Business & Finance News
U.S. stock indexes were set to open higher on Tuesday, with futures recovering from overnight declines, as investors pinned their hopes on a resolution to the protracted U.S.-China trade dispute despite mixed signals from both sides.
U.S. house prices rose solidly in June, but the pace of appreciation is slowing, which together with declining mortgage rates could boost the struggling housing market.
J. M. Smucker Co cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, hit by weak sales of its pet food, coffee and peanut butter, sending its shares down 6%.
Ericsson and Deutsche Telekom will team up to tap rising demand for mobile technology at industrial sites in Germany, as communications providers seek local uses for 5G with national deployment still years away.
U.S. stock index futures recovered from overnight declines on Tuesday, pointing to a positive start for Wall Street as investors assessed conflicting comments from Washington and Beijing on their long-drawn trade dispute.
Papa John’s International Inc on Tuesday named Arby’s Restaurant Group Inc President Rob Lynch as its chief executive officer, replacing Steve Ritchie barely 19 months after he took the role, sending the shares of the world’s third largest pizza chain up 3%.
Norway’s $1 trillion sovereign wealth fund should shift billions in investments from European stock markets and instead invest more in the United States and other North American markets to seek higher returns, the fund’s manager recommended on Tuesday.
U.S. hypermarket chain Costco Wholesale Corp was forced to shut its first store in China early on its opening day on Tuesday, according to state media, after large crowds flocked through the door and caused traffic jams in the Shanghai neighborhood.
J. M. Smucker Co on Tuesday cut its full-year earnings forecast and missed Wall Street estimates for quarterly profit and sales, blaming competition in the pet food industry and its move to cut prices on its peanut butter and coffee.
World shares gained on Tuesday as some investors held out hopes for a trade deal between the United States and China, even though they continued to raise tariffs on each other last week.
BlackRock Inc is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world’s largest asset manager showed on Tuesday.
Public prosecutors on Tuesday raided offices of German exchange operator Deutsche Boerse as part of a broader investigation into a fraudulent share-trading scheme, Cologne public prosecutor’s office said.
Ferdinand Karl Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German company from a struggling midsized carmaker into a global automotive powerhouse, has died, his wife said in a statement.
Norway’s $1 trillion sovereign wealth fund, the world’s largest, should shift billions in investments from European stock markets and instead invest more in the United States and other North American markets, the fund’s manager recommended on Tuesday.
EU regulators are checking Google for Jobs to see if the company unfairly favors its fast-growing tool for searching job listings, Europe’s antitrust chief said on Tuesday.
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