Starbucks plans changes to company structure, layoffs: Bloomberg

Coffee retailer Starbucks Corp is planning an organizational shakeup, including corporate layoffs, Bloomberg reported on Monday.

Michael Kors set to snap up Italy's Versace: sources

U.S. fashion group Michael Kors has agreed to take control of Versace in a deal that could value one of Italy's most prized designers at $2 billion, sources familiar with the matter said on Monday.

Wall Street falls as U.S.-China tariffs kick in

Wall Street's three main indexes were lower on Monday after a new round of U.S.-China trade tariffs kicked in and investors expected an interest rate hike a day ahead of the U.S. Federal Reserve's two-day meeting.

Global stock markets fall on trade war pessimism; oil rallies

Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply.

Walmart, Sam's Club to put food products on blockchain

Walmart and its unit Sam's Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents.

U.S., European Union still in 'exploratory' talks on trade - EU's Malmstrom

The European Union and the United States are still in exploratory talks about how they can pursue a limited trade agreement, with no real negotiations yet started, EU Trade Commissioner Cecilia Malmstrom said on Monday.

Sirius XM to buy Pandora in $3.5 billion streaming push

Satellite radio company Sirius XM Holdings Inc will buy online music service Pandora Media Inc in a $3.5 billion all-stock deal that will help it battle growing competition from streaming rivals Spotify and Apple Music.

United Technologies explores sale of Chubb Fire & Security: sources

United Technologies Corp is exploring a sale of its Chubb Fire & Security division for more than $3 billion, people familiar with the matter said on Monday.

Canada's Barrick Gold to buy Randgold for $6.5 billion in all-stock deal

Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use.

Uber's strongest growth comes in depressed Argentina -- minus commissions

Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines.

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