BRUSSELS (Reuters) – European Union proposals to open its markets wider to U.S. products, including cars, appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminum, the bloc’s trade chief said on Tuesday.
J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at Lowe’s. The announcement Tuesday, just days after J.C. Penney released disappointing results, sent its shares down more than 3 percent. Ellison, one of only a few African-American CEOs at a Fortune 500 company, will succeed Robert Niblock at Lowe’s on July 2. …read more […]
GENEVA (Reuters) – Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminum, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually.
(Reuters) – British oil giant BP Plc said it plans to cut 3 percent of jobs in exploration and production, as part of a restructuring of its global upstream business to make the division more efficient and competitive.
(Reuters) – J.C. Penney’s Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe’s Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down 4 percent.
(Reuters) – U.S. stocks rose on Tuesday, adding to gains from a day earlier, as the United States and China made progress on reducing trade tensions after agreeing to put their differences on hold.
(Reuters) – British oil giant BP Plc plans to cut 3 percent of jobs in its exploration and production as part of a restructuring of its upstream operations to make the division more efficient and flexible, The Financial Times reported on Tuesday.
ROME (Reuters) – Facebook and other tech giants may attract more regulatory scrutiny in future because of their market power, a senior EU antitrust official said on Tuesday.
PARIS (Reuters) – Airbus said on Tuesday it had taken steps to comply with a World Trade Organization (WTO) ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and Airbus.
(Reuters) – Wall Street opened higher for the second straight day on Tuesday, boosted by gains in tech stocks as trade talks between the United States and China gained momentum.
Both chipmakers are looking to reinvent themselves, but in different ways. …read more […]
(Reuters) – Stock futures pointed to a higher opening on Tuesday on signs of further progress in trade talks between the United States and China as the world’s two largest economies pull back from the brink of a full-blown trade war.
FRANKFURT (Reuters) – Big companies are used to harvesting vast amounts of data from customers to find out what makes them tick. Now, as Europe’s new data protection law comes into effect this week, activists are looking to turn the tables.
Investors in Chesapeake (CHK) need to pay close attention to the stock based on moves in the options market lately. …read more […]
TEL AVIV (Reuters) – The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has agreed five investments in four months totaling $50 million and will present another to its supervisory board next week, the fund’s head said.
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