P&G operating margin, grooming product sales dip on strong dollar; shares drop
Procter & Gamble Co reported a decline in its third-quarter operating margin on Tuesday and said a strong U.S. dollar hurt sales of its grooming products, sending shares of the maker of Tide and Gillette products down as much as 3.3%.
U.S. urges Iran to keep Strait of Hormuz open: State Department
The United States called on Iran to keep the straits of Hormuz and Bab al-Mandab open, a State Department official said on Tuesday after the United States a day earlier demanded that Iran oil buyers halt their purchases by May 1.
Walgreens to restrict tobacco product sales to customers under 21 years
Walgreens Boots Alliance Inc said on Tuesday its drugstores will sell tobacco products to customers who are at least 21 years old under a new policy, effective September.
Twitter shares jump after results, Trump renews attack
Twitter Inc posted better-than-expected quarterly revenue and a surprise increase in monthly users on Tuesday, sending shares up 13 percent to a nine-month high as its campaign to clean up fake and abusive accounts continued to attract advertisers.
Coke Zero, new flavors lift Coca-Cola results; shares rise
Strong demand for Coca-Cola Co’s low-calorie Coke Zero, 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 2.2 percent on Tuesday.
GE’s WMC Mortgage unit, felled by financial crisis, files Chapter 11 bankruptcy
General Electric Co on Tuesday put the remnants of its WMC Mortgage unit into bankruptcy, 11 days after paying a $1.5 billion U.S. fine over defective subprime mortgages issued by WMC before the 2008 financial crisis.
PIRC recommends against re-appointing Muilenburg as Boeing Chairman, CEO
Leading proxy voting adviser Pensions & Investment Research Consultants (PIRC) recommended on Tuesday that investors in Boeing oppose re-election of Dennis A. Muilenburg as chairman and chief executive officer.
U.S. making a mistake politicizing oil: Iran oil minister
The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported.
India says it has ‘robust plan’ to guarantee oil supply after end to Iran waivers
India said on Tuesday its refineries will have adequate oil supplies, thanks in part to imports from other producers, despite the United States’ demand that buyers of Iranian oil stop purchases by May 1 or face sanctions.
Kohl’s expands Amazon returns program to all stores, shares jump
Kohl’s Corp said on Tuesday items bought on Amazon.com Inc can now be returned at all its U.S. stores starting July, deepening its partnership with the e-commerce giant and sending its shares up as much as 9 percent.
