McDonald’s faces 25 new sexual harassment complaints from workers
McDonald’s Corp was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up.
Britain’s Big Four accountants could gain reprieve from audit reform
Britain’s business ministry will consult further on sweeping reforms of the audit market, it told Reuters, stopping short of legislation demanded by lawmakers.
Kohl’s chops profit forecast after dismal first quarter, shares slump
Kohl’s Corp cut its full-year profit forecast and reported lower-than-expected quarterly results as the department store chain sold fewer full-price spring apparel and saw weak demand for home goods, sending its shares down as much as 14%.
Huawei launches new Honor phones, doesn’t mention Android
Huawei launched its new Honor 20 series smartphones in London on Tuesday in a presentation that emphasized the Chinese company’s technology but made no reference of a possible rupture with Google.
Home Depot same-store sales disappoint, warns of tariff impact
Home Depot Inc on Tuesday blamed wet weather in February and a slump in lumber prices for its slowest growth in quarterly same-store sales in at least three years, while warning of a $1 billion impact from new tariffs on Chinese imports.
McDonald’s faces 25 new sexual harassment lawsuits, charges from workers groups
McDonald’s Corp has been accused in 25 new legal actions of condoning sexual harassment in the workplace and retaliating against employees who speak up.
Tech stocks lead rally on Wall Street after Huawei breather
U.S. stocks rose on Tuesday, lifted by a rebound in technology stocks, as Washington’s move to temporarily ease curbs on China’s Huawei Technologies calmed nerves over a further worsening of a trade war between the two countries.
Who pays Trump’s tariffs, China or U.S. customers and companies?
U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.
Oil flat as U.S.-Iran tensions support prices, trade war weighs
Oil futures held steady on Tuesday, supported by U.S.-Iran tensions and expectations of ongoing OPEC supply cuts but under pressure from concerns about a drawn-out trade war between Washington and Beijing.
J.C. Penney sales fall short, net loss doubles; shares sink
Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday.
