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 past 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.
Stock futures flat ahead of Trump speech
U.S. stock index futures were largely flat on Tuesday, as investors turned their focus to a speech by President Donald Trump for clarity on U.S.-China trade relations.
Tyson Foods misses quarterly sales estimates
Tyson Foods Inc fell short of Wall Street estimates for quarterly sales on Tuesday, as the No.1 meat processor in the United States was hit by weakness in its beef business, its biggest segment, due to a drop in cattle processing capacity.
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.
