Brokerage Charles Schwab says to cut about 600 jobs
Discount brokerage company Charles Schwab Corp is cutting about 600 jobs after an internal review, a company spokeswoman confirmed on Tuesday.
Airlines see new government in Venezuela as key to repayment of debt: IATA
International airlines are pinning their hopes on a change of government in Venezuela before some $4 billion owned to the firms by the state might be repaid, a top executive with the International Air Transport Association (IATA) said on Tuesday.
Amid protests, U.S. lawmakers say Hong Kong rules could leak tech to China
A group of U.S. senators asked President Donald Trump’s administration on Tuesday to assess U.S. export rules for Hong Kong, expressing concern China could acquire sensitive technologies because of the city’s special treatment under U.S. law.
WeWork presses on with IPO, pushing SoftBank into a corner
Office-sharing startup WeWork is pressing ahead with plans to go public despite lukewarm interest in its shares, three sources said, leaving its largest investor, SoftBank Group , with a stark choice: take a haircut or pony up even more cash.
GE to lose majority control of Baker Hughes with up to $3 billion share sale
General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate’s stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday….
U.S. lawmakers worry Hong Kong rules could leak high tech to China
Senior U.S. senators asked President Donald Trump’s administration on Tuesday to assess U.S. export controls with regard to Hong Kong, expressing concern China could acquire sensitive technologies because of the city’s special treatment under U.S. law….
Apple reveals triple-camera iPhone; $5 monthly streaming TV undercuts Disney
Apple Inc caught up with hardware rivals on Tuesday by revealing a triple-camera iPhone, and it rolled out a streaming TV service priced at $5 a month, undercutting Disney and Netflix.
Baker Hughes says GE’s presence on its board to shrink
Baker Hughes said on Tuesday it would repurchase $250 million worth of its stock from General Electric Co and the industrial conglomerate’s presence in the oilfield services company’s board would shrink to one from five.
Wall Street mixed as investors flee growth for value
The S&P 500 ended little changed on Tuesday, with a rally in energy and industrial shares countering a drop in the technology and real estate sectors as investors favored value over growth.
Bond yields up, stocks flat on shifting ECB views
Bond yields climbed and a gauge of world stock markets recovered from previous lows to trade flat on Tuesday, as uncertainty grew over the mix of stimulus the European Central Bank will add to boost a slumping economy this week amid fresh signs global …
