With contract expiration looming, UAW targets GM first for talks
The United Auto Workers union on Tuesday said that it would target General Motors Co first of the Detroit automakers for talks ahead of the current four-year contract’s expiration on Sept. 14.
Burger King to roll out Marfrig veggie burgers nationwide in Brazil in Nov
Burger King restaurants in Brazil will begin selling plant-based burgers developed by meatpacker Marfrig Global Foods SA in Sao Paulo city on Sept. 10, with a countrywide launch set for November, Marfrig said in a statement on Tuesday.
Executive’s flight to PSA highlights Renault-Nissan tensions
A senior Renault-Nissan executive has quit the troubled carmaking alliance to join Peugeot maker PSA Group , blaming Renault boss Thierry Bollore for forcing his exit.
Exclusive: ECB package could include rate cut, tiering, new guidance: sources
ECB policymakers are leaning toward a stimulus package that includes a rate cut, a beefed-up pledge to keep rates low for longer and compensation for banks over the side-effects of negative rates, five sources familiar with the discussion said.
Wall St. opens lower as U.S.-China trade tensions weigh
U.S. stocks fell broadly at the open on Tuesday, as Washington’s new round of tariffs on some Chinese goods kicked in and after a report that officials from both sides were struggling to decide on the schedule for a meeting this month.
Oil drops more than 2% as trade war rumbles and output swells
Oil prices fell more than 2% on Tuesday, weighed down by rising OPEC and Russian oil output as well as the protracted U.S.-China trade dispute that has dragged on the global economy.
Burger King to roll out Marfrig veggie burgers nationwide in Brazil in November
Burger King restaurants in Brazil will begin selling plant-based burgers developed by meatpacker Marfrig Global Foods SA in Sao Paulo city on Sept. 10, with a country-wide launch set for November, Marfrig said in a statement on Tuesday.
Dollar gains, world stocks tumble as trade tensions swirl
World stocks slipped and the dollar strengthened to its highest levels in more than two years on Tuesday as U.S.-China trade tensions drove investors to the relative shelter of gold, the Japanese yen and government debt.
Bayer hires former J&J executive for more pharma deals
Bayer said it hired Johnson & Johnson executive Marianne De Backer to manage acquisitions and licensing deals at its drugs unit, as the German drugmaker turns to outside sources to boost its development pipeline.
Barclays, Julius Baer bolster wealth business with ex-Credit Suisse bankers
Britain’s Barclays and Switzerland’s Julius Baer have targeted Credit Suisse’s International Wealth Management business, which in July saw the departure of its head Iqbal Khan, to hire a total of 14 bankers.
