Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($13 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company's market-friendly CEO with a retired army general.
Allied Universal won a months-long takeover battle for Britain's G4S, the world's largest private security firm, on Monday after going head-to-head in an auction with Canadian rival GardaWorld.
Allied Universal won a months-long takeover battle for Britain's G4S, the world's largest private security firm, on Monday after going head-to-head in an auction with Canadian rival GardaWorld.
London's FTSE 100 fell on Monday as higher commodity prices sparked fears of a spike in inflation, while investors awaited Prime Minister Boris Johnson's plan for a phased easing of business restrictions.
4 Min Read
(Reuters) - Sensor maker Velodyne Lidar Inc said on Monday it had removed founder David Hall as chairman and his wife Marta Thoma Hall as marketing chief for a lack of honesty, a charge Marta Hall said the couple was not allowed to rebut in a board meeting she described as an “ambush.”
Slideshow ( 2 images )
Shares of Velodyne, one of several companies vying to supply automakers with lidar, a sensor that generates a three-dimensional map of the road ahead, were down about 15% in afternoon trading. Lidar sensors are a key technology as the auto industry pushes toward self-driving vehicles.