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Today's top business headlines from across the world. We thank all of the fine daily newspapers that allow the feeds. Without the daily papers, and their resources, there would not be the quality and breadth of news available to us all.


Top business headlines

Todays Top Business News
From around the world and across the street.

Uber faces probe over alleged gender discrimination: WSJ
11 minutes ago
Uber Technologies Inc is being investigated by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, the Wall Street Journal reported on Monday, citing people familiar with the matter.
[From Reuters: Business News]
Oil prices sink, keeping stocks in check; banks gain
14 minutes ago
Oil prices dropped 3 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank.
[From Reuters: Business News]
Britain's M&S to cut 351 store jobs
14 minutes ago
British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market.
[From Reuters: Business News]
BlackRock reports weaker demand for index funds, shares dip
15 minutes ago
BlackRock Inc , the world's biggest asset manager, reported smaller demand for its funds on Monday as investors fled risk, overshadowing a better-than-expected quarterly profit, and its shares dipped.
[From Reuters: Business News]
FCC chairman has 'serious concerns' about Sinclair Tribune merger
20 minutes ago
Federal Communications Commission chairman Ajit Pai said Monday he has "serious concerns" about Sinclair Broadcast Group Inc?s proposed $3.9 billion acquisition of Tribune Media Co and called for a hearing to review some disputed issues.
[From Reuters: Business News]
S&P 500 dips as weak oil prices offset earnings optimism
22 minutes ago
The benchmark S&P 500 index was marginally lower on Monday as a sharp drop in crude oil prices weighed on the energy stocks and offset a rebound in financials after Bank of America's strong results reinforced expectations of a strong earnings season.
[From Reuters: Business News]
Bank of America profit beats on consumer loan growth, lower expenses
27 minutes ago
Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
[From Reuters: Business News]
Moment of truth for Google as record EU antitrust fine looms
41 minutes ago
Google is set to face a record-busting EU antitrust fine this week over its Android mobile operating system but rivals hoping that an order to halt unfair business practices will help them may be disappointed.
[From Reuters: Business News]
Boeing says Goshawk Aviation Limited orders 20 737 max 8 jetliners
43 minutes ago
Boeing Co said on Monday that leasing company Goshawk Aviation Limited placed an order for 20 737 MAX 8 single-aisle jetliners.
[From Reuters: Business News]
UK looking to Sweden, Japan in search for partners on new fighter jet
43 minutes ago
Britain is talking to a number of potential partners for its new fighter jet project, Tempest, which it launched on Monday, a senior official in the UK's Royal Air Force told Reuters.
[From Reuters: Business News]
UK to invest two billion pounds in new fighter programme through 2025
43 minutes ago
Britain will invest 2 billion pounds ($2.7 billion) to 2025 to develop a fighter jet called Tempest that could be used with pilots or as a drone, its defence minister said on Monday, unveiling a life-sized model of the new stealthy warplane.
[From Reuters: Business News]
Jetmakers see brisk start to air show as UK tries to soothe Brexit worries
43 minutes ago
Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit.
[From Reuters: Business News]
Air France-KLM creates single joint venture with Chinese partners
50 minutes ago
Air France, KLM , China Southern Airlines and Xiamen Airlines will merge their existing joint venture agreements, the Franco-Dutch airline group said on Monday.
[From Reuters: Business News]
Fox shares drop as prospects of new Comcast bid fade
1 hour ago
Twenty-First Century Fox Inc shares dropped more than 2 percent on Monday, as investors viewed the absence of a new bid by Comcast Corp for most of Fox's assets as meaning its bidding war with Walt Disney Co for them is likely over.
[From Reuters: Business News]
Strong U.S. retail sales brighten economic outlook
1 hour ago
U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
[From Reuters: Business News]
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