Sears agrees to consider revised Lampert bid
Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old U.S. department store operator.
Prospect of U.S. profit drop rises for investors
Investors are growing more fearful that U.S. companies’ profits could shrink this year following Apple’s warning of soft demand in China, coupled with mounting evidence of a drag from tariffs, a global slowdown and fading tailwinds from tax cuts.
Verizon adds more phone subscribers than expected in fourth quarter
Verizon Communications Inc on Tuesday beat Wall Street estimates for net new phone subscribers who pay a monthly bill, adding 650,000 customers in the fourth quarter.
Airbus delivered 800 jets in 2018, pushing shares higher
Airbus delivered 800 aircraft last year, provisionally hitting a key industrial target that only weeks ago had seemed beyond its reach as its battles to overcome supply chain problems and factory snags to meet record demand for jetliners.
Boeing delivers record 806 aircraft in 2018, shares jump 4 percent
Boeing Co delivered a record 806 aircraft in 2018 as it overcame supplier woes, retaining the title of the world’s biggest planemaker for the seventh straight year.
U.S. job openings drop, but still at lofty levels
U.S. job openings fell in November, pulled down by sharp declines in construction and other services, but did little to change views that the economy is facing a shortage of workers.
China gives long-awaited GM crop approvals amid U.S. trade talks
China approved five genetically modified (GM) crops for import on Tuesday, the first in about 18 months in a move that could boost its overseas grains purchases and ease pressure from the United States to open its markets to more farm goods.
Factbox: China approves new GMO soybean, corn and canola traits
China approved five genetically modified crops for import on Tuesday, the first in about 18 months, as representatives from the Asian country and the United States met in face-to-face talks to try to resolve trade disagreements.
Stocks extend gains on U.S.-China trade talk hopes
An index of world stocks rose for the third straight session on Tuesday, lifted by hopes that the United States and China would strike a deal to end their months-long trade war that has hurt sentiment in financial markets.
Wall Street rally loses steam as Samsung warning hits chips
U.S. stocks struggled to hold on to gains on Tuesday as chip stocks took a beating from Samsung’s profit warning and financials fell, denting optimism over U.S.-China trade talks.
