GM CEO Barra joins bargaining table in bid to end UAW strike: sources
General Motors Co Chief Executive Mary Barra and President Mark Reuss took part in contract talks with the United Auto Workers union on Tuesday, in a sign that a 30-day strike of 48,000 U.S. hourly workers could be nearing an end, two people briefed o…
Electric bike-sharing startup Wheels raises $50 million in latest funding round
Electric bike-sharing startup Wheels said it has raised more than $50 million in its latest funding round led by venture capital firm DBL partners, as the company looks to expand into the U.S. and international markets.
Whirlpool to close Italian plant amid protests
U.S.-listed white goods maker Whirlpool Corp said on Tuesday it would close its plant in Naples on Nov. 1, despite a final attempt by the Italian government to keep the site open.
D.E. Shaw pushes for break up of Emerson Electric
Hedge fund D.E. Shaw on Tuesday called for Emerson Electric Co to split itself into two separate businesses, arguing that the move could unlock more than $20 billion worth of shareholder value.
U.S. board to determine probable cause of Southwest engine failure that killed one
The U.S. National Transportation Safety Board (NTSB) said on Tuesday it will meet to determine the probable cause of the April 2018 uncontained engine failure of Southwest Airlines flight 1380 that killed a passenger who was partially sucked out the wi…
Goldman profit falls short on weak M&A advisory; WeWork weighs
Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as global economic worries dampened appetite for deals, while it faced up to losses on its own high-profile investments in Uber Technologies and WeWork.
Wells Fargo disappoints Wall Street as legal costs mount
Wells Fargo & Co missed third-quarter profit estimates on Tuesday as mortgage income sank and the fourth-largest U.S. bank by assets braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago.
JPMorgan beats profit estimates, says consumer remains strong
JPMorgan Chase & Co kicked off bank earnings on Tuesday by beating Wall Street estimates for quarterly profit by a wide margin, a signal that the U.S. consumer remains strong, executives at the largest U.S. bank said.
Experience, not nationality, key for new CEO at France’s Renault: minister
Experience in overhauling a company and a track record in industry will be more important than nationality when carmaker Renault chooses a new chief executive, France’s junior economy minister said on Tuesday.
Google unveils mid-tier Pixelbook Go laptop, wireless earbuds
Alphabet Inc’s Google on Tuesday unveiled a new mid-tier laptop aimed at users on the go, the first of several big announcements expected at the company’s annual hardware launch event.
