Apple Inc refreshed some of its lower-profile products at a New York event on Tuesday, adding iPhone features like facial recognition to the iPad Pro and faster processors and better displays to some Mac computers that have not had a major update in years.
Chesapeake Energy Corp on Tuesday agreed to buy Texas oil producer WildHorse Resource Development Corp in a nearly $4 billion cash-and-stock deal that knocked down the natural gas producer’s shares by nearly 14 percent.
General Electric Co slashed its quarterly dividend to a penny a share, said it would restructure its power unit and that it faced a deeper accounting probe as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.
Apple Inc on Tuesday unveiled new Mac computers, including updates to its entry-level Mac Book Air laptop and Mac Mini desktop.
The credit quality of U.S. states is improving, with revenue growth and spending moderation helping to halt a downward trend, according to a report to be released later on Tuesday.
Under Armour Inc’s shares surged 25 percent on Tuesday after the sportswear maker beat quarterly earnings estimates and raised its full-year profit forecast as it kept costs lower and offered fewer discounts.
Coca-Cola Co’s quarterly revenue and profit topped Wall Street expectations on Tuesday, as investments to cater to changing consumer tastes paid off with higher sales of its sugar-free sodas and vitamin waters.
U.S. stocks rose on Tuesday, helped by a rebound in technology stocks after a volatile few sessions on Wall Street, amid optimism over the U.S.-China trade dispute and some upbeat earnings reports.
Chesapeake Energy Corp said on Tuesday it would buy Texas-based WildHorse Resource Development Corp in a nearly $4 billion deal, adding lucrative oil-producing regions as part of efforts to cut reliance on low-priced natural gas.
Oil prices fell more than 2 percent on Tuesday on signs of rising supply and concerns that global economic activity and fuel demand would be hit by a deepening U.S.-China trade dispute.
GE’s Baker Hughes has halted its share buyback program as it awaits more clarity from parent General Electric about its plans as the U.S. conglomerate embarks on more organizational and financial changes.
Volkswagen posted forecast-beating third quarter profit, weathering a storm of lower car sales, higher spending and new pollution rules which dented earnings at rivals Daimler and BMW .
Pfizer Inc on Tuesday reported worse-than-expected third quarter revenue and lowered the top end of its full-year sales forecast as generic competition and drug pricing pressure in the United States hurt its older drugs business.
European shares labored in the red and China’s yuan hit a 10-year low on Tuesday as the prospect of an escalation in the U.S.-Sino trade war compounded the recent gloom in global markets.
U.S. home appliances maker Whirlpool will continue operations at its factories in Turkey’s western Manisa province, it said in a statement to Reuters on Tuesday, although it is exiting the domestic sales business in the country.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
