into the fast-growing Chinese fintech giant despite risks of greater scrutiny at home and abroad. | | | | | | Holiday shoppers braving the coronavirus pandemic to buy gifts in person are checking which stores are naughty or nice in terms of public health, a worldwide survey released on Monday showed. | | | | | | U.S. aircraft parts maker Spirit AeroSystems said on Monday it reached a deal with Bombardier Inc to cut the cash component of a deal to buy the Canadian planemaker's aerostructures unit by 45% to $275 million as COVID-19 weighed on the aerospace sector. | | | | | |
