Credit ratings agency Moody’s Investor Service said on Tuesday it has placed ratings of General Electric Co and its finance unit under review for a possible downgrade, a day after the conglomerate replaced its chief executive officer and announced a $23 billion charge.
Major automakers on Tuesday posted a hefty drop in U.S. new vehicle sales for September, caused in part by a drop in sales in areas hit by Florence and a tough comparison to the previous September when consumers rushed to replace vehicles damaged by Hurricane Harvey.
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy’s ruling parties said most of the country’s problems would be resolved if it readopted a national currency.
Tesla Inc announced record quarterly car production numbers on Tuesday but warned it was facing major problems with selling cars in China due to new tariffs that will force it to accelerate investment in its factory in Shanghai.
Volkswagen has terminated the contract of Rupert Stadler, the suspended chief executive of its premium brand Audi , amid an ongoing emissions probe.
U.S. stocks slipped at the open on Tuesday, with bank stocks the biggest drags, pressured by turmoil in European markets following an Italian lawmaker’s anti-euro comments and as relief from a reworked NAFTA deal faded.
Italian utility Enel SpA on Tuesday named Nicola Cotugno as the country manager for its Brazilian operations, replacing Carlo Zorzoli, who will head Enel’s green power unit in Italy.
Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, seeking to head off criticism of working conditions at the world’s second most valuable company.
Tesla Inc missed its weekly Model 3 production target on Tuesday and said it was facing a 40 percent import tariff in China due to the ongoing U.S-China trade war.
U.S. stocks were set to open lower on Tuesday after anti-euro comments from an Italian lawmaker reignited investor worries over a euro zone breakup, while relief from a reworked NAFTA deal faded.
U.S. grocer Kroger Co said on Tuesday it is exploring a partnership with Walgreens Boots Alliance Inc to allow its customers order online and pick up groceries at some of the drug retailer’s stores.
Tesla Inc produced 53,239 of its Model 3 sedans in the third quarter and delivered 55,840 of the vehicles to customers, the company said on Tuesday.
Stocks fell worldwide and European assets sold off on Tuesday after anti-euro comments from an Italian lawmaker dented the single currency and sent Italy’s bond yields to multi-year highs.
PepsiCo Inc posted stronger-than-expected profit on Tuesday, boosted by beverage sales in North America that rose after a year of declines and as investments in marketing and developing new products for emerging markets paid off.
Ryanair’s Chief Marketing Officer Kenny Jacobs on Tuesday said the company was working to reach deals with European trade unions by Christmas and get them implemented next year.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
