Ralph Lauren says North America sales to come under pressure; shares fall
Ralph Lauren Corp said it expects sales in North America for the rest of the year to be pressured by a tough retail environment and weakness in spending by foreign tourists, sending its shares down about 4%.
Oil prices up on expectations of Fed rate cut
Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user.
Mylan reaches $30 million settlement in SEC’s EpiPen probe
Mylan NV has reached a tentative agreement to pay $30 million to resolve a probe by the U.S. Securities and Exchange Commission related to its emergency allergy shot EpiPen, which became the center of a firestorm over price increases.
U.S. pending home sales increase more than expected in June
Contracts to buy previously owned homes rose more than expected in June, the National Association of Realtors said on Tuesday in a report that showed lower mortgage rates could be giving support to the housing market.
Capital One shares drop on questions over hack
Capital One Financial Corp’s assurances that a major data breach would have a limited impact on customers or profits failed to convince investors on Tuesday, with the bank’s shares down more than 7%.
Wall Street drops as trade tensions weigh, Fed meeting looms
U.S. stocks dropped on Tuesday as U.S.-China trade worries pressured technology shares, while the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into optimism that drove markets to record highs last week.
Trump says will work on a trade deal with Brazil
U.S. President Donald Trump on Tuesday said his administration will pursue a trade agreement with Brazil, opening the door to a possible resolution over an earlier trade dispute between the two nations.
New York attorney general to probe Capital One data breach
New York’s attorney general on Tuesday said her office will begin an immediate investigation into Capital One Financial Corp’s data breach, which the bank said involved the access of personal information belonging to about 100 million people in the Un…
Bayer sees glyphosate settlement only if financially reasonable
Bayer on Tuesday said it would consider settling with U.S. plaintiffs suing over the German group’s Roundup herbicide only on reasonable terms, and if such a move wraps up all cases.
Trump China broadside scuttles stocks, sterling sinks again
A snarling warning from U.S. President Donald Trump ahead of trade talks with China rattled stock markets on Tuesday, as brewing no-deal Brexit worries also roughed up the pound and Irish bonds again.
