Business & Finance News
U.S. pork prices have increased in recent weeks as a fatal pig disease in Asia is reducing global meat supplies, the chief executive of Tyson Foods Inc said on Tuesday, after the company posted lower-than-expected quarterly earnings.
President Donald Trump on Tuesday renewed his criticism of the Federal Reserve’s raising and then cutting of interest rates, saying the central bank had put the United States at a competitive disadvantage with other countries and calling for negative interest rates.
Thyssenkrupp has received bids from at least three major bidding groups for a majority stake in Thyssenkrupp’s elevator business, four people familiar with the matter said.
The S&P 500 and Nasdaq indexes rose to record highs on Tuesday as trade-sensitive technology stocks gained ahead of a much-awaited speech by President Donald Trump, which was likely to provide some clarity on the U.S.-China tariff talks.
McDonald’s Corp was sued on Tuesday by workers in Michigan who accused the fast-food chain of allowing pervasive sexual harassment to flourish at its restaurants nationwide.
The U.S. Federal Aviation Administration (FAA) said Tuesday it is revising its order requiring checks for structural cracks of Boeing 737 NG planes to cover an expanded inspection area.
Equity markets and government bond yields rose on Tuesday as investors awaited a speech by U.S. President Donald Trump on U.S. trade policy, in which he is expected to discuss talks with China and a tariff decision on European automakers.
D.R. Horton Inc topped expectations for quarterly profit and forecast 2020 home sales above analysts’ estimates, as cheaper mortgage rates buoyed demand from buyers, sending shares in the biggest U.S. homebuilder up as much as 6%.
Boeing Co took 10 new plane orders last month, but saw some customers swapping the U.S. planemaker’s grounded 737 MAX planes in favor of more expensive wide-body planes as doubts lingered about the MAX’s return to service.
Walt Disney Co said demand for its much-anticipated streaming service, Disney+, was well above its expectations in a launch on Tuesday marred by complaints from users about glitches and connection problems.
CBS Corp fell short of Wall Street estimates for third-quarter revenue on Tuesday, as a 19-day carriage dispute with AT&T Inc pressured advertising sales during the period.
German prosecutors on Tuesday sought charges against a current Volkswagen manager as well as a former manager and two former board members, accusing them of awarding works council members inflated salaries.
Dean Foods Co said on Tuesday it filed for Chapter 11 bankruptcy protection, months after the owner of TruMoo chocolate milk and Meadow Gold ice creams ended a strategic review and decided to remain as a standalone firm.
CBS Corp missed Wall Street estimates for quarterly revenue on Tuesday, sending its shares down nearly 2% in premarket trading.
Consumers complained about glitches in Walt Disney Co’s streaming service on Twitter, just hours after its highly anticipated launch.
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