Business & Finance News
Electric bike-sharing startup Wheels said it has raised more than $50 million in its latest funding round led by venture capital firm DBL partners, as the company looks to expand into the U.S. and international markets.
U.S.-listed white goods maker Whirlpool Corp said on Tuesday it would close its plant in Naples on Nov. 1, despite a final attempt by the Italian government to keep the site open.
Hedge fund D.E. Shaw on Tuesday called for Emerson Electric Co to split itself into two separate businesses, arguing that the move could unlock more than $20 billion worth of shareholder value.
The U.S. National Transportation Safety Board said Tuesday it will meet to determine the probable cause of the April 2018 engine failure of Southwest Airlines flight 1380 that killed a passenger who was partially sucked out the window.
Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as global economic worries dampened appetite for deals, while it faced up to losses on its own high-profile investments in Uber Technologies and WeWork.
Alphabet Inc’s Google on Tuesday unveiled a new mid-tier laptop aimed at users on the go, the first of several big announcements expected at the company’s annual hardware launch event.
General Motors Co Chief Executive Mary Barra and President Mark Reuss took part in contract talks with the United Auto Workers union on Tuesday in a sign that a 30-day-long strike of 48,000 U.S. hourly workers could be nearing an end, two people briefed on the talks said on Tuesday.
Wall Street was off to a strong start on Tuesday as upbeat earnings reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America.
Intel Corp has agreed to purchase a software business from Toronto-based Pivot Technology Solutions Inc for $27 million, the U.S. chipmaker said on Tuesday.
HSBC Holdings has hired U.S. investment bank Lazard Ltd to sell its French retail business, a source close to the matter told Reuters, as part of a plan by new interim chief executive Noel Quinn to reduce costs across the banking group.
U.S. stocks opened higher on Tuesday, as strong earnings reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America.
Goldman Sachs Group Inc missed Wall Street’s estimates for quarterly profit on Tuesday as global economic worries dampened appetite for deals and share sales.
Wall Street was set to open higher on Tuesday, as strong earnings reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America.
Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on last year for what industry sources say is the fastest growing revenue source in investment banking.
BlackRock Inc , the world’s largest asset manager, exceeded analysts’ estimates for quarterly profit on Tuesday, as investors poured money into its fixed-income funds and cash management business amid worries about global growth.
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