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Updated: 1 hour 21 min ago

FCC raises concerns about Sinclair-Tribune deal; shares skid

Mon, 07/16/2018 - 7:13pm
Federal Communications Commission Chairman Ajit Pai said on Monday he had "serious concerns" about Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , a surprise move which could potentially scuttle the deal and sent shares of both companies tumbling.

Netflix shares tank after big miss on subscriber growth

Mon, 07/16/2018 - 6:37pm
Netflix Inc's subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company's rapid expansion is slowing.

Putin says he told Trump that Russia prepared to extend START treaty: Fox News

Mon, 07/16/2018 - 6:17pm
Russian President Vladimir Putin said in an interview broadcast on Monday that he told U.S. President Donald Trump that Russia is prepared to extend the New START nuclear treaty that expires in 2021.

Bank of America profit beats on consumer loan growth, lower expenses

Mon, 07/16/2018 - 4:28pm
Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.

U.S. judge suspends deportations of reunited immigrant families

Mon, 07/16/2018 - 4:27pm
A U.S. judge temporarily barred the U.S. government on Monday from the rapid deportation of immigrant parents reunited with their children, while a court considers the impact on children's rights to seek asylum.

Shock as Trump backs Putin on election meddling at summit

Mon, 07/16/2018 - 4:21pm
Standing side-by-side with Vladimir Putin, U.S. President Donald Trump on Monday refused to blame the Russian leader for meddling in the U.S. 2016 election, casting doubt on the findings of his own intelligence agencies and sparking a storm of criticism at home.

U.S. lawmakers slam Trump as 'weak,' 'cowardly' in summit with Putin

Mon, 07/16/2018 - 4:21pm
Leading U.S. lawmakers, including numerous Republicans, harshly criticized President Donald Trump on Monday for failing to confront Russian President Vladimir Putin over Moscow's meddling in the 2016 U.S. election as the two presidents of nuclear powers stood side-by-side at a joint press conference.

Mnuchin says U.S. to consider waivers on Iran sanctions

Mon, 07/16/2018 - 4:18pm
The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran as it seeks to avoid disrupting global oil markets while reimposing sanctions against Tehran, U.S. Treasury Secretary Steven Mnuchin said.

New York probes alleged tenant harassment by Jared Kushner's family firm

Mon, 07/16/2018 - 4:08pm
The administration of New York Governor Andrew Cuomo has opened a probe into allegations that the real estate firm once led by U.S. President Donald Trump's son-in-law Jared Kushner harassed tenants at one of its largest residential buildings.

Jetmakers see brisk start to air show as UK tries to soothe Brexit worries

Mon, 07/16/2018 - 4:07pm
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.

Pratt & Whitney promises to meet engine production demands

Mon, 07/16/2018 - 4:07pm
United Technologies Corp Chief Executive Greg Hayes said on Monday his company's Pratt & Whitney unit will be able to overcome supply chain problems to ramp up engine production next year as planemakers' orders swell.

Trump, after Helsinki summit, says he has confidence in U.S. intelligence

Mon, 07/16/2018 - 3:56pm
U.S. President Donald Trump, facing a barrage of criticism for his comments during a news conference in Helsinki with Russian President Vladimir Putin, insisted in a post on Twitter on Monday that he has "GREAT confidence in MY intelligence people."

U.S. lawmakers condemn Trump over Helsinki summit with Putin

Mon, 07/16/2018 - 3:54pm
A wave of condemnation by U.S. lawmakers from both Republican and Democratic parties followed President Donald Trump's failure at a Helsinki summit to warn Russian President Vladimir Putin about meddling in the 2016 U.S. election.

Netflix shares tank after subscriber numbers miss targets

Mon, 07/16/2018 - 3:44pm
Netflix Inc's subscriber growth and forecast fell short of Wall Street expectations, sending shares of the normally high-flying stock crashing 14 percent on Monday.

Oil's 4 percent tumble weighs on energy shares; banks rally

Mon, 07/16/2018 - 3:23pm
The price of oil tumbled more than 4 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.

Ford agrees to $299.1 million U.S. Takata air bag settlement

Mon, 07/16/2018 - 3:20pm
Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.

U.S. arms makers praise new U.S. weapons export policy

Mon, 07/16/2018 - 2:59pm
U.S. arms makers attending the Farnborough Airshow in Britain on Monday lauded the U.S. government's push to sell more weapons overseas and said they expected European defense spending to increase in the coming years.

FCC raises concerns about Sinclair-Tribune deal, shares fall

Mon, 07/16/2018 - 2:24pm
Federal Communications Commission Chairman Ajit Pai questioned Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , in a surprise decision that could potentially scuttle the deal and sent shares of both companies tumbling.

U.S. launches five WTO challenges to retaliatory tariffs

Mon, 07/16/2018 - 2:18pm
The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum.

Top Senate Democrat urges sanctions, hearings after Trump-Putin summit

Mon, 07/16/2018 - 2:11pm
U.S. Senate Democratic Leader Chuck Schumer called for a bipartisan effort to "ratchet up" sanctions on Moscow following U.S. President Donald Trump's summit with Russian President Vladimir Putin in Helsinki earlier on Monday.