Citi combines its stock trading and prime brokerage business

Citigroup Inc is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors.

Uber lays off 400 employees in marketing team

Ride-hailing company Uber Technologies Inc said on Monday it laid off 400 people globally from its marketing team.

Pfizer to spinoff, merge off-patent drugs unit with Mylan

Pfizer Inc has agreed to spin off its off-patent branded drugs business and combine it with generic drugmaker Mylan NV , a move that leaves Pfizer with its more profitable innovative drugs, including cancer treatment Ibrance and pneumonia vaccine Prevnar.

Wall Street mixed as Amazon, Facebook weigh

U.S. stocks backed away from record highs on Monday as investors looked forward to an interest rate cut from the U.S. Federal Reserve and for signs of progress from Shanghai, where U.S.-China trade negotiations are underway.

Oil edges up on prospect of U.S. interest rate cut

Oil prices rose on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and worries about slower global economic growth.

Germany's Bayer dealt new legal blow as more Brazil farmers challenge soy patent

Germany's Bayer AG , which completed the takeover of U.S.-based Monsanto last year, has been dealt a legal blow in Brazil as more farmers joined a lawsuit challenging the protection of a key soy seed patent.

Exclusive: India's SBI tightens lending terms for auto dealers - source, internal memo

State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.

Brexit worries knock sterling; stocks slip

The British pound touched its lowest against the dollar in over two years after Prime Minister Boris Johnson said a hard divorce from the EU was in the cards, while stocks dipped globally on Monday after last week hitting their highest in five months.

Takeaway.com lands $10 billion Just Eat deal in food delivery race

Amsterdam-based Takeaway.com has agreed to buy Just Eat in an 8.2 billion pound ($10.1 billion) deal to create the world's largest online food delivery firm outside China in a race to rule the $100 billion market.

Activist investor Cat Rock calls Just Eat, Takeaway.com deal 'excellent news'

Investment firm Cat Rock on Monday lauded Amsterdam-based Takeaway.com's deal to buy Just Eat in an 8.2 billion pound ($10.05 billion) deal to create one of the world's largest online food delivery firms.

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