Business & Finance News
Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the Italian American auto maker said on Tuesday.
McDonald’s Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world’s biggest fast food chain, sending its shares down 4%.
Facebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the “ideal messenger” for its Libra cryptocurrency project, given ongoing criticism of the company.
U.S. crude stockpiles likely rose for the sixth straight week, while refined products stockpiles likely fell last week, an extended Reuters poll showed on Tuesday.
Four days after leaked internal pilot messages set off a media firestorm for Boeing Co., former colleagues have defended a former pilot who voiced concerns about unreported 737 MAX software problems two years before fatal crashes.
S&P Global Ratings lowered its outlook for Boeing Co to “negative” from “stable” on Tuesday, after reports that the planemaker may have misled the U.S. Federal Aviation Administration about problems with the anti-stall software on its grounded 737 MAX jet.
The S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports eased concerns over the fallout from the fragile U.S.-China trade relationship, but Facebook pressured Nasdaq after the company was hit with an expanded New York-led probe.
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global’s Swiss cable business UPC.
Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but it forecast a lower cash flow for next year and shares dipped in afternoon trading.
Oil giant Saudi Aramco’s much-vaunted stock market listing was delayed after deal advisers said they need more time to lock in cornerstone investors, three sources with direct knowledge of the matter told Reuters.
The S&P 500 and Dow Jones indexes rose on Tuesday, lifted by upbeat corporate earnings reports that eased concerns over the fallout from the U.S.-China trade war, but a decline in shares of Facebook hurt the Nasdaq.
Mario Draghi hands over power at the European Central Bank to Christine Lagarde amid fierce debate over the ultra-loose money policies he spearheaded to aid a eurozone recovery from the financial crisis.
Centene Corp said on Tuesday its deal for WellCare Health Plans could close sooner than previously expected and posted a profit that edged past Street estimates, reassuring investors of strength in its core Medicaid business.
Hasbro Inc fell well below Wall Street estimates for quarterly profit on Tuesday, as the toy maker wrestled with higher shipping and warehousing costs due to U.S. tariffs on Chinese imports, sending its shares down about 18%.
Spain’s High Court will investigate whether Russian tycoon Mikhail Fridman deliberately acted to depress the share price of struggling supermarket chain DIA in his bid to take control of the group, a court document seen by Reuters showed.
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