Oil settles higher on Chinese factory data, U.S. stimulus hopes

Oil settled higher on Monday, supported by data suggesting Chinese factories were returning to pre-pandemic levels, signs of rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.

Equinor appoints new CEO to speed up renewable investments

Equinor has appointed Anders Opedal as its new chief executive as the Norwegian oil and gas group looks to speed up a move into renewable energy.

Dow, S&P 500 up; tech-related shares underperform value

The S&P 500 and Dow rose on Monday, as investors rotated into value stocks from heavyweight tech-related names while they awaited news on progress in a fiscal support bill for the country's battered economy.

Dollar gains after weeks of losses as investors focus on U.S. aid package

The dollar rose on Monday, including against major currencies such as the euro and Swiss franc, as investors focused on the fiscal stimulus plan in the United States and U.S.-China tensions ahead of key trade talks this week.

Fiat Chrysler asks judge to deny GM request to reopen racketeering case

Fiat Chrysler Automobiles NV (FCA) on Monday asked a U.S. federal judge to dismiss a request from General Motors Co to reinstate a racketeering lawsuit against its smaller rival, comparing a recent GM filing to a "third-rate spy movie, full of preposterous allegations."

U.S. loan to Kodak will not proceed unless allegations cleared: White House

The U.S. government will not proceed with a $765 million loan to Eastman Kodak Co to make drugs at its U.S. factories unless the company is cleared of alleged wrongdoing in circumstances surrounding the announcement of the loan, the White House said on Monday.

Kodak shares plunge after U.S. blocks $765 million loan deal

Shares of Eastman Kodak Co fell about 40% on Monday and were on track for their worst single-day decline after the U.S. government blocked a $765 million loan to the company, which was going to make drug ingredients for use in possible COVID-19 vaccines, because of "alleged wrongdoing" by executives.

Exxon Beaumont, Texas, union to ask for talks over planned 401k change: sources

Unionized employees at Exxon Mobil Corp’s refinery and chemical plant in Beaumont, Texas, will seek negotiations with the company over plans to suspend the employer contribution to their 401K retirement savings plan, sources familiar with the matter said.

Facebook, Microsoft gripes with Apple's App Store on EU's antitrust radar

Facebook and Microsoft's grievances over how their gaming apps appear on Apple's App Store may feed into an EU investigation into the iPhone maker's business as EU antitrust regulators said such concerns are on their radar.

Explainer: Microsoft's TikTok bid spotlights Windows maker's history with China

Microsoft Corp has emerged as the most likely buyer of the U.S. operations of TikTok, the popular Chinese short-video app that U.S. President Donald Trump is preparing to effectively ban on national security grounds.

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