NEW YORK (AP) — U.S. stocks are rising Monday following a series of corporate deals. The largest by far is AT&T's plan to buy Time Warner for $85.4 billion, but investors aren't sure if the combination will happen. Aerospace company Rockwell Collins agreed to buy B/E Aerospace. Technology companies are making the largest gains.
By Kylie MacLellan LONDON (Reuters) - British Prime Minister Theresa May tried to persuade the leaders of Scotland, Wales and Northern Ireland on Monday to work with her government on a common Brexit negotiating position, but the Scottish leader dismissed the meeting as "deeply frustrating". May says that while the devolved governments of the UK's three smaller nations should give their views on what the terms of Brexit should be, they must not undermine the UK's strategy by seeking separate settlements with the EU. "I don't know what the UK's negotiating position is because they can't tell us," Scotland's First Minister Nicola Sturgeon said after talks at May's Downing Street office.
Chinese conglomerate HNA Group will acquire a 25 percent stake in international hotel operator Hilton Worldwide Holdings Inc, the companies announced Monday, another move expanding HNA's presence in the sector. HNA, an aviation and shipping group, announced in April that it had agreed to acquire Carlson Hotels Inc, which owns the Radisson and Park Plaza brands. "This investment is consistent with our strategy to enhance our global tourism business, and we look forward to working together on new initiatives that leverage our respective strengths," Adam Tan, vice chairman and CEO of HNA Group, said in a statement.