JPMorgan Chase & Co has decided to stop financing private operators of prisons and detention centers, which have become targets of protests over Trump administration immigration policies.
Barington Capital on Tuesday urged U.S. consumer products group L Brands to break itself up by separating its Victoria’s Secret and Bath & Body Works businesses from the company, in an effort to improve financial performance.
Target Corp forecast full-year adjusted profit above Wall Street estimates on Tuesday and posted better-than-expected holiday quarter results, driven by strong digital sales and higher customer footfall at its stores.
BMW may move some engine production out of Britain to Austria in the event of an uncontrolled exit from the European Union by the UK, BMW board member Peter Schwarzenbauer said on Tuesday.
China’s customs authority has suspended customs clearance procedures for Model 3 cars built by Tesla Inc, the financial publication Caixin reported on Tuesday.
Oil fell toward $65 a barrel on Tuesday, pressured by the restart of Libya’s biggest oilfield and on expectations for an increase in U.S. crude inventories.
Papa John’s International has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman.
U.S. President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.
Two of Europe’s best-selling cars, the Renault Clio and Peugeot 208, go head-to-head at the Geneva motor show on Tuesday, as the auto market they dominate faces transformative pressures on its future profits and jobs.
Production of BMW’s Mini will still be disrupted if there is a delay to Brexit, the carmaker’s CEO said on Tuesday, signaling the auto industry faces upheaval even if Britain avoids crashing out of the European Union without a withdrawal deal on March 29.
World shares remained near a five-month high on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, and a revived dollar headed for a fifth day of gains in the currency markets.
Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support.
Chinese footwear retailer Belle International has hired Bank of America Merill Lynch (BAML) to help prepare for a Hong Kong listing of its sportswear business this year, said people with direct knowledge of the matter.
Carmakers are dreaming up futuristic electric car engine sounds to ensure that pedestrians can hear vehicles that lack audible cues like high-revving, howling combustion engines, senior executives at the Geneva car show said.
A Japanese court granted bail to ousted Nissan Motor Co Ltd chairman Carlos Ghosn on Tuesday more than three months after his arrest for alleged financial crimes, on condition he submit to video monitoring and stay in Japan.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
