Business & Finance News
Asian stocks wobbled on Tuesday as simmering worries over the U.S.-China trade conflict offset positive leads from earnings-led gains on Wall Street.
The U.S. Justice Department wants to suspend its legal efforts to take possession of the superyacht Equanimity, impounded as part of a hunt for assets linked to the multi-billion dollar 1Malaysia Development Bhd (1MDB) scandal.
Asian stocks were largely steady on Tuesday, with worries over the U.S.-China trade conflict offsetting support from earnings-led gains on Wall Street.
A Chinese state newspaper on Tuesday described as “wishful thinking” U.S. President Donald Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war and an example of his “ability to elasticize the truth.”
Investor Carl Icahn will send an open letter to the shareholders of insurer Cigna Corp asking them to vote against the company’s $52 billion Express Scripts Holding Co buyout, the Wall Street Journal reported on Monday, citing a draft of the letter.
Facebook Inc said on Monday it is in talks to deepen links with banks and financial institutions, saying it can help the firms improve their customer service.
Sempra Energy’s Chief Executive Jeffrey Martin told investors on Monday the company was in a “constructive dialogue” with activist investor Elliott Management, which has been pushing for sweeping changes at the utility.
Marriott International Inc on Monday signaled weakness in revenue per available room (revPAR) in North America, its largest market, for the third quarter, sending shares of the world’s largest hotel chain down about 4 percent.
S&P 500 companies engaged in a brisk pace of share buybacks in the second quarter, putting them on track to near or beat the first quarter’s record level, according to a S&P Dow Jones Indices analysis.
Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.
The three major U.S. stock indexes closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services.
The U.S. government said on Monday the judge in the trial to stop AT&T Inc’s purchase of Time Warner failed to take into account the Justice Department’s arguments about how the deal would decrease competition.
U.S. stocks closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting the tech-heavy Nasdaq index after a report it was planning new services.
Tyson Foods Inc beat analysts’ quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies.
Oil futures gained on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran.
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