Business & Finance News
Stock markets edged up modestly on Tuesday, with trading thin in the United States, while the dollar and Treasury yields held steady, as Americans went to the polls in a pivotal midterm election that could shift the balance of power in Congress.
A panel of three federal appeals court judges named by former presidents Ronald Reagan, Bill Clinton and Barack Obama will hear the Justice Department’s appeal of a ruling allowing AT&T Inc to acquire Time Warner, court records show.
European shares ended a choppy session in negative territory on Tuesday as investors punished companies like Zalando that missed expectations and remained cautious while waiting for the results of U.S. mid-term elections.
Prosecutors searched the Munich offices of BlackRock on Tuesday, a person with knowledge of the matter said, as part of the country’s largest post-war fraud investigation.
Rival consortia led by U.S. buyout fund KKR and Germany’s insurer Allianz are among the four main contenders for a stake in the fiber network business of Dutch-based telecom company Altice , sources said.
Iran’s oil minister said on Tuesday that U.S. sanctions on Iranian crude exports mean difficult days for oil consumers worldwide, adding that waivers issued by Washington to eight importing countries will not satisfy market demand.
The National Highway Traffic Safety Administration is closing an investigation into nearly 50,000 Ford Motor Co Explorer Police Interceptor vehicles over reports of sudden brake failures, it said on Tuesday, without seeking a recall.
Eli Lilly and Co’s diabetes drug Trulicity helped power higher-than-expected third-quarter profit on Tuesday, while sales of some other newer treatments fell short of Wall Street estimates.
Walt Disney’s $71.3-billion offer to buy Twenty-First Century Fox Inc’s entertainment assets won approval from the European Commission on Tuesday, subject to Disney selling interests in factual TV channels in Europe.
U.S. stocks ticked higher in thin trading on Tuesday, supported by strong earnings and a rebound in technology stocks from a two-day selloff, while investors braced for the outcome of U.S. midterm elections.
Bitcoin has experienced one of its worst annual price performances of its short 10-year-old life but also appears to have become more stable in the process.
Wells Fargo & Co said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected.
Thomson Reuters Corp is looking to make “substantive” acquisitions to boost its legal and tax units after selling a majority stake in its financial terminal business, Chief Executive Jim Smith said on Tuesday.
German prosecutors searched the Munich offices of fund investor Blackrock on Tuesday in connection with an investigation of dividend stripping trades, a person with knowledge of the matter told Reuters.
U.S. stocks opened flat on Tuesday as investors awaited the outcome of U.S. midterm elections that could shape the future of Donald Trump’s presidency and test his tax and trade policies.
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