FRANKFURT (Reuters) – Volkswagen and Ford are in preliminary talks over a development and production alliance for commercial transporter vans, two sources familiar with the matter said on Tuesday.
OKLAHOMA CITY (Reuters) – Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell.
LONDON (Reuters) – Britain said Rupert Murdoch’s Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if it buys all of its parent Sky, paving the way for a takeover battle over the pay-TV group.
BEIJING/WASHINGTON (Reuters) – China accused the United States on Tuesday of “extreme pressure and blackmailing” and vowed to retaliate after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods in an escalation of the trade conflict between the world’s two biggest economies.
OKLAHOMA CITY (Reuters) – Activist investor Carl Icahn on Tuesday won at least four seats on the board of SandRidge Energy , winning a battle for control of the U.S. shale producer that he wants to sell to others or buy himself.
(Reuters) – U.S. stocks slumped on Tuesday, with the Dow Jones Industrial Average erasing its gains for the year, as markets were rattled by a sharp escalation of the trade dispute between the United States and China.
U.S. President Donald Trump, in an unexpectedly swift and sharp move, threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate. Trump said his move followed China’s decision to raise tariffs on $50 billion in U.S. goods, which came after U.S. announced similar tariffs on Chinese goods on Friday. At 9:40 a.m. ET, the Dow Jones Industrial Average was down 300.90 points, or 1.20 percent, at 24,686.57. …read more […]
(Reuters) – U.S. stocks opened lower on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened worries that tit-for-tat tariffs could spiral into a trade war.
(Reuters) – Wall Street was set to open sharply lower on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened concerns that tit-for-tat tariffs could spiral into a trade war.
These fool.com contributors looked into the future and came away with three companies that have one common thread. …read more […]
(Reuters) – Fender Musical Instruments Corp, the iconic electric guitar maker whose instruments have powered music from Eric Clapton to contemporary acts like Daniel Caesar, is replacing its biggest-selling lineup of guitars as its sales tick up.
In 1999, before Google was a well-known (or well-funded) company, founders Larry Page and Sergey Brin were discussing their company with a new board member. Page and co-founder Sergey Brin’s goal was to “organize the world’s information and make it universally accessible and useful,” recalls venture capitalist John Doerr in his book “Measure What Matters.” But first, Doerr — who had already invested $11.8 million to take a 12% ownership stake and a board seat — had to help them organize their newly incorporated company. …read more […]
LOS ANGELES (Reuters) – Package delivery company UPS on Tuesday said it will invest $130 million to buy 730 compressed natural gas vehicles and build five more domestic CNG fueling stations as the industry moves to shift from petroleum-burning vehicles to those that use less-polluting alternative fuels.
VIENNA/MOSCOW (Reuters) – Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group including Iran.
(Reuters) – Futures on the three main U.S. indexes slumped more than a percent on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened concerns that tit-for-tat tariffs could spiral into a trade war.
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