Asia stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth.
Co-founders of Facebook Inc’s Instagram, Kevin Systrom and Mike Krieger, have resigned and plan to leave the photo-sharing app company in coming weeks, the New York Times reported late on Monday, citing people with direct knowledge of the matter.
Oil markets remained strong on Tuesday, with Brent crude near a four-year high reached the previous session.
Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday.
Asia stocks struggled on Tuesday as the latest round of U.S.-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.
Oil markets opened strongly on Tuesday, with Brent crude remaining near a four-year reached the previous session.
Amazon.com Inc made two preliminary approaches for British online food delivery company Deliveroo, the latest one about nine months ago, the Telegraph reported on Monday.
The U.S. Air Force awarded Boeing Co a $376 million contract to build four helicopters in the first leg of a $2.38 billion deal to replace the fleet of 46-year-old UH-1N Huey helicopters.
Starbucks Corp is planning an organizational restructuring including leadership changes, according to a memo from its Chief Executive Officer Kevin Johnson.
Canada’s Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world’s largest gold producer in an industry under investor pressure to put capital to good use.
The latest version of the heavily armored U.S. presidential limousine known as “The Beast” is making its debut in New York City this week.
The new S&P 500 communication services sector , which includes such high-profile names as Facebook Inc , Alphabet Inc and Netflix Inc , made its debut on Monday with a small gain, after the largest-ever overhaul of Wall Street’s broad business sectors.
Tesla Inc is building its own car carriers, as the electric carmaker faces vehicle distribution problems.
The boss of Britain’s Debenhams came out fighting on Monday, saying the department store chain’s troubles had been exaggerated and insisting the business has a future.
On Wall Street the S&P and the Dow closed lower on Monday after a round of U.S.-China trade tariffs kicked in, dampening last week’s hopes for a resolution and investors waited for an interest rate hike ahead of a U.S. Federal Reserve meeting.
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