Food distribution company US Foods Holding Corp said on Monday it would buy SGA’s Food Group of Cos for $1.8 billion in cash and reported disappointing second-quarter sales, sending its shares down 15 percent.
The allegations come as Moonves is embroiled in a legal battle over control of CBS with the company’s largest shareholder, National Amusements Inc, owned by Shari Redstone and her father Sumner, who also control media company Viacom Inc. CBS said on Friday it would investigate accusations against Moonves, 68, made by six women in a New Yorker magazine article featuring several instances of alleged sexual harassment spanning 1985 to 2006. …read more […]
Tesla Inc is in talks with authorities in Germany and the Netherlands to build its first major European factory, the Wall Street Journal reported on Monday, citing officials involved in the talks.
Square’s (SQ) expanding financial services portfolio is likely to benefit its GPV in the second quarter. …read more […]
Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers.
The next CEO — whomever it is — is expected to take the biotech in a new direction. …read more […]
Caterpillar Inc (CAT.N) on Monday raised its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by global demand for its equipment. The Deerfield, Illinois-based company now expects adjusted profit per share to be in a range of $11 to $12 in 2018, compared with $10.25 to $11.25 projected earlier. The second increase to the profit outlook in the past two quarters helped allay investors’ concerns about the health of the global economy amid increasing trade frictions and pressure on costs. …read more […]
Two of the world’s most valuable tech companies continue to beat the market, but they don’t measure up the same when considering growth and valuation. …read more […]
Tyson Foods Inc cut its full-year profit forecast on Monday, citing the uncertainty in trade policies and increased tariffs that have hurt domestic and export prices of meat, sending its shares down 6 percent.
Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo on Monday announced $113 million in new regional investments focused on technology, energy and infrastructure.
Harley-Davidson Inc is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs.
The United States will invest $113 million in technology, energy and infrastructure initiatives in the Indo-Pacific as part of a new strategy to deepen ties with the region, U.S. Secretary of State Mike Pompeo said on Monday ahead of a trip to Singapore, Malaysia and Indonesia.
China’s online search leader reports financial results on Tuesday afternoon, and Baidu will need to excel on several fronts if the stock is to move higher. …read more […]
German prosecutors said on Monday they are investigating whether former Volkswagen Chief Executive Martin Winterkorn moved some of his assets out of Germany following an inquiry into his role in the manipulation of anti-pollution tests.
U.S. stocks opened little changed on Monday as weakness in tech stocks offset gains in energy companies which rose on the back of higher oil prices and as industrials got a lift from Caterpillar’s upbeat quarterly earnings.
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