General Motors is considering options for its stake in Lyft, potentially worth about $1.27B, as the ride-hailing company is moving towards its initial public offering on March 29.
Late on Monday the Attorney General of Connecticut announced that a group of US states are investigating the recent Kia and Hyundai actions in regards to vehicle fires.
On Tuesday, Netflix announced that it will not make its movies and shows available on Apple TV. Netflix intends to compete with the upcoming Apple platform instead of working with it.
Hyundai Motor Company and Kia Motors Corporation have announced that they will invest $300 million in the Indian ride hailing start up Ola.
On Tuesday, it was announced by Philippines authorities that they have rejected an appeal made by the Indonesian ride-hailing firm Go-Jek. The firm will not be granted a license to operate in the country.
Kwasi Kwarteng, a junior Brexit Minister, said that the United Kingdom would seek Brexit delay ahead of the EU summit in March.
A US District Judge in Manhattan said that Rio Tinto Plc's must face the US Securities and Exchange Commission fraud lawsuit.
European shares extended its gains for the fourth consecutive trading session. The main reason for this surge was the ongoing merger talks between Commerzbank and Deutsche Bank.
The Speaker of UK's Parliament John Bercow has blocked an attempt by Prime Minister Theresa May to hold another vote on her Brexit deal this week.
After the scandals that hit Danske Bank in 2018, the upper management of the bank have announced that they will waive their bonuses for last year. The waiving of the bonuses is unlikely going to pay for the losses that are expected due to the 200 billion euro scandal.
On Monday, the Speaker of the UK Parliament announced that the government cannot submit the same Brexit deal. The deal has to be changed, if it is to be voted upon.
The Mexican government on Monday announced that it will invite four firms to bid for the construction of the state owned oil company's Pemex refinery in Dos Bocas. The new refinery is expected to increase production in Mexico, decrease demand for imports and slightly decrease global oil prices.
During the US trading session on Monday crude oil price benchmarks moved higher. The main reason for the surge were the expected OPEC led oil production cuts.
On Monday, the President of Iran announced that the Iranian government will file a case against the US in an international court. Iran intends to once more complain of the sanctions imposed on the country by the United States.
The Prime Minister of France announced that the yellow vest protests will be banned next Saturday, if the police spot the presence of radical groups. The change of policy might suppress the protests.
On Monday, as Commerzbank and Deutsche Bank were in merger talks, the stock prices of both of the companies increased. The main reason for this surge was the expected consolidation of fixed costs.
Commerzbank, which is in merger talks with Deutsche Bank, announced on Monday that it wants clarity on the merger during the next two to three weeks. The final announcement is set to cause immediate adjustments in the stock prices of both of the companies.
The drug maker Sanofi announced to Reuters on Monday that it is looking for a new CEO. The reason for the announcement is that the company has an age limit of 65 for its CEO. The current CEO will be 65 in February 2021.
At the start of the US trading session Boeing stock price declined. The reason for the decline were the increasing worries caused by the two recent crashes of new Boeing airplanes.
The US finance stocks surged on Monday. Some explained the surge with the upcoming Federal Reserve announcement. It was expected by the markets that the Fed would announce interest rate hikes, which would eventually boost the profits of financial firms.
On Monday, the President of the Russian Federation singed the law, which allows Russian authorities to fine anyone, who spreads "fake news" or disrespects the state. The law is set to decrease the free flow of information on the internet in Russia, which is expected to hit tech companies.
Newell Brands is planning to a sale of is Processing Solutions business unit to the private equity group One Rock Capital Partners in a deal valued at $500M, as the company seeks to cut its costs.
On Monday, the reinsurance firm Swiss Re stated it had helped insure the planemaker Boeing and the carrier Ethiopian Airlines amid an inquiry launched into the fatal crash that claimed lives of 157 people.
On Monday, 3M announced it would reduce its business from five to four units on the back of restructuring, as the company sought to boost growth and increase customer focus.