Business & Finance News
At least 140 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc restaurant in Ohio, sending shares of the burrito chain down 8 percent in early trading.
Pfizer Inc Chief Executive Ian Read said on Tuesday that he believes the Trump administration intends to eliminate rebates on prescription drug purchases, but he does not know how quickly such a policy could be implemented.
Procter & Gamble Co’s fiscal fourth-quarter sales fell below Wall Street estimates on Tuesday, hurt by lower pricing and weak demand at its units that make Pampers diapers and Gillette shaving products.
U.S. stocks rose on Tuesday as technology stocks rebounded and a report said the United States and China were trying to restart negotiations to defuse a trade war between world’s two largest economies.
Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU, industry sources said.
Pfizer Inc lowered its revenue forecast for this year, blaming the stronger dollar, and increased its planned spending on research and development, as the drugmaker works to launch new drugs to replace declining sales from its established products like Viagra.
United Parcel Service Inc said it would partner with a Los Angeles-based company to develop an electric medium-duty delivery truck, as the package delivery company expands its fleet of alternative-fuel vehicles.
Brookfield Asset Management Inc said on Tuesday it would buy Forest City Realty Trust Inc in a deal valued at $11.4 billion, including debt, months after Forest City ceded board control to activist shareholders.
U.S. stocks opened higher on Tuesday as technology stocks rebounded after a widespread sell-off in the previous session and on a report that the U.S. and China seek to restart talks on trade.
U.S. consumer spending increased solidly in June as households spent more at restaurants and on accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
The Federal Reserve is expected to keep interest rates unchanged on Wednesday, but solid economic growth combined with rising inflation are likely to keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates.
Wall Street was set to open higher on Tuesday as technology stocks looked to rebound after a widespread sell-off in the prior session and as economic data showed U.S. consumer spending rose solidly in June.
U.S. consumer spending increased solidly in June as households spent more on restaurants and accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
U.S. labor costs increased in the second quarter as employers boosted benefits for workers, leading to the largest annual increase since 2008.
Britain’s financial watchdog should get new powers to regulate business loans after it was unable to punish Royal Bank of Scotland for its “deficient” treatment of customers, lawmakers said on Tuesday.
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