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.
U.S. stocks edged lower at open on Tuesday, weighed down by losses in Home Depot and Caterpillar while investors awaited Federal Reserve Chair Jerome Powell’s testimony on monetary policy.
Britain’s pound vaulted to a 21-month high against the euro on Tuesday on hopes that the worst of all Brexits will be avoided, while world shares took a breather after scaling five-month peaks.
Shareholders of Brazilian planemaker Embraer SA on Tuesday approved a deal to sell 80 percent of the company’s commercial jet division to Boeing Co, a move that could reshape the global market for aircraft of up to 150 seats.
Macy’s Inc on Tuesday announced a restructuring plan that would see the departure of some top executives to speed up decision-making and reduce costs.
Silicon Valley billionaire Elon Musk laid into the U.S. Securities and Exchange Commission again on Tuesday, after it accused the Tesla Inc Chief Executive Officer of violating a fraud settlement in a tweet last week.
Thomson Reuters on Tuesday reported a 9 percent rise in quarterly revenue, stripping out the impact of currency, and said it is continuing to look for acquisitions to bolster its Legal and Tax & Accounting businesses, where demand is up in part because of U.S. tax reforms.
Volkswagen on Tuesday said it will launch an entry-level JETTA brand in China in the third quarter this year, as a way to capture first-time buyers in the world’s largest car market which has started to sputter.
Home Depot Inc forecast full-year earnings well below Wall Street estimates on Tuesday and reported disappointing quarterly sales, with analysts pointing to the impact of a snowy U.S. winter on construction activity.
Boeing Co said on Tuesday it has nominated Nikki Haley, former U.S. ambassador to the United Nations, to be elected as a director at the company’s annual meeting of shareholders on April 29.
Macy’s Inc on Tuesday announced a restructuring plan that would cut the complexity of its top management structure to speed up decision-making and reduce costs.
U.S. stock futures edged lower on Tuesday, hit by losses in Home Depot and Caterpillar shares, while investors awaited Federal Reserve Chair Jerome Powell’s testimony on monetary policy.
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