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Northrop Grumman wins U.S. antitrust approval to buy Orbital ATK
WASHINGTON (Reuters) – U.S. defense contractor Northrop Grumman won U.S. antitrust approval to buy solid rocket motor supplier Orbital ATK, Inc , with conditions, the Federal Trade Commission said on Tuesday.
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Tesla’s Musk says ‘quite likely’ will meet Model 3 goal; directors re-elected
(Reuters) – Tesla Inc Chief Executive Elon Musk said on Tuesday that a goal of building 5,000 Model 3s per week by the end of June was “quite likely” as the company’s production lines were now demonstrating the ability to build 3,500 vehicles per week.
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Tesla shareholders defeat proposal to separate Musk’s roles
(Reuters) – Tesla shareholders at an annual meeting on Tuesday re-elected three directors and voted against a proposal to split the chairman and chief executive jobs, both of which billionaire Elon Musk holds.
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Amazon goes all-in on Jordan Peele's TV shows
Amazon has signed a deal with Jordan Peele, the New York Times reports, that, …read more […]
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HP sees up to 5,000 job cuts as part of restructuring plan
(Reuters) – HP Inc now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on Tuesday.
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Mercedes-Benz subscription service launches with pricing between $1,000 and $3,000 a month
The program is only available in Nashville and Philadelphia for now …read more […]
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U.S. retailers, restaurants say tax law ‘drafting error’ delays investments
WASHINGTON (Reuters) – A coalition of retailers and restaurants on Tuesday asked the U.S. Congress to fix a “drafting error” in December’s tax-cut bill that they said is deterring companies from investing in their stores.
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America Movil to launch new U.S. unit for business clients
MEXICO CITY (Reuters) – Mexican telecommunications company America Movil, controlled by the family of Mexican billionaire Carlos Slim, is launching a U.S.-based unit that will offer information technology and communications to business customers, according to a source and a document on the company’s website.
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Nasdaq ends at record close, S&P edges higher on data
(Reuters) – The Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors, while the S&P 500 edged higher as investors eyed solid U.S. economic data.
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Expect disagreements over tariffs at G7 summit: Canada official
OTTAWA (Reuters) – The Group of Seven leading industrial nations at its summit this week is poised to disagree over U.S. metals tariffs, which have infuriated Canada and European Union members of the bloc, a Canadian official said on Tuesday.
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Exclusive: China’s ZTE signed preliminary agreement to lift U.S. ban – sources
(Reuters) – ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing the Chinese telecommunications equipment maker to get back into business, according to sources familiar with the matter.
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Aiming at Trump strongholds, Mexico hits back with trade tariffs
Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of U.S. congressional elections in November. Mexico’s response further raises trade tensions between the two countries and adds a new complication to efforts to renegotiate the trillion-dollar North American Free Trade Agreement between Canada, the United States and Mexico. American pork producers, for whom Mexico is the largest export market, were dismayed by the move. …read more […]
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S&P 500 edges up, Nasdaq hits record on strong economic data
NEW YORK (Reuters) – The S&P 500 edged higher on Tuesday as investors were encouraged by U.S. economic data, and the Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors.
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Handbag designer Kate Spade found hanged in apparent suicide
Kate Spade, a fashion designer known for her sleek handbags, was found hanged in the bedroom of her Park Avenue apartment Tuesday in an apparent suicide, police said. Spade’s body was found by a housekeeper not long after 10 a.m., police said at an afternoon news conference. …read more […]