Monday, 5 October 2020

Engie agrees to sell Suez stake despite French state's dissent

Engie agrees to sell Suez stake despite French state's dissent

French utility Engie agreed to sell most of its stake in waste and water firm Suez to Veolia , paving the way for a takeover in spite of a contrarian vote from the French government at its board meeting on Monday.

Wall Street gains as Trump to leave hospital, investors hope for stimulus

U.S. stocks rose sharply on Monday, recovering from declines in the previous session, as investors viewed more fiscal stimulus as likely and after news President Donald Trump will leave the hospital where he is being treated for COVID-19.

U.S. commercial bankruptcies up 33% year to date

U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small businesses, data released on Monday showed.

Cisco must pay $1.9 billion in patent lawsuit - U.S. judge

A U.S. judge on Monday ordered Cisco Systems Inc to pay $1.9 billion after a Virginia company accused it of infringing patents related to complex computer network security functions.

Slack says some users facing performance glitches on app

Slack Technologies Inc said on Monday some of it users were facing faulty performance on its workplace messaging platform, which is widely used by employees working remotely during the COVID-19 pandemic.

Bank of America wades into digital financial planning space

Bank of America Corp said on Monday it is rolling out a digital financial planning tool, wading into a space that has so far been dominated by fintech companies.

U.S. stocks, crude advance as stimulus talks, Trump's improving health boost risk appetite

Growing risk appetite helped push U.S. stocks and crude prices higher on Monday as renewed optimism surrounding stimulus negotiations and news of President Donald Trump's health progress helped calm investor anxiety.

FCC chairman stands by net neutrality repeal after appeals court ruling

Federal Communications Commission Chairman Ajit Pai said on Monday he stands by the agency's repeal of landmark net neutrality rules and circulated a proposal to address three issues raised by a U.S. appeals court.

Cineworld brings down curtain on U.S., UK theaters; 45,000 jobs hit

Cineworld , the world's second-biggest cinema chain, will close its UK and U.S. movie theaters this week, leaving as many as 45,000 workers unemployed for the foreseeable future as it fights to survive a coronavirus collapse in film-making and cinema-going.

Bleeding cash, Cineworld boss says no choice but to shut sites

The chief executive of Cineworld said he had no choice but to close UK and U.S. sites because the cinema chain was bleeding too much cash to keep them open.

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