U.S. third-quarter labor cost growth slashed; productivity weak
Growth of U.S. labor costs was not as robust as initially thought in the third quarter, suggesting inflation could remain tame in the near term.
McDonald’s could sell over 250 million Beyond Meat burgers in U.S. annually: UBS
McDonald’s Corp is selling only 20-30 plant-based Beyond Meat burgers per day in Canadian restaurant testing, although sales are reaching 100 burgers a day in more densely populated areas in the country, industry checks by UBS showed.
Exxon Mobil prevails in New York climate change lawsuit
A judge on Tuesday ruled in favor of Exxon Mobil Corp in a lawsuit brought by New York state accusing the oil company of hiding from investors the true cost of addressing climate change.
AFL-CIO labor union endorses USMCA trade deal
The major AFL-CIO labor union on Tuesday said it was endorsing the U.S.-Mexico-Canada trade agreement after working with lawmakers and members of President Donald Trump’s administration to make changes to the proposal first introduced in 2017.
Watches of Switzerland scopes out further acquisitions in U.S
Watches of Switzerland is considering buying more stores in the United States and predicted on Tuesday that luxury watch demand will hold up in the U.S. and Britain, where it has just bought four shops from Fraser Hart.
Pelosi to speak on USMCA as officials close in on trade deal
U.S. House Speaker Nancy Pelosi will hold a news conference on Tuesday to discuss the U.S. Mexico Canada (USMCA) trade deal as U.S. and Canadian officials prepared to fly to Mexico City to work on final changes to the agreement.
Trump says U.S., Mexico, Canada trade pact ‘looking good’
Efforts to finalize the United States-Mexico-Canada Agreement (USMCA) were “looking good,” U.S. President Donald Trump said in a tweet on Tuesday shortly before U.S. House Speaker Nancy Pelosi was scheduled to discuss the trade deal at a news conferenc…
Wall Street opens flat as Netflix, JPM losses overshadow trade hopes
Wall Street’s main indexes were little changed at the open on Tuesday, with losses in Netflix and JPMorgan overshadowing a report that the United States and China were planning to delay a new round of tariffs set to kick in on Dec. 15.
Schlumberger CFO Simon Ayat to be replaced by Stephane Biguet
Schlumberger NV Chief Financial Officer Simon Ayat is stepping down after nearly 12 years in the role and will be replaced by second-in-command Stephane Biguet, the top oilfield services provider said on Tuesday.
U.S. third-quarter labor costs revised down; productivity weak
Growth of U.S. labor costs was not as robust as initially thought in the third quarter, suggesting inflation could remain tame for a while.
