Business & Finance News
U.S. stocks opened higher on Tuesday after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth.
The U.S. Internal Revenue Service is auditing Uber Technologies Inc’s taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
Apple Inc Chief Executive Tim Cook denied that the company is a monopoly as the U.S. government gears up for a potentially unprecedented probe into whether the iPhone maker and other technology giants are misusing their massive market power.
Wall Street was set to open higher on Tuesday, bouncing back from a selloff in technology stocks a day earlier, after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth.
Royal Dutch Shell outlined plans on Tuesday to boost shareholder returns after 2020, while also increasing spending on oil, gas and power, as it capitalizes on years of cost cutting to prepare for a lower carbon future.
European stock markets and Wall Street futures clawed higher on Tuesday, though worries about a clampdown on the world’s internet and social media giants and mounting recession jitters kept caution levels high.
Renault directors were preparing to review Fiat Chrysler’s (FCA) $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said.
An Indian startup’s legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.
Prime Minister Theresa May will make clear to U.S. President Donald Trump on Tuesday that Britain is reviewing “the right policy” on Chinese company Huawei and its involvement in the UK’s 5G telecommunications network, her spokeswoman said.
The U.S. Internal Revenue Service is currently looking at Uber Technologies Inc’s taxes for 2013 and 2014, and the ride-hailing company said it expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
CVS Health Corp said it will offer expanded health services such as nutrition counseling and blood pressure screenings in 1,500 stores by the end of 2021, following through on plans announced during the pharmacy chain’s 2018 acquisition of health insurer Aetna.
Uber Technologies Inc is currently under a federal income tax examination by the Internal Revenue Service (IRS) for tax years 2013 and 2014, the ride-hailing company said in a filing https://www.sec.gov/Archives/edgar/data/1543151/000162828019007524/0001628280-19-007524-index.htm) on Tuesday.
The sudden deterioration in trade talks between the United States and China last month has ratcheted up concerns among U.S. firms that the dispute could go beyond tariffs and affect business in the long-term.
The U.S. Securities and Exchange Commission is investigating Siemens AG, Philips NV and General Electric Co for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, two U.S. sources with knowledge of the matter told Reuters.
Stock markets remained under pressure on Tuesday as worries about a clampdown on the world’s internet and social media giants compounded mounting global trade and recession jitters.
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