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Wall St jumps on tax-cut hopes, M&A flurry

Major U.S. stock indexes hit record highs in a broad rally on Monday as the long-awaited bill to lower taxes looked set to be passed into law and a flurry of dealmaking buoyed sentiment.

Recent Business News

Buffett's latest milestone: Berkshire stock hits $300,000

NEW YORK Berkshire Hathaway Inc's stock price touched $300,000 for the first time on Monday, reflecting investors' confidence in Warren Buffett's conglomerate despite four straight quarters of lower operating profit.

12:04pm EST

Casino operator Penn National to buy Pinnacle in $2.8 billion deal

Casino operator Penn National Gaming Inc said on Monday it would buy Pinnacle Entertainment Inc in a cash-and-stock deal valued at about $2.8 billion, cementing its position as the leading U.S. regional gaming operator.

11:00am EST

EU's top court to decide whether Uber is a digital app or a taxi service

BRUSSELS A debate in Europe over whether ride-hailing app Uber [UBER.UL] is merely a digital company or one providing transport services will be decided when the top European Union court hands down its verdict on Wednesday in a highly anticipated case.

11:03am EST

Barclays proposes alternative Seadrill restructuring plan-court filing

OSLO British bank Barclays Plc has submitted an alternative proposal to restructure Seadrill , the oil rig company said in a U.S. court filing.

12:21pm EST

Twitter to put warnings before swastikas, other hate images

SAN FRANCISCO Twitter Inc said on Monday it would begin issuing a warning before a user can see pictures with Nazi swastikas and other items it determines are hateful imagery, as well as prohibit their use in any profile photos on its social media network.

Tech, Twitter 12:45pm EST

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