- Wall Street set to open flat as focus shifts to Trump speech
Wall Street was set to open flat on Tuesday, as investors looked forward to a speech by President Donald Trump later in the day for clarity on U.S.-China trade relations.
- Global stocks climb, investors seek enlightenment from Trump on trade
World shares and benchmark government bond yields inched higher on Tuesday, as investors awaited a speech by U.S. President Donald Trump on U.S. trade policy and an inevitable maelstrom of headlines.
- Warren proposes 'corporate perjury' law related to industry-funded research
U.S. Senator Elizabeth Warren on Tuesday proposed a new "corporate perjury" law that she would pursue if elected to the White House, inspired by Exxon Mobil Corp's failure to share accurate climate change research with government regulators.
- MTV owner CBS misses quarterly revenue estimates
CBS Corp missed Wall Street estimates for quarterly revenue on Tuesday, sending its shares down nearly 2% in premarket trading.
- Tyson Foods earnings miss forecasts as slaughterhouse fire hurts beef sales
Tyson Foods Inc fell short of Wall Street estimates for quarterly revenue and profit on Tuesday after a fire at a Kansas slaughterhouse hurt sales volumes in its beef business, the company's biggest segment.
- Juul to cut $1 billion in costs as new CEO aims for reboot
Juul Labs Inc will cut nearly $1 billion in costs next year, a company official said on Tuesday, as its new chief executive officer tries to turn around the e-cigarette maker following a regulatory crackdown.
- Homebuilder Horton sees 2020 home sales above estimates, shares rise
D.R. Horton Inc topped expectations for profit and revenue in the fourth quarter 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 3%.
- German prosecutors indict current and former Volkswagen managers
German prosecutors on Tuesday filed charges against a current Volkswagen manager as well as a former manager and two former board members, accusing them of a breach of fiduciary trust in connection with salary awards to works council members.
- L'Oreal, Nestle score big at Alibaba's Singles' Day shopping fest
Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal and Nestle among the biggest winners, Alibaba data showed.
- Osram backs AMS takeover as auto downturn triggers 2019 loss
Osram urged shareholders to back a $5 billion takeover bid from Austria's AMS and said it would cut costs and not pay a dividend as it posted a loss for the fiscal year ending in September, hit by a downturn in the auto industry.
- Factbox: Sensor specialist AMS closes in on lighting group Osram
German lighting group Osram has urged its shareholders to back a $5 billion takeover bid from Austria's AMS after a previous offer at the same price failed last month to win enough backing to proceed.
- Markets hope for positive signs from Trump trade speech
U.S. President Donald Trump is scheduled to discuss the country's trade policy at the Economic Club of New York on Tuesday, and the markets are likely to hang on every word.
- Continental, Osram cut costs as autos downturn hits suppliers
Auto suppliers Continental and Osram plan deeper cost cuts after reporting weaker results on Tuesday, as a global slowdown hits the car industry.
- Nissan cuts profit forecast after 70% quarterly plunge
Nissan Motor Co reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11-year low, hit by a strong yen and falling sales, and highlighting the turmoil at the Japanese automaker after the ouster of Carlos Ghosn.
- Huawei to give staff $286 million bonus for helping it ride out U.S. curbs
Chinese telecoms giant Huawei Technologies said on Tuesday it will hand out 2 billion yuan ($286 million) in cash rewards to staff working to help it weather a U.S. trade blacklisting.
- Giant Aramco listing a critical test for young Saudi exchange
The imminent listing of oil giant Aramco will be a pivotal moment for Saudi Arabia's young and untested Tadawul stock exchange.
- Explainer: What a roll-back of Trump tariffs on Chinese goods may look like
The latest bargaining chip in U.S.-China negotiations to cool a 16-month-old trade war is whether President Donald Trump would roll back tariffs on hundreds of billions of dollars' worth of Chinese imports, and how soon.
- Trump expected to delay European auto tariff decision: EU officials
U.S. President Donald Trump is expected to announce this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported from the European Union, likely for another six months, EU officials said.
- Google signs healthcare data and cloud computing deal with Ascension
Alphabet Inc's Google has signed its biggest cloud computing customer in healthcare to date, in a deal giving it access to datasets that could help it tune potentially lucrative artificial intelligence (AI) tools.
- WeWork begins search for a new CEO: sources
WeWork has started a search for a new chief executive following the departure of co-founder Adam Neumann, people familiar with the matter said on Monday, as the U.S. office-sharing start-up seeks to reverse its widening losses.