Luxury apparel maker Ralph Lauren Corp beat Wall Street estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors.
U.S. stocks edged higher on Tuesday, as investors picked up beaten-down technology and industrial stocks following optimistic comments from Washington and Beijing that tempered concerns about a further escalation in the trade war.
The chief executive and two other senior figures at Jet Airways have quit, the Indian company said on Tuesday, further eroding any hopes of a rescue of the debt-laden carrier that grounded operations last month.
Comcast Corp has agreed to give Walt Disney Co full control of Hulu in a deal that puts a minimum future value on the streaming service of $27.5 billion while laying the groundwork for the creation of a powerful competitor for Netflix Inc.
A “no-spy” agreement with Beijing would be crucial to assessing whether to accept any bid by Huawei to build out a next-generation telephony network, a German interior ministry spokesman said on Tuesday, adding there was currently no sign such a deal was in the offing.
The chief executive and head of finance at Jet Airways have both quit, the Indian company said on Tuesday, further eroding hopes of a rescue of the debt-laden carrier that grounded operations last month.
UniCredit has engaged investment bankers, including a former top German official, to advise it on a potential bid to buy Commerzbank, according to three people familiar with the matter.
Walt Disney Co said it has signed a pact with Comcast Corp to assume full operational control of Hulu, effective immediately.
Volkswagen workers backed a restructuring of the world’s largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion euros ($1.1 billion) on a new battery cell production plant near its headquarters in Lower Saxony.
U.S. stock index futures indicated gains at the open on Tuesday, as optimistic comments from Washington and Beijing took the edge off market concerns about a further escalation in trade war.
Facebook’s WhatsApp said on Tuesday a security breach on its messaging app had signs of coming from a private company working on surveillance and it had referred the incident to the U.S. Department of Justice.
Huawei is willing to sign no-spy agreements with governments, including Britain, the Chinese telecommunications company’s chairman said on Tuesday as the United States pressures European countries to shun the firm over spying concerns.
U.S. President Donald Trump on Tuesday defended his trade war with China as tensions escalated and markets extended their losses, promising a deal with Chinese President Xi Jinping soon, even as fears escalated about a protracted battle.
Oil prices rose sharply on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
World stocks held near two-month lows on Tuesday as slightly more optimistic comments from U.S. and Chinese officials on trade brought some comfort, a day after equities suffered their worst selloff so far this year.
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