Visa Inc, the world's largest payments network operator, reported better-than-expected quarterly profit and revenue, boosted by the inclusion of Visa Europe's results and as customers spent more using its network.
Wall Street signalled scepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion (69.77 billion pounds) acquisition of Time Warner Inc, with shares of both companies falling as analysts scrutinized the deal.
NEW YORK A lawyer for financier Lynn Tilton on Monday blasted U.S. Securities and Exchange Commission charges that she defrauded investors in three debt funds as "ludicrous," as the agency sought to bar her from the financial industry.
Automakers should make shielding the electronic and computer systems of vehicles from hackers a priority, developing layers of protection that can secure a vehicle throughout its life, U.S. regulators said on Monday.
LONDON The British Steel Pension Scheme's deficit has shrunk to around 50 million pounds ($61 million) from around 700 million pounds earlier this year, it said on Monday, adding it had been well-position to take advantage of currency movements.
NEW YORK U.S. stocks closed higher on Monday, with the S&P 500 hitting a two-week high on the back of strong earnings and a flurry of deal activity, while the U.S. dollar hovered near a nine-month peak against other world currencies.
NEW YORK AT&T Inc shareholders who have profited for most of 2016 from owning a major telecommunications provider with a strong dividend yield are now tied to a controversial media acquisition that comes with new growth potential but also fresh risks.
ABOARD AIR FORCE ONE The White House on Monday said it will be up to independent federal regulators to decide whether to carry out a formal review of AT&T Inc's planned acquisition of Time Warner Inc.
NEW YORK Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts.
MILAN Italy's Monte dei Paschi di Siena has postponed the release of a statement on a capital-boosting strategic plan and third-quarter results to Tuesday, sources close to the matter said, without giving a reason for the delay.