General Electric Co is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate’s stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday.
Baker Hughes said on Tuesday it would repurchase $250 million worth of its stock from General Electric Co and the industrial conglomerate’s presence in the oilfield services company’s board would shrink to one from five.
The S&P 500 ended little changed on Tuesday, with a rally in energy and industrial shares countering a drop in the technology and real estate sectors as investors favored value over growth.
Bond yields climbed and a gauge of world stock markets recovered from previous lows to trade flat on Tuesday, as uncertainty grew over the mix of stimulus the European Central Bank will add to boost a slumping economy this week amid fresh signs global growth was slowing.
Apple Inc on Tuesday revealed a triple-camera iPhone, matching a feature rivals already have, and rolled out a streaming TV service priced to undercut Disney and Netflix.
Apple Inc on Tuesday launched a new streaming TV service, which will showcase original shows at a monthly price of $4.99, and unveiled three iPhone models featuring new camera systems.
Apple Inc , the company that transformed the music, mobile and personal computing industries, is relying on the ubiquity of its iPhones and iPads to take on Disney and Netflix in the battle for streaming TV customers.
Apple Inc on Tuesday launched a new streaming TV service, which will showcase original shows at a monthly price of $4.99, and unveiled one of its new iPhones and iPad as well as updates for its Watch.
Women are landing more full-time jobs, bringing in bigger paychecks and rising out of poverty, according to U.S. Census data released on Tuesday.
Apple Inc revealed on Tuesday that its streaming TV service will kick off Nov. 1 and cost $4.99 a month and new cameras for the latest iPhones, as the tech giant reaches a turning point where it focuses as much on services as its hardware and software.
The share of Americans without health insurance rose for the first time in a decade last year and U.S. household income hardly budged, according to a government report on Tuesday that laid bare issues that could be central to the U.S. presidential election next year.
A senior White House adviser tamped down expectations on Tuesday for the next rounds of U.S.-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the world’s two largest economies.
JPMorgan Chase & Co lowered its outlook for 2019 net interest income by about $500 million on Tuesday, following similar moves by rival big banks Wells Fargo & Co and Citigroup Inc .
Technology stocks led the Wall Street into the red on Tuesday as recessionary fears, fueled by declining producer prices from China, dampened investor risk appetite.
Apple Inc revealed on Tuesday that its streaming TV service will kick off Nov. 1 and cost $4.99 a month, as the tech giant reaches a turning point where it focuses as much on services as its hardware and software.
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