Wall Street was mixed on Tuesday, with technology shares dipping ahead of Apple’s quarterly report while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average.
Shares of General Electric Co fell 3 percent on Tuesday after a top-rated JP Morgan analyst raised concerns about the company’s divestiture plans and its impact on free cash flow.
U.S. Democratic Senator Patty Murray sent a letter to Johnson & Johnson on Tuesday seeking information related to allegations in a Reuters Special Report that the healthcare company knew about the presence of asbestos in its talc-based baby powder.
Harley-Davidson Inc reported worse-than-expected quarterly profit on Tuesday and forecast a slump in global shipments of its motorcycles in 2019, sending shares sinking more than 7 percent in afternoon trading.
Fiat Chrysler Automobiles NV said on Tuesday it has received approval from U.S. regulators to sell its new 2019 Ram 3500 pickup truck after the Italian automaker had raised concerns a prolonged government shutdown could delay the new heavy duty vehicle.
Chinese telecommunications giant Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou appeared in a Canadian court on Tuesday for a hearing concerning her bail in a case that has strained Beijing’s ties with Canada and the United States.
The U.S. State Department has approved a possible sale to Japan of two Lockheed Martin-made AEGIS Weapon Systems and related missile defense equipment for an estimated cost of up to $2.15 billion, the Pentagon said on Tuesday.
PG&E Corp, owner of the largest U.S. power utility, filed for bankruptcy protection on Tuesday in anticipation of liabilities in excess of $30 billion from the deadliest and most catastrophic wildfires in California’s history.
Chinese telecommunications giant Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou arrived on Tuesday for a hearing before a Canadian court in a case that has strained Beijing’s ties with Canada and the United States.
Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou’s lawyer told a Canadian court on Tuesday that her client has applied for an alteration in the sureties for her bail conditions.
U.S. oil refiners said they would comply with the Trump administration’s new sanctions announced on Monday on dealings with Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and take steps to lessen any impacts on consumers.
Volkswagen executive Andreas Renschler on Tuesday said the Traton trucks division will be a “strong contributor” toward parent company Volkswagen Group’s 10 billion euro ($11.4 billion) cashflow target for 2020.
Lockheed Martin Corp, the Pentagon’s top weapons supplier, said on Tuesday it would transfer $1.8 billion in pension obligations to U.S. life insurer Prudential Financial Inc to reduce the risk and costs of pensions.
Harley-Davidson Inc on Tuesday reported worse-than-expected quarterly profit and forecast sharply lower shipments, sending its stock tumbling more than 8 percent.
U.S consumer confidence fell to a 1-1/2 year-low in January as a partial shutdown of the government and financial markets turmoil left households a bit nervous about the economy’s prospects.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
