Jewelers must say whether diamonds are mined or synthetic: U.S. FTC
The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, has sent warning letters to eight companies to insist they distinguish in advertisements between diamonds from mines and those made in laboratories, it said on …
Canada auto sales fall 2.5 percent in March
Canada’s auto sales fell 2.5 percent in March from a year earlier, marking 13 straight months of declines, according to industry data released on Tuesday.
White House sees ‘headway’ on U.S.-China trade ahead of new talks this week
The United States and China “expect to make more headway” in trade talks this week, White House economic adviser Larry Kudlow said on Tuesday as the top U.S. business lobbying group said differences over an enforcement mechanism and the removal of U.S….
AIG paid CEO Duperreault $20.9 million in 2018: filing
Insurer American International Group Inc said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism.
Former UAW official pleads guilty in U.S. corruption case
A former top United Auto Workers official in charge of the union’s relations with Fiat Chrysler Automobiles NV (FCA) pleaded guilty on Tuesday in a U.S. federal court in Detroit to misusing the automaker’s funds for lavish spending on UAW officials.
Wall Street treads water after rally, Walgreens slumps on profit warning
The benchmark S&P 500 stock index paused on Tuesday, taking a breather from Monday’s strong quarterly kickoff as a decline in shares of Walgreens Boots Alliance Inc weighed and economic data did little to ease growth concerns.
PG&E faces new probation terms aimed at cutting California wildfire risk
A U.S. judge on Tuesday imposed new criminal probation terms on PG&E Corp aimed at reducing the risk that the bankrupt power producer’s equipment will spark more destructive wildfires in wooded areas of California.
Airbus CEO’s exit package excessive: French minister
A retirement pot of almost 40 million euros ($44.78 million) for outgoing Airbus Chief Executive Officer Tom Enders is excessive and may harm the company’s image, France’s finance minister said in remarks published on Tuesday.
Stocks edge up to hit six-month peak, oil closes on $70 per barrel
World stock markets were little changed on Tuesday but still managed to touch a six-month high as investors took a breather following a three-day run of gains while the possibility of tightening supply kept oil prices on the rise .
Harley-Davidson workers in Wisconsin reject new labor contract
Harley-Davidson Inc’s workers in Milwaukee and Tomahawk, Wisconsin, have rejected the motorcycle maker’s proposal for a five-year contract, their union said on Tuesday, citing non-financial issues such as temporary workers and job security.
