The director of the investment arm of Indonesian media group Media Nusantara Citra (MNC) said on Tuesday the group was in talks with Walt Disney Co on a possible investment by the U.S. media conglomerate, but the group’s owner Hary Tanoesoedibjo denied talks were taking place.
President Donald Trump believes the U.S. dollar is too strong, and the euro is too weak, and feels the situation could be eased if the Federal Reserve lowered interest rates, a senior administration official said on Tuesday.
SKY Italia has appointed Maximo Ibarra as its new chief executive effective Oct. 1 as it expands its business, the Italian unit of U.S. media group Comcast said on Tuesday.
U.S. consumer confidence tumbled to a 21-month low in June as households grew a bit more pessimistic about business and labor market conditions amid concerns about a recent escalation in trade tensions between the United States and China.
Parcel delivery company United Parcel Service Inc said on Tuesday it would not join rival FedEx Corp’s lawsuit against the U.S. government.
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion, primarily equity, to help the California power provider emerge from Chapter 11 and address its liability from wildfires.
Volkswagen’s sports-car brand Porsche has to recall almost 340,000 Cayenne and Panamera vehicles due to problems with their automatic transmission, the German company said on Tuesday.
General Motors Co said on Tuesday it would invest an additional $20 million to upgrade equipment at the automaker’s Arlington Assembly plant in Texas, ahead of the launch of full-size sports utility vehicles (SUVs).
Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session.
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed filing a bankruptcy reorganization plan that would inject up to $30 billion, primarily equity, to help the California power provider emerge from Chapter 11 and address its liability from wildfires.
Wall Street’s main indexes slipped on Tuesday, hit by trade jitters and rising tensions in the Middle East, while investors focused on speeches by Federal Reserve officials for clues on monetary policy.
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed filing a bankruptcy reorganization plan that would inject up to $30 billion, primarily equity, to help the California utility emerge from Chapter 11 and address liability from wildfires.
Facebook’s plan to expand into payments is not expected to be on the agenda of this week’s G20 summit in Japan, but the social media giant’s intentions could lead regulators to take a closer look at crypto assets, a G20 regulatory group said on Tuesday.
Japanese beverage giant Suntory Holdings said it would work with rival Coca-Cola as well as Nestle to push the government in Vietnam, among the biggest contributors to plastic waste in the ocean, to create a large-scale recycling system.
To measure the extent and impact of court secrecy, a team of Reuters journalists analyzed Westlaw data from 3.2 million civil suits filed in federal court between 2006 and 2016.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
