August 6, 2018

Arista to pay $400 million to Cisco to resolve court fight

Arista Networks Inc will pay $400 million to Cisco Systems Inc to resolve a U.S. court fight between the two network equipment makers, Arista said in […]
August 6, 2018

Mexico minister says U.S. studying NAFTA rules of origin proposal

Mexico’s economy minister Ildefonso Guajardo said on Monday that the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules […]
August 6, 2018

PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO

PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, handing the reins to a veteran who led the company’s fast-growing […]
August 6, 2018

Strong earnings, Facebook drive Wall Street higher

The S&P 500 rose on Monday as results from Berkshire Hathaway boosted optimism about a strong earnings season, while gains for Facebook on a report that […]
August 6, 2018

Tyson beats profit estimates, but trade spats threaten sales

Tyson Foods Inc , the No. 1 U.S. meat processor, beat analysts’ quarterly profit estimates on Monday due to strong demand for beef, but executives warned […]
August 6, 2018

BMW Korea apologizes as 27 vehicles catch fire over January-July

BMW’s South Korean unit apologized over a spate of engine fires, estimated by the country’s transport ministry at 27 over January to July, that has prompted […]
August 6, 2018

Stocks dip as trade fears offset earnings; sterling slumps, dollar gains

World stock markets broadly edged lower on Monday as concerns of a further escalation of a trade fight between the United States and China offset corporate […]
August 6, 2018

Oil up after OPEC sources say Saudi crude output fell

Oil futures rose on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States […]
August 6, 2018

Wynn Resorts settles with Elaine Wynn, names industry veteran vice-chairman

Casino operator Wynn Resorts on Monday named industry veteran Phil Satre its vice-chairman, in a symbolic victory for largest shareholder Elaine Wynn, who has been pushing […]
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