Business & Finance News
Volkswagen on Tuesday said it will launch an entry-level JETTA brand in China in the third quarter this year, as a way to capture first-time buyers in the world’s largest car market which has started to sputter.
Home Depot Inc forecast full-year earnings well below Wall Street estimates on Tuesday and reported disappointing quarterly sales, with analysts pointing to the impact of a snowy U.S. winter on construction activity.
Boeing Co said on Tuesday it has nominated Nikki Haley, former U.S. ambassador to the United Nations, to be elected as a director at the company’s annual meeting of shareholders on April 29.
Macy’s Inc on Tuesday announced a restructuring plan that would cut the complexity of its top management structure to speed up decision-making and reduce costs.
U.S. stock futures edged lower on Tuesday, hit by losses in Home Depot and Caterpillar shares, while investors awaited Federal Reserve Chair Jerome Powell’s testimony on monetary policy.
JPMorgan Chase & Co on Tuesday maintained its key profit goal for its medium-term outlook of three years, according to an investor presentation ahead of its 12th annual investor day.
British retailer Marks & Spencer (M&S) is in talks with Ocado to form a joint venture that would give M&S a full online food delivery service for the first time, sending shares in both groups jumping on Tuesday.
A manager at Brazilian iron ore miner Vale SA told authorities the firm’s executive board knew there had been a “decrease in security” at a dam that burst in January, killing hundreds, according to a newspaper report on Tuesday.
Goldman Sachs Group Inc said it expects losses related to ongoing lawsuits to be about up to $1.9 billion more than the money it set aside for legal matters.
Thomson Reuters on Tuesday reported a 9 percent rise in quarterly revenue, stripping out the impact of currency, helped by higher sales at its Legal and Tax & Accounting businesses.
Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board members, complicating efforts to revamp South Korea’s second-biggest conglomerate.
Brazilian planemaker Embraer said on Tuesday that a key shareholder meeting to vote on the sale of 80 percent of its commercial aviation business to Boeing Co can proceed as scheduled on Tuesday morning.
British retailer Marks & Spencer is in talks with online supermarket Ocado to secure a food delivery service for the first time, sending shares in both groups soaring.
Thomson Reuters on Tuesday reported a 9 percent rise in quarterly revenue, stripping out the impact of currency, helped by higher sales at its Legal and Tax & Accounting businesses.
Shares in Tesla Inc could fall by a fifth in value if the U.S. Securities and Exchange Commission’s latest attack on Chief Executive Officer Elon Musk sees the regulator again push for his removal, according to J.P. Morgan analysts.
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