Rueters Business News

Reuters: Business News

Jeffrey Gundlach, chief executive of DoubleLine Capital, on Monday said the S&P 500 Index is headed to new lows and that U.S. equities are in a long-term bear market.

12/17/2018 1:54:33 PM

Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the bank.

12/17/2018 1:51:06 PM

Brazil's Embraer SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing Co, even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent.

12/17/2018 1:31:02 PM

Private equity firm Carlyle Group LP is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday.

12/17/2018 1:28:54 PM

Siemens and Alstom have offered to sell either one of their high-speed train technology to address EU antitrust concerns about their plan to create a Franco-German rail champion, people familiar with the matter said on Monday.

12/17/2018 1:23:30 PM

Alphabet Inc's Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America's financial capital to expand and create thousands of jobs.

12/17/2018 1:11:44 PM

Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.

12/17/2018 12:53:43 PM

U.S. ethanol producers stung by collapsing prices are seeking changes to the way benchmark values for the biofuel are established, arguing the current system used by exchanges is vulnerable to manipulation, according to sources.

12/17/2018 12:49:57 PM

Wall Street slid 1 percent on Monday, weighed down by retailers and health stocks and after DoubleLine's Jeffrey Gundlach said U.S. equities are in a long-term bear market and that the Federal Reserve should not raise rates this week.

12/17/2018 12:46:31 PM

Oil prices fell about 1 percent on Monday on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over global economic growth and fuel demand.

12/17/2018 12:00:13 PM