Hapag-Lloyd says U.S. shipping probe closed, free of obligations
Germany’s Hapag-Lloyd is cleared of a U.S. Department of Justice probe into the practices of container shipping companies, with no charges brought, a spokesman said on Tuesday.
Thomson Reuters posts earnings beat, hunts for acquisitions
Thomson Reuters reported better-than-expected earnings on Tuesday, helping push its shares to a record high, and said it is continuing to look for acquisitions to bolster its Legal and Tax & Accounting units, where demand is up in part because of U.S. tax reforms.
UAW sues GM over decision to end production at U.S. plants
The United Auto Workers union on Tuesday filed suit against General Motors Co over its decision to end production and eliminate thousands of jobs at three U.S. auto plants, saying it violated a 2015 collective bargaining agreement.
‘Cold, snowy, wet’: Home Depot suffers as winter hits house makeovers
Home Depot Inc missed Wall Street forecasts for quarterly sales on Tuesday, as a snowy winter prevented many Americans from remodeling home exteriors in a housing market that is slowing on the back of high prices.
AT&T defeats U.S. in merger fight to buy Time Warner
AT&T Inc scored a key win on Tuesday when a U.S. appeals court rejected the Trump administration’s argument that its $85.4 billion deal to buy media company Time Warner would mean higher consumer prices.
Fed’s Powell: ‘Patient’ policy still warranted despite ‘solid’ U.S. growth
Rising risks and recent soft data should not prevent solid growth for the U.S. economy this year, but the Federal Reserve will remain “patient” in deciding on further interest rate hikes, Fed Chairman Jerome Powell said on Tuesday.
PSA picks Peugeot for U.S. return as rides record profit
PSA Group’s Peugeot lineup will lead a return to the United States after an absence of almost three decades, as the French carmaker seeks to expand beyond Europe.
Tesla’s Musk ordered to respond to SEC contempt motion by March 11
A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explain by March 11 why he should not be held in contempt for violating a settlement agreement with the U.S. Securities and Exchange Commission.
Exclusive: Brazil’s state bank Caixa close to selling $2.4-billion Petrobras stake – sources
Brazilian state-owned bank Caixa Economica Federal is close to selling a 9-billion-real ($2.4 billion) stake it owns in oil company Petroleo Brasileiro SA, two sources with knowledge of the matter said on Tuesday.
S&P, Nasdaq cut all losses after February consumer confidence data
The benchmark S&P 500 index and the Nasdaq cut all losses on Tuesday to eke out slight gains, after a report from the Conference Board showed a higher-than-expected rise in the consumer confidence index in February.
