FCA-Renault tie-up clears French hurdles before board meeting: sources
Fiat Chrysler has resolved key differences with France over its proposed merger with Renault, three sources told Reuters on Tuesday, as the French carmaker’s board met to review the $35 billion tie-up plan.
Wall St. opens higher on rate cut hopes
U.S. stocks opened higher on Tuesday after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth.
Uber says IRS probing its 2013-14 tax returns
The U.S. Internal Revenue Service is auditing Uber Technologies Inc’s taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
Apple CEO says U.S. scrutiny ‘fair,’ but rejects idea company is a monopoly
Apple Inc Chief Executive Tim Cook denied that the company is a monopoly as the U.S. government gears up for a potentially unprecedented probe into whether the iPhone maker and other technology giants are misusing their massive market power.
Shell plans to boost returns and become a force in power
Royal Dutch Shell outlined plans on Tuesday to boost shareholder returns after 2020, while also increasing spending on oil, gas and power, as it capitalizes on years of cost cutting to prepare for a lower carbon future.
Stocks fend off tech problems; bonds stay strong
European stock markets and Wall Street futures clawed higher on Tuesday, though worries about a clampdown on the world’s internet and social media giants and mounting recession jitters kept caution levels high.
FCA-Renault bid clears French hurdles as board meets: sources
Renault directors were preparing to review Fiat Chrysler’s (FCA) $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said.
CVS to expand health hubs to 1,500 stores by end of 2021
CVS Health Corp said it would offer expanded health services such as nutrition counseling and blood pressure screenings in 1,500 stores by the end of 2021, following through on plans announced during the pharmacy chain’s 2018 acquisition of health insu…
Walmart faces major India test over unit Flipkart’s legal spat with startup
An Indian startup’s legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.
UK’s May will make clear to Trump that Huawei role is under review: spokeswoman
Prime Minister Theresa May will make clear to U.S. President Donald Trump on Tuesday that Britain is reviewing “the right policy” on Chinese company Huawei and its involvement in the UK’s 5G telecommunications network, her spokeswoman said.
