Minnesota student sues China’s JD.com CEO Liu with allegation of rape
A University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China’s e-commerce retailer JD.com Inc, filed a civil lawsuit against him in a Minneapolis court on Tuesday, nearly four months after pr…
CSX overcomes ‘polar vortex’ to top Wall Street’s profit view
CSX Corp on Tuesday reported a quarterly profit that topped Wall Street’s target, after the No. 3 U.S. railroad operator pushed through price increases and contained labor and fuel costs by running fewer, but longer trains.
Justice Department tells T-Mobile, Sprint it has concerns about merger: sources
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp it has concerns about their $26 billion merger in its current structure, sources familiar with the matter said on Tuesday, although no final decision has been made.
Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion
Apollo Global Management LLC said on Tuesday it will acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm will own the U.S. food retailer.
Exxon Mobil wins three exploration blocks offshore Argentina
U.S. oil major Exxon Mobil Corp said on Tuesday its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina.
IBM quarterly revenue, full-year forecast disappoints
International Business Machines Corp reported a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its latest mainframe computers and a stronger dollar.
CSX quarterly profit beats view, stock jumps
CSX Corp on Tuesday reported quarterly profit that topped Wall Street’s expectations, after the No. 3 U.S. railroad operator pushed through price increases and contained labor and fuel costs by running fewer, but longer, trains.
Exclusive: Buyout firm Apollo to buy Smart & Final Stores – sources
Apollo Global Management LLC has agreed to acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm would own the U.S. food retailer, people familiar with the matter said on Tuesday.
Qualcomm shares soar on surprise settlement with Apple of long legal dispute
Qualcomm Inc on Tuesday won a major victory with a surprise settlement of its wide-ranging legal dispute with Apple Inc that includes a supply agreement paving the way for the iPhone to once again use Qualcomm modem chips.
IBM quarterly revenue misses estimates on weak cloud, services demand
International Business Machines Corp reported a bigger-than-expected drop in quarterly revenue on Tuesday, an indication that its efforts to pivot to newer businesses such as cloud, analytics, software and services remained patchy at best.
