Business & Finance News
A U.S. decision to subsidize its renewable energy companies and impose tariffs on imported products has seriously distorted the global market and harmed China’s interests, China’s Ministry of Commerce said late on Tuesday.
A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Soros Fund Management LLC added Facebook Inc , Apple Inc and Twitter Inc , but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.
Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday.
Tesla Inc’s board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.
Tribune Media Co said Tuesday it will pay bonuses to executives who worked for more than 15 months on its failed merger with Sinclair Broadcast Group Inc .
Warren Buffett’s Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel’s Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc .
Kroger Co has partnered with Alibaba Group Holding Ltd to sell nuts, supplements and other products in China, venturing outside the United States for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.
Bayer AG unit Monsanto faces long odds on an appeal blaming an “inflamed” jury and “junk science” for a verdict of $289 million in damages to a man who said the company’s Roundup weed killer caused his cancer, according to some legal experts.
Lockheed Martin Corp has been awarded a $2.9 billion U.S. defense contract for three Next Generation Overhead Persistent Infrared Geosynchronous Earth Orbit Space Vehicles, the Pentagon said on Tuesday.
Kroger Co has partnered with Alibaba Group Holding Ltd to sell its private label products in China, venturing outside the United States for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.
Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private this month.
Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday.
Sprint Corp said Tuesday it has partnered with phone manufacturer LG Electronics Inc to launch a 5G smartphone in the first half of next year, marking the first 5G device deal for the No. 4 U.S. wireless carrier.
World share markets rebounded on Tuesday as Turkey’s lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China’s giant economy.
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