Stocks News

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.

SAO PAULO (Reuters) – Brazilian retailer Americanas said on Monday it was holding periodic meetings with creditors as it looks for a deal to settle its debts, although no agreement has been reached yet.

By Selena Li HONG KONG (Reuters) – An activist Hong Kong investor’s demand for HSBC Holdings PLC to spin-off its Asia business and increase dividend payouts will be in focus as the London-headquartered bank holds a meeting with shareholders in its biggest market.

Canada’s main stock index edged up on Monday, tracking strength in crude oil prices, while investors watched out for March manufacturing activity data due later in the day.

(Reuters) – M&G Investments will vote against a takeover of British events group Hyve PLC, along with two other shareholders who think the bid significantly undervalues the international exhibition company, the Financial Times reported on Monday.

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The new head of Sumitomo Mitsui Banking Corp (SMBC) said the Japanese bank is watching closely for chances to buy assets in the United States, adding that the latest banking crisis hasn’t dented its confidence in the

(Reuters) – Movie chain operator Cineworld Group said on Monday it will terminate the sale process for its U.S., UK and Ireland businesses after failing to find an all-cash buyer, while also reaching a conditional deal with lenders to exit bankruptcy.

A look at the day ahead in U.S. and global markets from Mike Dolan

KUALA LUMPUR (Reuters) – Malaysia is prepared to negotiate with China over a dispute between them in the South China Sea, state news agency Bernama reported on Monday, citing Prime Minister Anwar Ibrahim.