U.S. house prices rise in June, but momentum slowing
U.S. house prices rose solidly in June, but the pace of appreciation is slowing, which together with declining mortgage rates could boost the struggling housing market.
Lower pet food demand hits Smucker results, shares fall
J. M. Smucker Co cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, hit by weak sales of its pet food, coffee and peanut butter, sending its shares down 6%.
Ericsson, Deutsche Telekom team up for industrial 5G services in Germany
Ericsson and Deutsche Telekom will team up to tap rising demand for mobile technology at industrial sites in Germany, as communications providers seek local uses for 5G with national deployment still years away.
Stock futures edge higher as investors weigh mixed signals on trade war
U.S. stock index futures recovered from overnight declines on Tuesday, pointing to a positive start for Wall Street as investors assessed conflicting comments from Washington and Beijing on their long-drawn trade dispute.
Papa John’s hires Arby’s head as CEO to turnaround struggling pizza chain
Papa John’s International Inc on Tuesday named Arby’s Restaurant Group Inc President Rob Lynch as its chief executive officer, replacing Steve Ritchie barely 19 months after he took the role, sending the shares of the world’s third largest pizza chain …
Norway wealth fund should move more investment to North America, central bank says
Norway’s $1 trillion sovereign wealth fund should shift billions in investments from European stock markets and instead invest more in the United States and other North American markets to seek higher returns, the fund’s manager recommended on Tuesday….
Crowds force Costco to shut maiden China store early on opening day
U.S. hypermarket chain Costco Wholesale Corp was forced to shut its first store in China early on its opening day on Tuesday, according to state media, after large crowds flocked through the door and caused traffic jams in the Shanghai neighborhood.
Smucker cuts full-year targets after first-quarter earnings disappoint
J. M. Smucker Co on Tuesday cut its full-year earnings forecast and missed Wall Street estimates for quarterly profit and sales, blaming competition in the pet food industry and its move to cut prices on its peanut butter and coffee.
World shares gain on flickering trade hopes
World shares gained on Tuesday as some investors held out hopes for a trade deal between the United States and China, even though they continued to raise tariffs on each other last week.
Dutch regulator sees potential privacy breach in Microsoft Windows
Microsoft is remotely collecting data from users of Windows Home and Windows Pro, in a potential breach of privacy rules, the Dutch Data Protection Agency (DPA) said on Tuesday.
