Coke Zero Sugar, new flavors lift Coca-Cola results; shares rise
Strong demand for Coca-Cola Co’s zero-calorie drink Coke Zero Sugar, new orange-vanilla cola and flavored waters pushed the beverage maker’s quarterly sales and profit well above Wall Street estimates, sending its shares up as much as 3 percent on Tues…
All Wells Fargo directors elected at rowdy shareholder meeting
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.
Twitter shares jump, ascribes growth to fight against abuse
Shares in Twitter Inc jumped 13 percent on Tuesday after the social media company reported quarterly revenue above analyst estimates, which executives said was the result of weeding out spam and abusive posts and targeting ads better.
S&P 500 closes in on record high after upbeat earnings
The S&P 500 inched toward a record high on Tuesday, as a clutch of better-than-expected earnings reports eased concerns of slowing corporate profits and sparked a broad-based rally.
Trump’s policies lift Lockheed Martin’s profit, shares surge
Lockheed Martin Corp reported better-than-expected quarterly profit on Tuesday as U.S. President Donald Trump’s looser policies on foreign arms sales boosted demand for missiles and fighter jets.
Lyft’s IPO banks give troubled stock a flurry of ‘buy’ ratings
Lyft Inc received some badly needed support on Tuesday, as analysts at banks that had worked on its initial public offering urged clients to buy the ride-hailing company’s beleaguered shares. Following the required 25-day wait for deal underwriters …
White House’s Kudlow says end to Iran oil waivers won’t hike prices
President Donald Trump’s decision to end all waivers that allowed importers of oil from Iran to avoid economic sanctions will not result in higher oil prices, White House economic adviser Larry Kudlow said on Tuesday.
Lucid Motors names former Tesla Model S chief engineer as CEO
Electric carmaker Lucid Motors on Tuesday named Peter Rawlinson, former chief engineer of Tesla Inc’s Model S, as its chief executive officer, effective immediately.
U.S. new home sales hit one-and-a-half-year high on lower mortgages, prices
Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.
Fed proposes blueprint for bank-controlling companies
The U.S. Federal Reserve on Tuesday proposed a framework for determining when a company has taken control of a bank and must face more rigorous oversight and restrictions, a move that could remove hurdles for banks seeking to attract investors and part…
