Stocks News

By Jessica DiNapoli and Hilary Russ NEW YORK (Reuters) – The number of corporate employees McDonald’s Corp plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a

By Scott DiSavino (Reuters) – U.S. natural gas prices last week plunged to a 30-month low, crossing below $2 per million British thermal units (mmBtu) for the second time this year, even as some producers have cut drilling to stave off further convulsions.

(Reuters) – The International Seabed Authority will start accepting applications in July from companies that want to mine the ocean’s floor, a decision that came after the U.N. body spent the past two weeks debating standards for the new and controversial practice.

By Matt Tracy and Abigail Summerville WASHINGTON (Reuters) – A Goldman Sachs Group Inc-led group of banks will hold an investor call on Monday to sell $3.8 billion in Citrix Systems bonds, according to two sources familiar with the matter, in a sign that the market

By Julie Steenhuysen CHICAGO (Reuters) – The U.S. National Institute on Aging (NIA) is funding a 6-year, up to $300 million project to build a massive Alzheimer’s research database that can track the health of Americans for decades and enable researchers to gain new insights on

By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. government announced on Friday a lower than expected 1.1% average cut of 2024 reimbursement rates for health insurers that offer coverage through the Medicare Advantage program, boosting shares of the market’s largest players.

By Ira Dugal and Ankur Banerjee MUMBAI (Reuters) – Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month buying necessities like groceries, clothes and gadgets, all by tapping a few buttons on his

LONDON (Reuters) – Credit Suisse and UBS shares fell on Monday after Switzerland’s Federal Prosecutor opened an investigation into the emergency merger of the two lenders.

By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission (FTC) on Monday ordered Illumina to divest cancer diagnostic test maker Grail, finding that its ownership would stifle competition in the U.S. market for cancer tests.

(Reuters) – World Wrestling Entertainment Inc will combine with Endeavor Group-owned mixed martial arts franchise UFC to form a new, publicly listed entertainment giant valued at about $21 billion, the companies said on Monday.

(Reuters) – General Motors Co on Monday reported a 17.6% rise in its first-quarter U.S. auto sales as pent-up demand for personal transport continued to outpace supply.

(Reuters) – Toyota Motor Corp reported a drop in quarterly U.S. auto sales on Monday, as it struggled to get enough cars and trucks to dealers due to inflationary pressures and chip shortages.

By Andreas Rinke and Luiza Ilie BUCHAREST – German Chancellor Olaf Scholz visited Romania on Monday to underscore Western support for a key NATO ally that borders Ukraine and also for neighbouring Moldova, which has looked especially vulnerable since Russia’s invasion last year.

(Reuters) – Canadian telecommunications company Rogers Communications Inc said on Monday it closed the C$20 billion ($14.87 billion) deal to acquire Shaw Communications.

By Tim Hepher and Michel Rose PARIS (Reuters) – European planemaker Airbus is negotiating a new round of plane orders with China, coinciding with a visit by French President Emmanuel Macron to the economic superpower later this week, government and industry sources said.

By Leika Kihara TOKYO (Reuters) – Asia’s factory activity weakened in March as soft overseas demand hurt output, surveys showed on Monday, suggesting that a deteriorating global outlook will remain a drag on the region’s recovery and keep policymakers on their toes.

(Reuters) – Tesla Inc shares fell about 4% on Monday, dragged down by growing worries about the electric-vehicle maker’s profit margins after aggressive price cuts led to only a modest increase in quarterly deliveries.

By Maiya Keidan and Divya Rajagopal TORONTO (Reuters) – Canada’s move to clear Rogers Communications Inc’s C$20 billion ($15 billion) bid for Shaw Communications Inc after two years should have been a balm to markets. Instead, dealmakers are worried about potential government intervention in mergers involving

(Reuters) – Logistics and transportation company Ryder System Inc said on Monday it plans to add 4,000 electric vans to its lease and rental fleet through 2025, with some vehicles to be available as early as this summer.

By John Revill ZURICH (Reuters) – Sight deposits held by the Swiss National Bank declined last week, data showed on Monday, suggesting that Credit Suisse and UBS may have cut back on use of emergency funds offered them to facilitate their planned merger.