Tyson Foods quarterly sales miss estimates, shares fall
Tyson Foods Inc reported quarterly sales on Tuesday that missed Wall Street estimates, as the top U.S. meat processor was hit by lower demand for chicken, sending shares down nearly 7 percent.
WeWork gets $3 billion in new funding from SoftBank
U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters.
Oil rout runs to 12 days on supercharged selling
Oil’s fall accelerated on Tuesday, with U.S. futures dropping to lows not seen in 11 months due to ongoing worries about weakening global demand, oversupply and selloffs across other asset classes, including equities.
Credit Suisse investigated by Geneva prosecutors in Turkish case
Geneva prosecutors said on Tuesday they are looking at whether Credit Suisse exercised adequate oversight of money deposited in its accounts that belonged to Turkish investors who suffered losses.
GE seeks to raise $4 billion with sale of Baker Hughes stake
General Electric Co on Tuesday unveiled a plan to raise about $4 billion by accelerating a proposed sale of a stake in oilfield services provider Baker Hughes , its latest move to simplify its businesses and reduce debt.
Impact of U.S. court ruling on Keystone XL timing unclear: TransCanada
TransCanada Corp is reviewing a decision by a Montana judge blocking construction of the Keystone XL pipeline, but the impact on project timing remains unclear, the company’s top crude pipeline executive said on Tuesday.
Zotye, Ford’s China partner, set to sell SUVs in U.S. in 2020
Zotye Automobile , a Ford Motor Co partner in China, said on Tuesday it planned to begin selling SUVs in the United States in 2020.
Amazon picks New York City and Virginia for $5 billion new headquarters
Amazon.com Inc picked America’s financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C.
In another push, Elliott calls on Hyundai to boost returns, review assets
U.S. hedge fund Elliott on Tuesday renewed pressure on South Korea’s Hyundai Motor Group, urging it to return $10.6 billion of capital to shareholders and consider selling non-core assets, including costly land it bought in Seoul for new headquarters.
Wall Street rises on trade hope, Apple limits tech recovery
U.S. stocks rose on Tuesday as technology stocks bounced back after a steep selloff in the previous session and hopes of progress in the U.S.-China trade talks boosted industrials, even though a decline in Apple Inc curbed gains.
