Business & Finance News
German prosecutors are investigating a possible breach of fiduciary duty by Volkswagen over bonus payments made to an executive who was suspended over the carmaker’s emissions cheating scandal.
Pentagon’s No.1 weapons supplier Lockheed Martin Corp on Tuesday reported a 47 percent jump in quarterly profit and raised its 2019 profit forecast, sending shares up 4.5 percent before the bell.
U.S. stock index futures pointed to a subdued opening on Wall Street on Tuesday, as investors parsed through a fresh batch of reports from Coca-Cola, Twitter and a handful of industrial companies.
Procter & Gamble Co’s quarterly revenue beat Wall Street estimates on Tuesday, as it sold more beauty, fabric and home care products.
A simmering boardroom battle at toilet maker Lixil Group has emerged as a test case for whether minority shareholders can improve corporate governance in Japan, the man at the center of the tussle told Reuters.
Harley-Davidson Inc reported a 26.7 percent fall in quarterly profit on Tuesday, hit by a slide in sales in the United States and higher costs from European tariffs on imports of its motor bikes.
Coca-Cola Co beat estimates for quarterly sales on Tuesday, selling more water, sparkling soft drinks as well as new flavors of its signature sodas.
Toymaker Hasbro Inc reported a surprise rise in quarterly revenue on Tuesday as the box-office success of the “BumbleBee” movie drove sales of its Transformers action toys, sending its shares up nearly 9 percent.
Lyft Inc picked up upbeat ratings from the brokerage arms of its Wall Street underwriters on Tuesday, allowing the ride-hailing company to recover some of the damage done to its share price in the run-up to the debut of larger rival Uber Technologies Inc.
A South Korean delegation will head to Washington as early as this week for talks with U.S. officials after the United States announced plans to end all Iran sanction waivers, two South Korean government officials said on Tuesday.
Toymaker Hasbro Inc reported a surprise rise in quarterly revenue on Tuesday as it sold more of its Transformers toys and “Magic:The Gathering” collectible card game.
China’s Foreign Ministry said on Tuesday it has formally complained to the United States over its decision to end waivers on sanctions on Iranian oil imports, adding another fault line to already complicated Beijing-Washington ties.
A temporary government shutdown with no end in sight, rising trade conflicts and a global growth slowdown: the first quarter outlook for the U.S. economy did not look promising at the turn of the year.
Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher but largely failing to help the currencies of the main crude-oil producers.
Asian buyers of Iranian crude are well placed to overcome the end of U.S. sanctions waivers as they have demonstrated they can live without it and as global producers have the capacity to make up a shortfall, according to analysts and trade data.
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