Wall Street pauses after record run as Alphabet tumbles
Wall Street’s main indexes on Tuesday pulled away from all-time highs set in the previous session, following a slump in the shares of Google-parent Alphabet after weak quarterly results.
Lyft elevates GM first-quarter profit, pickups in driver’s seat
General Motors Co on Tuesday reported a higher-than-expected quarterly profit, lifted by revaluations of shares it holds in ride-hailing company Lyft Inc and France’s Peugeot SA.
GE cautious as profit rises, cash burn slows; shares rise
General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader that sent its shares up more than 5 percent.
Ford partners with Amazon to allow package deliveries to owners’ cars
Ford Motor Co said on Tuesday it partnered with Amazon.com Inc to allow members of the ecommerce company’s loyalty club Prime to deliver packages to their cars when they are not at home.
Trump sues Deutsche Bank, Capital One to try to block Democratic subpoenas
President Donald Trump, his three oldest children and the Trump Organization have sued Deutsche Bank AG and Capital One Financial Corp to try to block them from responding to subpoenas issued by U.S. congressional Democrats seeking financial records.
Mastercard beats profit estimates on higher spending
Mastercard Inc beat Wall Street’s estimates for quarterly profit on Tuesday, as a strong U.S. job market and a boom in online shopping boosted transaction volumes on the company’s payment network.
Former Abraaj executive gets bail in New York in fraud case
A U.S. district court has granted bail to a former managing partner of collapsed private equity firm Abraaj, Mustafa Abdel-Wadood, on condition that he sign a $10 million bond and remain confined to a New York apartment, court documents showed.
Buffett’s Berkshire to invest $10 billion in Occidental for Anadarko buy
Warren Buffett’s Berkshire Hathaway Inc will put $10 billion behind Occidental Petroleum Corp’s bid as it tries to see off competition from Chevron Corp to buy smaller rival Anadarko Petroleum Corp.
Eli Lilly misses estimates for top-selling diabetes drug Trulicity, shares slip
Eli Lilly and Co on Tuesday reported lower-than-expected first-quarter sales for its top-selling diabetes drug Trulicity, and the U.S. drugmaker said the need to offer rebates and discounts were taking a toll and likely to weigh on revenue growth for t…
Ford reaches agreement with workers at Brazilian plant it plans to shut down
Ford Motor Co said on Tuesday it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the end of the year, paving the way for a friendly shutdown or potential takeover by a local buyer.
