Third Point cuts United Technologies stake after opposing Raytheon deal
Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. that the funds said they would n…
U.S. inflation accelerates; Fed rate cut still expected
U.S. consumer prices increased broadly in July, but the signs of an acceleration in inflation will likely do little to change market expectations that the Federal Reserve will cut interest rates again next month amid worsening trade tensions.
Wall Street set to open lower amid geopolitical tensions, trade worries
Wall Street was set to open lower on Tuesday, tracking a global shift out of riskier assets, as investors grappled with simmering geopolitical tensions and fears of a recession due to a drawn-out U.S.-China trade war.
Snap, in augmented reality push, launches new Spectacles
Snap Inc said Tuesday it will launch a new version of its Spectacles sunglasses, which will have the capability of capturing photos and videos and uploading them directly to its unit Snapchat, as the technology company works to develop its augmented r…
Shares fall after Argentina peso tumble, safe-havens shine
Share markets fell for a third straight day on Tuesday as fears about a drawnout global trade war, protests in Hong Kong and a crash in Argentina’s peso currency kept investors huddled in bonds, gold, and the Japanese yen for safety.
CBS, Viacom reach agreement in principle: sources
CBS Corp and Viacom Inc have reached an agreement in principle, sources familiar with the matter told Reuters on Tuesday, taking one step closer to reuniting media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart.
Exclusive: Exxon eyes UK North Sea exit after 50-year presence – sources
Exxon Mobil is considering an exit from the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects.
Amazon in talks to buy up to 10% stake in India’s Future Retail: Bloomberg
Amazon.com Inc is in late-stage talks to buy as much as 10% of India’s Future Retail Ltd , Bloomberg reported on Tuesday, citing people familiar with the matter.
Scout24 can afford leverage ratio of up to 3.5 for buybacks: CEO
German classifieds group Scout24 can cope with a higher long-term leverage ratio of up to 3.5 times core earnings to fund greater capital return to shareholders, CEO Tobias Hartmann said on Tuesday.
Oil drops on demand concerns, rising U.S. shale output
Oil prices dropped on Tuesday after see-sawing throughout the session as lingering concerns over global demand and rising U.S. output offset expectations for major producers to further curtail supply.
