Tillerson takes stand at Trump ally Barrack's foreign agent trial

investing.com By Luc Cohen NEW YORK - Former U.S. Secretary of State Rex Tillerson took the stand on Monday as a prosecution witness in the trial of Tom Barrack, the private equity executive and onetime fundraiser for Donald...

Anthem must face U.S. government lawsuit alleging Medicare Advantage fraud

investing.com By Jonathan Stempel NEW YORK - A federal judge ordered Anthem Inc to face a U.S. government lawsuit claiming it submitted inaccurate diagnosis data, enabling the health insurer to fraudulently collect tens of...

Lyft and Uber Debate Should Turn to Multi-Year Top-Line Growth

investing.com By Sam Boughedda Morgan Stanley analysts cut Uber and Lyft 's (NASDAQ:LYFT) price targets on Monday but remained Overweight on the stocks. They cut the price target on Uber to $54 from $70 per share and Lyft to $24...

GM to boost EV Chevrolet Bolt production

investing.com By David Shepardson WASHINGTON - General Motors Co (NYSE:GM) said Monday it is ramping up its electric vehicle assembly plans, hiking production of the EV Chevrolet Bolt and other vehicles. GM reported its highest...

Germany stocks higher at close of trade; DAX up 0.79%

investing.com Investing.com – Germany stocks were higher after the close on Monday, as gains in the Utilities, Telecoms and Media sectors led shares higher. At the close in Frankfurt, the DAX rose 0.79%, while the MDAX index...

UBS credit default swaps hit decade high after Credit Suisse blow out

investing.com LONDON - The cost of insuring exposure to debt issued by Swiss lender UBS rose to a decade high on Monday after peer Credit Suisse was caught in the market spotlight amid concerns about its ability to revamp its...

Meatpacker JBS to close U.S. plant-based foods business Planterra

investing.com CHICAGO - The North American arm of Brazilian meatpacker JBS SA (OTC:JBSAY) is closing its U.S. plant-based foods business Planterra Foods after about two years, the company said on Monday. JBS will focus on its...

Ben & Jerry's says parent co Unilever 'covertly' took trademarks

investing.com By Jessica DiNapoli NEW YORK - Ben & Jerry's says parent company Unilever (NYSE:UL) Plc wrongly transferred brand names out of reach of its independent board more than 20 years ago in an updated lawsuit over its...

U.S. allows transactions with two Venezuelan baseball teams

investing.com CARACAS - The U.S. Treasury Department has granted licenses allowing transactions with two Venezuelan baseball teams, the local Baseball League and two sources said on Friday. The move will let the teams in the...

Analysis-Mexico data hack exposes government cybersecurity vulnerability

investing.com By Diego Oré MEXICO CITY - A major hack into classified government information in Mexico, including thousands of emails from the armed forces, exposed the country's vulnerability to cyberattacks due to...

S.Korea Aug factory output shrinks more than expected, retail sales jump

investing.com SEOUL - South Korea's factory production shrank for a second month in August, missing expectations, while retail sales jumped, government data showed on Friday. The country's industrial output fell 1.8% on a...

Fed's Daly: 'Comfortable' with 4.5%-5% Fed policy rate in 2023

investing.com - San Francisco Federal Reserve Bank President Mary Daly on Thursday said she believes it will take raising interest rates to a 4.5%-5% range and holding them there through the end of 2023 to get inflation under...

U.S. lawmakers promise more money, weapons as Ukraine faces 'Hurricane Putin'

investing.com By Patricia Zengerle WASHINGTON - Democratic and Republican U.S. lawmakers said on Thursday they wanted to continue the flow of money and weapons for Ukraine's battle against Russia's invasion, denouncing Moscow's...

Fed needs ways to adjust its balance sheet faster, says Daly

investing.com - The U.S. central bank needs to learn to be more nimble with its massive balance sheet, San Francisco Federal Reserve Bank President Mary Daly said on Thursday, citing lessons learned from late last year when the...

Fed's Daly: no U.S. recession needed to defeat high inflation

investing.com - The Federal Reserve needs to slow the U.S. economy and take the heat out of the strong jobs market to bring down corrosively high inflation, San Francisco Fed chief Mary Daly said on Thursday, but it doesn't need...