Business & Finance News
Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees were kicked out for heckling executives and board members.
Shares in Twitter Inc jumped 13 percent on Tuesday after the social media company reported quarterly revenue above analyst estimates, which executives said was the result of weeding out spam and abusive posts and targeting ads better.
The S&P 500 inched toward a record high on Tuesday, as a clutch of better-than-expected earnings reports eased concerns of slowing corporate profits and sparked a broad-based rally.
Lockheed Martin Corp reported better-than-expected quarterly profit on Tuesday as U.S. President Donald Trump’s looser policies on foreign arms sales boosted demand for missiles and fighter jets.
Lyft Inc received some badly needed support on Tuesday, as analysts at banks that had worked on its initial public offering urged clients to buy the ride-hailing company’s beleaguered shares.
President Donald Trump’s decision to end all waivers that allowed importers of oil from Iran to avoid economic sanctions will not result in higher oil prices, White House economic adviser Larry Kudlow said on Tuesday.
Electric carmaker Lucid Motors on Tuesday named Peter Rawlinson, former chief engineer of Tesla Inc’s Model S, as its chief executive officer, effective immediately.
Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.
U.S. Vice President Mike Pence will visit southeast Michigan on Wednesday to make the case that the North American trade deal intended to replace NAFTA would boost the auto industry, the White House said on Tuesday.
The U.S. National Highway Traffic Safety Administration said on Tuesday it is expanding a probe into potentially defective air bags to 12.3 million vehicles and upgrading it to an engineering analysis, a step required before it can seek to compel recalls.
Harley-Davidson Inc stuck with a cautious outlook for 2019 on Tuesday that indicated its struggles with long-term competitive problems even as President Trump changed tune on the company, promising to stand up for it in global trade talks.
Pensions & Investment Research Consultants (PIRC), which advises pension schemes and other investors, recommended on Tuesday that investors in Boeing oppose the re-election of Dennis A. Muilenburg as chairman and chief executive officer.
United Technologies Corp posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, boosted by robust demand for aircraft parts at one of the manufacturers better placed to ride out the fallout of the Boeing 737 MAX groundings.
Strong demand for Coca-Cola Co’s low-calorie Coke Zero, new orange-vanilla cola and flavored waters pushed the beverage maker’s quarterly sales and profit well above Wall Street estimates, sending its shares up 2.2 percent on Tuesday.
Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude.
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