J. M. Smucker Co on Tuesday cut its full-year earnings forecast and missed Wall Street estimates for quarterly profit and sales, blaming competition in the pet food industry and its move to cut prices on its peanut butter and coffee.
World shares gained on Tuesday as some investors held out hopes for a trade deal between the United States and China, even though they continued to raise tariffs on each other last week.
BlackRock Inc is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world’s largest asset manager showed on Tuesday.
Public prosecutors on Tuesday raided offices of German exchange operator Deutsche Boerse as part of a broader investigation into a fraudulent share-trading scheme, Cologne public prosecutor’s office said.
Ferdinand Karl Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German company from a struggling midsized carmaker into a global automotive powerhouse, has died, his wife said in a statement.
Norway’s $1 trillion sovereign wealth fund, the world’s largest, should shift billions in investments from European stock markets and instead invest more in the United States and other North American markets, the fund’s manager recommended on Tuesday.
EU regulators are checking Google for Jobs to see if the company unfairly favors its fast-growing tool for searching job listings, Europe’s antitrust chief said on Tuesday.
Norway’s $1 trillion sovereign wealth fund, the world’s largest, should reduce its exposure to European stock markets and instead invest more in the United States and other North American markets, the fund’s manager recommended on Tuesday.
A unit of Russian conglomerate Rostec said on Tuesday it was ready for an out-of-court settlement with Boeing over its order for 35 Boeing 737 MAX jets, a spokesman for Rostec’s subsidiary Avia Capital Service told Reuters.
Contract chipmaker GlobalFoundries sued larger rival and Apple supplier TSMC for patent infringement, seeking to stop imports into the United States and Germany of products made with the allegedly infringed technologies.
Ferdinand Karl Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German company from a struggling midsized carmaker into a global automotive powerhouse, has died, his wife said in a statement.
Global shares eked out gains on Tuesday as some investors held out hopes for a trade deal between the United States and China, even as the countries continued to raise tariffs on each other last week.
Uber Eats and Japanese convenience store chain Lawson on Tuesday announced a delivery partnership in central Tokyo, seeking to capitalize on growing demand for quick home delivery of food and everyday items.
China’s foreign ministry reiterated on Tuesday that it had not heard of any recent telephone call between the United States and China on trade, and said it hopes Washington can stop its wrong actions and create conditions for talks.
Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling.
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