Business News
U.S. SUV sales surge again in August
Ford Motor Co reported a nearly 4.1 percent rise in U.S. auto sales in August, helped by higher demand for its sport utility vehicles and pickup trucks.
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Fortnite's Day in the Sun May Be Over
Growth is slowing for 2018’s most popular video game. …read more […]
Business News
Toyota U.S. auto sales fall 2 percent in August
Toyota Motor Corp on Tuesday reported a 2 percent fall in U.S. auto sales in August, hurt by a slump in sales for its passenger cars.
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Better Buy: Pfizer Inc. vs. Eli Lilly and Company
Which of these big American pharma stocks is the better pick right now? …read more […]
Business News
Nike shares hit as Kaepernick ad spurs boycott
Shares of Nike Inc fell 3 percent on Tuesday as calls for a boycott of the sportswear giant gained traction on social media following its choice of Colin Kaepernick as a face for the 30th anniversary of its “Just Do It” slogan.
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Nike shares hit as Kaepernick ad spurs boycott
Former San Francisco quarterback Kaepernick, the first NFL player to kneel during the national anthem as a protest against racism, posted a black-and-white close-up of himself on Instagram on Monday featuring the Nike logo and “Just do it” slogan, along with the quote: “Believe in something. “First the @NFL forces me to choose between my favorite sport and my country. “Then @Nike forces me to choose between my favorite shoes and my country. …read more […]
Business News
Nike, Facebook set to weigh on Wall Street as trade worries linger
U.S. stocks were set to open lower on Tuesday, as declines in heavyweights such as Nike and Facebook added to worries over trade negotiations between United States and other major economies, following the Labor Day weekend.
Business News
JD.com shares fall after CEO’s arrest and release
Chinese retailer JD.com Inc’s stock fell about 3.6 percent in early trading on Tuesday after the firm’s CEO was arrested in the United States on suspicion of criminal sexual conduct and later released.
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JD.com shares fall after CEO's arrest and release
Chinese retailer JD.com Inc’s stock fell about 3.6 percent in early trading on Tuesday after the firm’s CEO was arrested in the United States on suspicion of criminal sexual conduct and later released. Richard Liu, who founded the firm in 1998, was arrested by police in the U.S. city of Minneapolis on Friday and released the next day before returning to China. Minneapolis police said on Sunday that “an active investigation” was under way. …read more […]
Business News
Emerging market woes mount as dollar hits the boosters
A rebound in Chinese shares and a rally in Italian bonds failed to keep Europe’s spirits up on Tuesday, as a renewed burst of dollar strength and news South Africa had slumped into recession ramped up the pressure on emerging markets again.
Business News
Lockheed to make wings for F-16 jet in India with partner Tata
Lockheed Martin will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the U.S. company said on Tuesday.
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Lockheed to make wings for F-16 jet in India with partner Tata
Lockheed Martin (LMT.N) will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the U.S. company said on Tuesday. Lockheed is bidding for a contract – estimated at more than $15 billion – to supply the Indian air force with 114 combat planes, which must be all manufactured locally under Prime Minister Narendra Modi’s flagship Make in India program. “Producing F-16 wings in India will strengthen Lockheed Martin’ strategic partnership with Tata and support Make in India,” the company said in a statement. …read more […]
Business News
Nike shares dip as Kaepernick ad spurs boycott
Shares of Nike Inc fell nearly 2 percent on Tuesday as calls for a boycott of the sportswear giant gained traction on social media after it chose Colin Kaepernick as a face for adverts marking the 30th anniversary of its “Just Do It” slogan.
Trading Ideas
Is Now a Good Time to Buy Gilead Sciences?
Trial results for promising drugs may help the company turn the corner, but declining sales remain a problem. …read more […]
Business News
Lockheed to build F-16 wings in India with Tata
Lockheed Martin will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the U.S. company said on Tuesday.