After tragedies and big losses, Hyundai looks to reverse North Korea fortunes
For Hyundai, the South Korean conglomerate, North Korea has been a story of lost opportunities – and tragedy.
U.S. presence at Cuba trade fair dwindles given Trump hostility
A yellow excavator, forklift and other heavy equipment made by U.S. firm Caterpillar gleam outside Cuba’s annual trade fair, reflecting once-bright hopes for increased U.S.-Cuban commerce fanned by the 2014 detente between the old Cold War foes.
T-Mobile exceeds expectations for phone subscribers, profit
T-Mobile US Inc on Tuesday exceeded Wall Street’s quarterly estimates for net new phone subscribers and profit, driven by its competitive wireless plans and trade-in offers for iPhones aimed at fending off its bigger rivals.
Facebook’s rise in profit outweighs slow user, sales growth
Facebook Inc on Tuesday beat profit estimates but missed targets for growing monthly users and reported its slowest revenue growth in about six years in a quarter some investors feared would be hit harder by defections from the social media site.
EV maker Faraday Future’s co-founder Nick Sampson steps down
Chinese electric vehicle developer Faraday Future said on Tuesday its co-founder Nick Sampson has resigned, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs.
GE’s demolished dividend shreds shareholders’ safety net
General Electric Co shareholders were dealt yet another blow on Tuesday.
Facebook shares stung by slow user, sales growth
Facebook Inc on Tuesday beat analysts’ profit estimates but missed targets for growing monthly users and reported its slowest revenue growth in about six years.
Exclusive: Buyout firms Bain, CVC compete to acquire Papa John’s – sources
Bain Capital and CVC Capital Partners are among the private equity firms competing to acquire Papa John’s International Inc , the world’s third-largest pizza delivery company, people familiar with the matter said on Tuesday.
Wall St. rebounds as chip, transport shares surge
Major U.S. stock indexes jumped more than 1 percent on Tuesday, helped by strong gains for chip and transport stocks as investors took advantage of cheaper prices following a steep recent pullback for equities.
Oil prices down more than 1 percent on rising supply, trade war
Oil prices dropped more than 1 percent on Tuesday on signs of rising supply and concern that global economic growth and demand for fuel will fall victim to the U.S.-China trade war.
