Petrobras board nominee fined in 2016 for insider trading: documents
One of three new board members nominated by Brazil’s government to sit on the board of state-run oil company Petroleo Brasileiro SA was fined in 2016 by securities regulator CVM for insider trading, according to CVM documents on the ruling seen by Reu…
Delta growth to slow further in first quarter as shutdown weighs
Delta Air Lines Inc on Tuesday forecast a further decline in revenue growth per mile flown in the first quarter, hit by a partial government shutdown and worries about whether airlines can raise fares in an uncertain global economy.
U.S. holiday shoppers spend record $126 billion online: Adobe
U.S. shoppers spent a record $126 billion on online shopping during the 2018 holiday season, taking advantage of early discounts on Amazon.com and other websites and with more people using smartphones to place their orders, Adobe Analytics said on Tue…
UnitedHealth says performing better than first-quarter consensus estimate suggests
UnitedHealth Group Inc is performing better in 2019 than suggested by the Wall Street analyst consensus for first-quarter adjusted earnings, Chief Financial Officer John Rex said on Tuesday during a conference call with investors.
VW, Ford team up on trucks, eye deals on EVs, self-driving cars
Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.
Walmart opts to leave CVS partnerships over pricing dispute
CVS Health Corp said on Tuesday Walmart Inc is leaving its network for commercial and Medicaid prescription drug plans after the two companies failed to agree on pricing.
Wells Fargo revenue misses on weakness in consumer banking
Wells Fargo & Co on Tuesday reported quarterly revenue that missed analysts’ estimates, as revenue across all its banking units declined, especially at community banking, the unit at the center of its 2016 sales scandal.
Stocks tripped by earnings angst, sterling huddled for Brexit vote
Spluttering noises from Germany and an earnings miss from banking giant JP Morgan dragged back stocks on Tuesday, while Britain’s pound hovered near a two-month high ahead of a crucial parliamentary vote on Brexit.
Volkswagen, Ford set alliance centered on vans, pickups
Volkswagen AG and Ford Motor Co on Tuesday set an alliance that combines forces on commercial vans and pickups and said they were exploring expanding into joint development of electric and self-driving technology, actions meant to save the automakers…
Exclusive: Brazil’s Odebrecht offers debt-for-equity swap for Atvos unit – sources
Corruption-ensnared Odebrecht SA [ODBES.UL] has proposed that creditors take over its sugar and ethanol unit, Atvos Agroindustrial Participacoes SA, in exchange for reducing Odebrecht’s huge debt load, according to two sources with knowledge of the mat…
