Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Elon Musk, the CEO of Tesla and SpaceX, tweeted early on Monday morning that he "just deleted" his Twitter account.Marketsread more
Pfizer said on Monday it had agreed to acquire Array Biopharma for $10.64 billion, which will grant it access to its cancer drugs.Biotech and Pharmaceuticalsread more
Huawei CEO and founder Ren Zhengfei said that the Chinese tech company will report revenues of around $100 billion in 2019 and 2020, which would be flat growth versus 2018.Technologyread more
Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.Cryptocurrencyread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Billionaire investor Bill Ackman's Pershing Square Capital Management is said to be building a stake in Automatic Data Processing, Bloomberg reported, citing sources. Shares of ADP spiked on the news.
Pershing has already acquired shares in the business outsourcing company and could acquire more in new funds it filed documents for last week, Bloomberg reported. The size of the stake is unknown. The fund firm previously owned ADP from 2009 to 2011.
ADP shares were up 11 percent after the report came out, but they were already climbing during morning trading after earnings were announced. They are up more than 12 percent this year.
A spokesman for Pershing had no comment. A spokesman for ADP wasn't immediately available.
Pershing is known to take big bets on a limited number of companies, pushing some of them to make changes to their boards or operations. It scored big with General Growth Properties and Wendy's but recently stumbled on Valeant Pharamceuticals, finally exiting the position earlier this year.