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Macy's new restructuring to cut 100 senior jobs, save $100 million annually
Tue, 26 Feb 2019 13:26:50 -0500
Macy's Inc, the largest U.S. department store chain, said on Tuesday it would cut 100 senior management positions to reduce…
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Fiat Chrysler to invest $4.5 billion in Michigan to add new Jeep SUV models
Tue, 26 Feb 2019 12:59:30 -0500
Fiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five plants to build new models of…
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With OPEC likely to ignore Trump, oil prices stabilize
Tue, 26 Feb 2019 12:55:54 -0500
Oil futures steadied on Tuesday on signs that OPEC plans to maintain production cuts despite pressure from U.S. President Donald…
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AT&T defeats U.S. in merger fight to buy Time Warner
Tue, 26 Feb 2019 12:55:12 -0500
A U.S. appeals court approved wireless carrier AT&T Inc's deal to buy media company Time Warner on Tuesday, a defeat…
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Senators tell drug company executives pricing is 'morally repugnant'
Tue, 26 Feb 2019 12:36:38 -0500
U.S. Senators called drug pricing practices "morally repugnant" and told drug company executives they do not want to hear them…
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Senators say will support Judiciary panel if it looks into drug patents
Tue, 26 Feb 2019 12:34:51 -0500
Republican Senators John Cornyn and Chuck Grassley said on Tuesday that they would support the powerful Senate Judiciary committee if…
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Exclusive: Brazil's state bank Caixa close to selling $2.4-billion Petrobras stake - sources
Tue, 26 Feb 2019 12:33:20 -0500
Brazilian state-owned bank Caixa Economica Federal is close to selling a 9-billion-real ($2.4 billion) stake it owns in oil company…
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UAW sues GM over decision to end production at U.S. plants
Tue, 26 Feb 2019 12:31:43 -0500
The United Auto Workers union on Tuesday filed suit against General Motors Co over its decision to end production and…
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Mexico president seeks investigation of losses at Pemex plants
Tue, 26 Feb 2019 12:30:11 -0500
Mexico's president said on Tuesday his government would push for an investigation into the hundreds of millions of dollars squandered…
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Tech stocks help S&P inch higher, Home Depot weighs on Dow
Tue, 26 Feb 2019 12:24:00 -0500
The S&P 500 eked out gains on Tuesday, boosted by technology sector, but losses in consumer discretionary shares including Home…
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Fed's Powell sees solid but slower U.S. economic growth in 2019
Tue, 26 Feb 2019 12:23:40 -0500
The U.S. economy will grow at a solid though slower pace in 2019 and the Federal Reserve will remain "patient"…
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Instant View: Powell - Fed remains patient deciding on further hikes
Tue, 26 Feb 2019 12:23:40 -0500
Rising risks and recent soft data shouldn't prevent solid growth for the U.S. economy this year, but the Federal Reserve…
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Tesla's Musk must address SEC contempt bid as he calls agency 'broken'
Tue, 26 Feb 2019 12:23:06 -0500
A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explain by March 11 why he should…
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Dutch shell firms used to pay millions in Brazilian bribes: prosecutors
Tue, 26 Feb 2019 12:13:21 -0500
Prosecutors raided locations across the Netherlands on Tuesday as part of an investigation into the alleged use of shell companies…
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Ferrero re-starts production at biggest Nutella plant
Tue, 26 Feb 2019 12:11:33 -0500
Italian confectioner Ferrero on Monday restarted production at the biggest production plant of its Nutella spread, which was halted last…
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Walmart hopes to boost ad business by letting P&G, Unilever advertise in stores, online
Tue, 26 Feb 2019 12:09:37 -0500
Walmart Inc will allow consumer companies like Procter & Gamble, Unilever and Mondelez International Inc to advertise to shoppers in…
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Boeing nominates former U.N. ambassador Haley to join its board
Tue, 26 Feb 2019 11:54:56 -0500
U.S. aerospace manufacturer Boeing Co said on Tuesday it has nominated Nikki Haley, former U.S. ambassador to the United Nations…
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StanChart gets approval to open unit in Saudi Arabia
Tue, 26 Feb 2019 11:22:18 -0500
Saudi Arabia's cabinet approved a license for Standard Chartered to open a unit in the kingdom, the state news agency…
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Hapag-Lloyd says U.S. shipping probe closed, free of obligations
Tue, 26 Feb 2019 11:18:46 -0500
Germany's Hapag-Lloyd is cleared of a U.S. Department of Justice probe into the practices of container shipping companies, with no…
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Thomson Reuters posts earnings beat, hunts for acquisitions
Tue, 26 Feb 2019 11:15:15 -0500
Thomson Reuters reported better-than-expected earnings on Tuesday, helping push its shares to a record high, and said it is continuing…