U.S. aerospace manufacturer Boeing Co said on Tuesday it has nominated Nikki Haley, former U.S. ambassador to the United Nations and close ally of President Donald Trump, to join its board of directors at the company’s annual shareholders meeting on April 29.
Macy’s Inc, the largest U.S. department store chain, said on Tuesday it would cut 100 senior management positions to reduce costs and improve profitability, and reported holiday same-store sales growth short of Wall Street’s expectations.
U.S. Senators called drug pricing practices “morally repugnant” and told drug company executives they do not want to hear them blame others for the high prices, taking an aggressive stance at the start of a Senate hearing on the rising costs of prescription medicines.
Fiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five plants to build new models of Jeeps, hoping to bolster the brand so it can compete more effectively in the lucrative market for large SUVs currently dominated by rivals General Motors Co and Ford Motor Co.
Saudi Arabia’s cabinet approved a license for Standard Chartered to open a unit in the kingdom, the state news agency reported on Tuesday.
Germany’s Hapag-Lloyd is cleared of a U.S. Department of Justice probe into the practices of container shipping companies, with no charges brought, a spokesman said on Tuesday.
Thomson Reuters reported better-than-expected earnings on Tuesday, helping push its shares to a record high, and said it is continuing to look for acquisitions to bolster its Legal and Tax & Accounting units, where demand is up in part because of U.S. tax reforms.
Home Depot Inc missed Wall Street forecasts for quarterly sales on Tuesday, as a snowy winter prevented many Americans from remodeling home exteriors in a housing market that is slowing on the back of high prices.
A U.S. appeals court upheld on Tuesday a lower court ruling that wireless and satellite TV provider AT&T Inc’s deal to buy content maker Time Warner for $85.4 billion was legal under antitrust law.
The benchmark S&P 500 index and the Nasdaq cut all losses on Tuesday to eke out slight gains, after a report from the Conference Board showed a higher-than-expected rise in the consumer confidence index in February.
A U.S. appeals court upheld on Tuesday a lower court ruling that wireless and satellite TV provider AT&T Inc’s deal to buy content maker Time Warner for $85.4 billion was legal under antitrust law.
Seven drug company executives will testify about rising prescription drug prices before a powerful U.S. Senate Committee on Tuesday, marking a sharp escalation in lawmakers’ promises to address high medicine costs.
JPMorgan Chase & Co on Tuesday maintained its key profit goal for the next three years, but its chief financial officer warned the forecast does not reflect significant risks that could speed the beginning of a U.S. recession.
Rising risks and recent soft data shouldn’t prevent solid growth for the U.S. economy this year, but the Federal Reserve will remain “patient” in deciding on further interest rate hikes, Fed Chairman Jerome Powell said on Tuesday.
Macy’s Inc said on Tuesday it would cut 100 senior management positions as the department store operator seeks to cut costs and improve profitability after reporting bleak holiday sales.
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