Beyond Meat butchered as stock sale ban lifted
Shares of Beyond Meat Inc plunged more than 20% on Tuesday as investors rushed to cash in after a restriction on selling stock lifted and worries mounted about rising costs and increased competition at the hugely popular plant-based meat producer.
Oil mixed on forecast of falling U.S. fuel stockpiles
Oil prices were mixed on Tuesday, paring earlier steep losses as investors focused on signs that U.S.-China trade tensions could ease next month and expectations that U.S. refined product stockpiles declined last week.
IAC must face Tinder co-founder’s $2 billion lawsuit: NY appeals court
A New York state appeals court on Tuesday rejected IAC/InterActiveCorp’s bid to dismiss a $2 billion lawsuit by a group of Tinder founders, executives and early employees who said it undervalued the dating app to avoid paying them billions of dollars….
KKR earnings slide 23% as weaker deal activity hits revenue
Private equity firm KKR & Co reported a 23% year-on-year drop in its quarterly after-tax distributable profit on Tuesday, as fee revenue slid amid a broader slowdown in asset sales by buyout firms.
Amazon drops grocery delivery fee as competitors close in
Amazon.com Inc is eliminating its grocery delivery charge for Prime members in the United States and making shopping easier by combining AmazonFresh and Whole Foods Market ordering on a single site, as it battles rival grocery sellers like Walmart Inc …
Apple Pay in EU antitrust spotlight as regulators seek details
Apple Inc faces more regulatory woes in Europe as EU antitrust regulators ask online sales companies whether they have been told to use its mobile payment service instead of rival services, an EU document seen by Reuters showed.
New Juul CEO reshuffles top deck to fix image
Juul Labs Inc said on Tuesday its finance and marketing heads will step down, as new chief executive officer revamps top management in a bid to rebuild the e-cigarette maker’s public image amid intense scrutiny from regulators and lawmakers.
U.S. shipping sanctions to dent demand for dirty shipping fuel: Refinitiv
U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result — less burning of the dirtiest marine fuels at sea at the start of next year, Refinitiv data showed on Tuesday.
Airbus-owned Stelia Aerospace to build Portugal assembly plant
Stelia Aerospace, owned by European planemaker Airbus , will open a 40 million euro ($44 million) assembly plant near Porto in Portugal, creating 240 jobs, company and government officials said on Tuesday.
Exclusive: U.S.-China trade deal might not be ready for signing in Chile – U.S. official
An interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected but that does not mean the accord is falling apart, a U.S. administration official said on Tuesday.
