Morgan Stanley shuffles jobs for wealth management executive
Morgan Stanley’s Shelley O’Connor, one of two co-heads of the wealth management business, was named on Tuesday to lead two of the bank’s regulated entities, according to an internal memo seen by Reuters.
All Wells Fargo directors elected as hecklers call executives ‘frauds’
Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees were kicked out for heckling executives and board members.
Texas Instruments says slowdown in chip demand may continue; shares fall
Chipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips that started late last year may last a few more quarters. The warning from the company, often seen as a bellwether for a semiconductor industry, dragged its shares 3 per…
Lawyer for Platinum founder says investors knew and accepted risks
Investors in the defunct billion-dollar hedge fund firm Platinum Partners had ample notice they might not get their money back, a lawyer for Platinum founder Mark Nordlicht told jurors on Tuesday, urging them to acquit his client of criminal fraud char…
Snap restarts user growth with original shows, Android overhaul
Snap Inc’s original shows and rebuilt Android app helped it add Snapchat users for the first time in three quarters and top analyst revenue forecasts, but that was not enough to push its shares much higher after a sharp run-up this year.
Trump, Twitter CEO chat at White House after fresh attack on social media giant
U.S. President Donald Trump met with Twitter Inc’s Chief Executive Jack Dorsey on Tuesday, hours after attacking the social media company over his claims it is biased against conservatives.
Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers
Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels.
Mnuchin says he cannot meet deadline to turn over Trump tax returns to House panel
U.S. Treasury Secretary Steven Mnuchin said on Tuesday he cannot comply with a demand by a House of Representatives committee to turn over President Donald Trump’s tax returns “until it is determined to be consistent with law.”
Walgreens, Rite Aid to sell tobacco products to customers above 21 years
Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp said on Tuesday they would sell tobacco products to customers who are at least 21 years old, amid a crackdown on teenage tobacco use.
EBay’s strong quarter, robust forecast send shares 5% higher
EBay Inc beat analysts’ quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company’s multi-year effort to make its ecommerce platforms more user friendly attracts more customers.
