U.S. activist presses for 'bold action' at Nestle

U.S. activist shareholder Third Point LLC has targeted Nestle (NESN.S) by taking a $3.5 billion stake in the food maker and urging Europe's most valuable company to boost returns as demand for its products weakens.

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S&P, Dow edge up; tech weighs on Nasdaq

The Dow Jones Industrial Average and the S&P 500 were higher in late afternoon trading on Monday but a fall in technology stocks capped gains on the Nasdaq.

Technology stocks have been under pressure as investors, worried about stretched valuations, switch to defensive sectors.

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U.S. top court buries CalPERS lawsuit over Lehman collapse

Nearly 30 banks that underwrote billions in debt offerings by Lehman Brothers before Lehman collapsed in 2008 will not have to defend a securities fraud lawsuit by a big California pension fund, the U.S.

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Google set to face record EU antitrust fine as soon as Tuesday: sources

EU antitrust regulators are likely to impose a record fine on Alphabet (GOOGL.O) unit Google over its shopping service as soon as Tuesday, two people familiar with the matter said on Monday, concluding one of three cases against the company.

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Asia stocks edge up on optimism over global growth, dollar soft

Asian shares edged up on Monday on optimism for global growth, while the dollar was on the defensive as a subdued U.S. inflation outlook capped U.S. bond yields and raised questions about the Federal Reserve's plans to tighten policy.

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Intesa sees closure of 600 branches, exit of 3,900 staff in Veneto banks deal

Intesa Sanpaolo (ISP.MI) said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff.

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China court hands jail terms to Australians in Crown Resorts trial

A Chinese court handed short jail terms to three Australian employees of Crown Resorts Ltd (CWN.AX) in a quick-fire trial following a lengthy probe into how the firm lured Chinese high-rollers to its casinos.

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