Wall Street opens flat as U.S. elections get underway
U.S. stocks opened flat on Tuesday as investors awaited the outcome of U.S. midterm elections that could shape the future of Donald Trump’s presidency and test his tax and trade policies.
Airbus stages maiden flight of upgraded A330-800
Airbus staged a maiden fight of the upgraded A330-800 jetliner on Tuesday, hoping the key milestone will boost the fortunes of a variant that has failed to make headway against newer types.
EU digital tax plan flounders as states ready national moves
A European Union plan to tax big internet firms like Google and Facebook on their turnover was on the verge of collapsing on Tuesday after several EU governments rejected it and announced national initiatives instead.
Thomson Reuters eyes multiple purchases after Blackstone deal
Thomson Reuters Corp is looking to make multiple acquisitions to boost its Legal and Tax & Accounting units after selling a majority stake in its financial terminal business, Chief Executive Jim Smith said on Tuesday.
Lilly to consider more acquisitions like $1.6 billion Armo buy
Eli Lilly and Co will consider more acquisitions similar to its $1.6 billion purchase of cancer drug developer Armo Biosciences earlier this year, the drugmaker’s chief financial officer said on Tuesday.
CVS results beat on demand for prescription drugs, beauty products
CVS Health Corp’s third-quarter profit beat analysts’ estimates on Tuesday, as it benefited from higher sales of prescription drugs as well as consumer health and beauty products.
Iran says it is selling the oil it needs to, despite U.S. pressure
Iran said on Tuesday it had so far been able to sell as much oil as it needs despite U.S. pressure, but it urged European countries opposed to U.S. sanctions to do more to shield Iran, as Russia and Turkey also voiced their objections.
European automakers BMW, Volvo to trial new LME steel contracts
European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said.
Lilly lifts earnings target after Trulicity boost
Eli Lilly and Co recorded higher sales of its newer drugs Trulicity and Taltz in the third quarter, helping the diabetes specialist top Wall Street profit estimates and raise its yearly earnings target on Tuesday.
Futures lower as U.S. midterm elections kick off
U.S. stock index futures edged lower on Tuesday, as investors stayed away from making big bets ahead of the U.S. midterm elections that could shape the future of Donald Trump’s presidency and test his tax and trade policies.
