U.S. activist hedge fund Elliott Management said on Tuesday Hyundai Motor Group was “grossly overcapitalized” and shareholder returns from the Korean automotive group were lagging industry standards.
Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, BlackRock, the world’s largest asset manager, said on Tuesday.
Europe’s top court dealt the food industry a blow on Tuesday as it dismissed an attempt by a Dutch cheese maker to copyright its cream cheese, saying that the taste of a food product does not qualify for copyright protection.
Tyson Foods Inc reported quarterly sales on Tuesday that missed Wall Street estimates, as more consumers and restaurants took advantage of falling beef and pork prices, cutting into demand for chicken.
Walmart and Home Depot , two of the top 10 U.S. employers, have embraced a health insurance strategy that punishes drugmakers for using discount cards to keep patients from switching or stopping their medications.
Despite market wobbles, the United States is the most favored equity region for global fund managers, who broadly expect the S&P500 index to rise another 12 percent before peaking, Bank of America Merrill Lynch’s latest investor survey showed on Tuesday.
European shares recovered on Tuesday after feeling the strain of a tech rout on Wall Street, while the dollar lost momentum as hopes mounted for a de-escalation in the Sino-U.S. tariff war.
Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money.
OPEC warned on Tuesday that an oil supply glut could emerge in 2019 as the world economy slows and supply from rival producers rises more quickly than expected, building a case for cutting output at a meeting next month.
Home Depot Inc topped Wall Street estimates for quarterly comparable-store sales on Tuesday, as consumers faced with a shaky U.S. housing market spent more on average at the country’s No. 1 home improvement chain.
Vodafone’s new chief executive said he would cut costs and seek to maximize the value of its masts and towers to drive higher returns at the world’s second largest mobile operator after taking charge last month.
Americans are losing their taste for chicken and eating more beef and pork as President Donald Trump’s trade wars reduce U.S. pork exports to China and Mexico and leave cheaper bacon and ribs at home.
Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market.
Bankers at Goldman Sachs Group Inc “cheated” Malaysia in dealings with state fund 1MDB, Prime Minister Mahathir Mohamad said, amid growing calls in the country for more aggressive steps to recoup fees earned by the bank.
Malaysia Prime Minister Mahathir Mohamad said on Tuesday U.S. prosecutors had promised to help return money that Goldman Sachs charged for its dealings with troubled Malaysian state fund 1MDB.
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