U.S. stocks were set to open sharply lower on Tuesday as poor forecasts from retailers including Target Corp and Kohls Corp for the holiday quarter fed into a market driven lower this week by concerns about demand for iPhones.
The European Commission said on Tuesday that it approved the $62-billion takeover of London’s Shire plc by Takeda Pharmaceutical of Japan, subject to the divestment of a Shire drug in development.
Oil prices dropped sharply on Tuesday, snapping a four-day winning streak amid concerns about rising global supplies as OPEC weighs a possible cut in production.
Department store operator Kohl’s Corp forecast full-year earnings largely below estimates, a dire signal ahead of the all-important holiday shopping season, sending its shares down 8 percent on Tuesday.
Two shareholder advisory firms have backed Takeda Pharmaceutical’s $62 billion takeover offer for drugmaker Shire , dealing a blow to a group of investors who hope to block the deal.
Boeing Co has canceled a conference call it had scheduled for Tuesday morning with airlines to discuss systems on the 737 MAX model that crashed in Indonesia last month, two sources familiar with the matter said.
Campbell Soup Co on Tuesday reported a smaller-than-expected decline in quarterly earnings, sending shares of the embattled soup maker up 5.4 percent in premarket trading.
German financial watchdog Bafin has asked Deutsche Bank to supply information on its dealings with Danske Bank , which is ensnarled in money laundering allegations, a source close to the matter said on Tuesday.
Pakistan has extended bailout talks with the International Monetary Fund (IMF) and expected an agreement by mid-January, a finance ministry official said on Tuesday.
France urged Renault on Tuesday to replace CEO Carlos Ghosn a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker’s alliance with Nissan, which has been rocked by the scandal.
The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.
Target Corp reported third-quarter earnings and comparable sales below estimates on Tuesday at a time when a strong economy has boosted consumer spending at rival retailers, sending its shares down 7 percent in premarket trade.
Lowe’s Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.
U.S. stock futures dropped by up to 1 percent on Tuesday as a technology rout in the previous session sparked by concerns over iPhone sales sapped investors’ appetite for high-growth companies.
FedEx Corp said on Tuesday it plans to expand its fleet in the United States by adding 1,000 Chanje electric delivery vans.
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