General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from the conglomerate’s industrial businesses this year, a far more negative outlook than he offered previously, sending shares and bonds down.
Kohl’s Corp forecast full-year profit above Wall Street estimates on Tuesday, as partnerships with Amazon and a range of new brands attract more shoppers.
Romania’s biggest opposition party will trigger a public inquiry into Huawei’s contribution to critical infrastructure and seek to bar it from 5G network development due to mounting security concerns, its IT expert said on Tuesday.
Mexico’s central bank is in talks with Amazon.com Inc to launch a new government-backed mobile payment system that would allow consumers to pay for online purchases using QR codes, the bank’s head of payments said.
General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from the conglomerate’s industrial business this year, a far more negative outlook than he offered previously, sending shares and bonds down.
Delta Air Lines fueled the appetite of planemakers on Tuesday after Chief Executive Ed Bastian said the airline planned to replace some 200 Boeing 757 and 767 aircraft over the next decade.
A gauge of world stock markets recovered from early lows to inch higher on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, while strong U.S. economic data put the dollar on track to notch its fifth straight day of gains.
Wall Street’s main stock indexes moved in and out of positive territory on Tuesday as investors digested positive retailer earnings and economic data and eyed a key level for the benchmark S&P 500 index.
German carmaker BMW, which is building its first plant in Mexico, is looking for clear signs from the new government of President Andres Manuel Lopez Obrador that would guarantee stability to invest in the country, a top executive said.
The two biggest U.S. oil companies tried to outdo each other on Tuesday, boasting about their prowess in shale to lure investors to their side.
General Electric Co said on Tuesday it expects free cash flow from its industrial business to be negative in 2019, mainly due to continuing weakness in its power unit.
Tesla Inc said on Tuesday that China’s customs authorities have accepted the electric carmaker’s plan to resolve problems with the clearance of its Model 3 sedans that centered around misprinting of labels.
U.S. stocks struggled for direction on Tuesday, as a lack of fresh cues on U.S.-China trade negotiations curbed investor appetite despite upbeat profit forecasts from retailers.
Activist investor Barington Capital on Tuesday urged L Brands to separate its Victoria’s Secret and Bath & Body Works businesses, in an effort to turn around the struggling consumer brands owner.
Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.
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