Enterprise Products in deal with Chevron to develop crude oil port
Pipeline operator Enterprise Products Partners LP signed long-term agreements with Chevron Corp that advance its proposed offshore crude project in the U.S. Gulf of Mexico, the companies said on Tuesday.
Mondelez raises full-year organic sales forecast
Cadbury chocolate maker Mondelez International Inc raised its 2019 organic sales forecast on Tuesday, as the company benefits from efforts to tailor its products to the tastes and trends of certain geographies.
Apple revenue forecast tops expectations, iPhone business stabilizes
Apple Inc’s quarterly profit and revenue beat Wall Street targets on Tuesday and its forecast for fourth-quarter sales topped expectations as well, with Chief Executive Tim Cook telling Reuters that “marked improvement in greater China” drove the resu…
Amgen quarterly results beat estimates, but revenue dips 3%
Amgen Inc on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines helped its results exceed Wall Street forecasts.
Tech pulls Wall Street lower on Trump trade warning
Wall Street lost ground on Tuesday after a warning from President Donald Trump to China amid ongoing trade negotiations pressured technology shares, while investors looked to an expected Federal Reserve interest rate cut at the conclusion of its moneta…
Stocks slip on Trump’s warning to China; sterling’s slump carries on
A gauge of global stock markets fell on Tuesday as the latest round of U.S.-China trade talks began with a threat from President Donald Trump, while concerns over a no-deal Brexit continued to drag the British currency lower.
Pence says clock ticking on USMCA, but Democrats won’t be rushed
U.S. Vice President Mike Pence on Tuesday said that a new U.S.-Mexico-Canada trade deal needs to be approved without delay, but Democrats and organized labor said certain provisions must first be improved.
U.S. could decide on licenses for companies to sell to Huawei by next week – Ross
The Trump administration could respond by next week to companies that have requested special licenses to sell to Chinese telecoms giant Huawei Technologies Co Ltd, U.S. Commerce Secretary Wilbur Ross said on Tuesday during a visit to Brazil.
Amazon, Walmart, Ikea targeted in University of California light bulb lawsuits
Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what it called the “existential threat” when foreign manufacturers infringe schools’ patents.
FAA hopes global regulators simultaneously approve Boeing 737 MAX to fly again
The U.S. Federal Aviation Administration hopes civil aviation authorities around the world will decide at about the same time to allow the Boeing 737 MAX to resume flying, the agency told Congress on Tuesday in a letter seen by Reuters.
