Bhinneka News Online: Breaking business news: Tech stocks lead Wall Street higher at open

Monday 20 November 2017

Breaking business news: Tech stocks lead Wall Street higher at open

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Monday, November 20, 2017

Tech stocks lead Wall Street higher at open

(Reuters) - U.S. stock indexes opened slightly higher on Monday, led by gains in technology stocks including Cisco and PayPal.

Bitcoin hits record high after smashing through $8,000 for first time

LONDON (Reuters) - Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight days.

Canada, Mexico to question U.S. auto content demands at NAFTA talks

MEXICO CITY (Reuters) - Canada and Mexico will not make counterproposals to U.S. demands for tougher NAFTA automotive content rules but instead will offer rebuttals and pepper American negotiators with technical questions on Monday, people familiar with the talks said.

Marvell Technology to buy smaller rival Cavium for $6 billion

(Reuters) - Chipmaker Marvell Technology Group Ltd said it would buy smaller rival Cavium Inc in a $6 billion deal, as it seeks to expand its wireless connectivity business in a fast consolidating semiconductor industry.

Nebraska to decide fate of controversial Keystone XL pipeline

LINCOLN, Nebraska/WASHINGTON (Reuters) - Nebraska regulators will announce their decision on Monday on whether to approve TransCanada Corp's Keystone XL pipeline route through the state, the last big hurdle for the long-delayed project.

Volvo Cars to supply Uber with up to 24,000 self-driving cars

STOCKHOLM/SAN FRANCISCO (Reuters) - Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars.

Alibaba goes offline with $2.9 billion stake in China's top grocer

(This story corrects title of Weiwen Han in paragraph 9 from analyst to managing partner for Greater China.)

Toshiba gains breathing room with $5.4 billion share issue to overseas investors

TOKYO/HONG KONG (Reuters) - Toshiba Corp's planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit.

Battered GE shares lure some buyers but worst may not be over

NEW YORK (Reuters) - General Electric Co shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may not be over.

Retailer Auchan says it has not been approached by Amazon in Europe

PARIS (Reuters) - French retailer Auchan [AUCH.UL] said on Monday it had not been approached by E-commerce giant Amazon about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions.