U.S. inflation tame; economic outlook strengthening
U.S. labor costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labor market tightens.
Wall Street stumbles after record run as Alphabet slides
Wall Street’s main indexes on Tuesday slipped from all-time highs set in the previous session, after a slump in the shares of Google-parent Alphabet following a revenue miss and a drop in Apple ahead of its results.
HSBC reshuffles management of global banking division: memo
HSBC has reshuffled the management of its global banking division, according to an internal memo seen by Reuters on Tuesday, as former JPMorgan banker Greg Guyett puts his stamp on the business he took over in February this year.
How Russia contaminated $2.7 billion of oil exports to Europe
It was a quiet Easter holiday at the offices of major European oil companies and refiners when an email in Russian landed. “What the hell does it say?” one manager recalled thinking as he sent it to his Moscow office for translation.
HealthEquity confirms offer to buy WageWorks for $50.50 per share in cash
HealthEquity Inc on Tuesday confirmed its offer to acquire WageWorks Inc in a deal valuing the administrator of employee benefits at about $2.01 billion.
China data, Alphabet results drag on equities; euro strengthens
Global shares fell on Tuesday, weighed by weak Chinese business surveys and a slump in shares of Google parent Alphabet, while the euro strengthened on the heels of data that showed euro zone growth topped expectations.
Siemens pips GE in race for Iraq’s $14 billion electricity scheme
Siemens is well placed to win the bulk of orders flowing from a $14 billion scheme to rebuild Iraq’s electricity infrastructure following years of war, the country’s Prime Minister Adel Abdul Mahdi said in Berlin on Tuesday.
Huawei denies report about hidden ‘backdoors’ in its software
Huawei denied on Tuesday a Bloomberg report saying that mobile operator Vodafone had found so-called hidden “backdoors” in software provided in 2011 by the Chinese company.
Merck raises full-year forecasts as vaccines power profit beat
Merck & Co Inc reported higher-than-expected first-quarter profit on Tuesday on increased demand for vaccines and cancer immunotherapy Keytruda, and the U.S. drugmaker raised its 2019 earnings and revenue forecasts.
McDonald’s U.S. sales beat as free bacon, value meals attract diners
McDonald’s Corp lured diners with a short-term bacon promotion, value meals and redesigned restaurants that helped lift its U.S. same-store sales above Wall Street estimates for the first time in four quarters on Tuesday.
