J. M. Smucker Co cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, as sales of its Nutrish dog food brand were hit by fierce competition, triggering a 10% drop in its shares.
Philip Morris International Inc and Altria Group Inc are discussing an all-stock merger, potentially reuniting two of the world’s largest tobacco companies after more than a decade, in a deal aimed at domination of the fast-growing electronic-cigarette market.
The Brazil unit of Mercedes Benz, the local market leader in trucks and buses, said on Tuesday it will invest 1.4 billion reais ($340 million) to launch of a new line of trucks as it expects the domestic market to grow in 2020, even if exports could fall.
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.
Wall Street’s main indexes rose for the second straight session on Tuesday, supported by broad-based gains as investors pinned their hopes on a resolution to the protracted U.S.-China trade dispute despite mixed signals from both sides.
Philip Morris International Inc and Altria Group Inc are in talks for an all-stock merger, potentially reuniting the tobacco giants after more than a decade in a deal aimed at dominating the fast-growing e-cigarette market.
JPMorgan Chase & Co is looking to sell the credit-card portfolio it built through a partnership with the nonprofit AARP, Bloomberg reported on Tuesday, citing people familiar with the matter.
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Oil prices rose more than 1% on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming concerns raised by an earlier round of tit-for-tat tariff hikes.
Early Facebook Inc backer, Founders Fund, has sold all of its holdings in the social media giant as part of a previously established trading plan by the venture capital firm’s partner, Peter Thiel, according to a regulatory filing from late Monday.
Philip Morris International Inc and Altria Group Inc said on Tuesday they were in talks for an all-stock merger, potentially reuniting the tobacco giants after more than a decade.
U.S. stocks opened higher on Tuesday as investors held their hopes on a resolution to the prolonged trade dispute between the world’s two largest economies despite mixed signals from both sides.
Microsoft is remotely collecting data from users of Windows Home and Windows Pro, in a potential breach of privacy rules, the Dutch Data Protection Agency (DPA) said on Tuesday.
U.S. stock indexes were set to open higher on Tuesday, with futures recovering from overnight declines, as investors pinned their hopes on a resolution to the protracted U.S.-China trade dispute despite mixed signals from both sides.
U.S. house prices rose solidly in June, but the pace of appreciation is slowing, which together with declining mortgage rates could boost the struggling housing market.
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