Google job search tool under EU microscope
EU regulators are checking Google for Jobs to see if the company unfairly favors its fast-growing tool for searching job listings, Europe’s antitrust chief said on Tuesday.
Weak dog food sales hit Smucker results; shares tumble
J. M. Smucker Co cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, as sales of its Nutrish dog food brand were hit by fierce competition, triggering a 10% drop in its shares.
Philip Morris in merger talks with Altria; e-cigs a focus
Philip Morris International Inc and Altria Group Inc are discussing an all-stock merger, potentially reuniting two of the world’s largest tobacco companies after more than a decade, in a deal aimed at domination of the fast-growing electronic-cigaret…
Mercedes Benz Brazil to invest 1.4 billion reais for new trucks, but exports still weak
The Brazil unit of Mercedes Benz, the local market leader in trucks and buses, said on Tuesday it will invest 1.4 billion reais ($340 million) to launch of a new line of trucks as it expects the domestic market to grow in 2020, even if exports could fa…
Trade optimism pushes Wall Street higher
Wall Street’s main indexes rose for the second straight session on Tuesday, supported by broad-based gains as investors pinned their hopes on a resolution to the protracted U.S.-China trade dispute despite mixed signals from both sides.
JPMorgan considers sale of $1 billion AARP credit-card portfolio: Bloomberg
JPMorgan Chase & Co is looking to sell the credit-card portfolio it built through a partnership with the nonprofit AARP, Bloomberg reported on Tuesday, citing people familiar with the matter.
Oil up 1% as hopes grow for U.S.-China trade breakthrough
Oil prices rose more than 1% on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming concerns raised by an earlier round of tit-for-tat tariff hikes.
Thiel’s Founders Fund sells remaining Facebook shares
Early Facebook Inc backer, Founders Fund, has sold all of its holdings in the social media giant as part of a previously established trading plan by the venture capital firm’s partner, Peter Thiel, according to a regulatory filing from late Monday.
Philip Morris in talks to merge with Altria
Philip Morris International Inc and Altria Group Inc said on Tuesday they were in talks for an all-stock merger, potentially reuniting the tobacco giants after more than a decade.
Wall Street opens higher, trade hopes build
U.S. stocks opened higher on Tuesday as investors held their hopes on a resolution to the prolonged trade dispute between the world’s two largest economies despite mixed signals from both sides.
