Chesapeake Energy to buy WildHorse Resource Development for $4 billion
Oil and gas producer Chesapeake Energy Corp is buying smaller firm WildHorse Resource Development Corp in a deal valued at nearly $4 billion, it said on Tuesday, as it looks to strengthen its operations in Southeast Texas.
General Electric cuts dividend, splits loss-making power unit
General Electric Co slashed its quarterly dividend to just 1 cent per share and said it would split its power unit into two businesses as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.
VW rides out impact of new pollution rules on car sales
Volkswagen posted forecast-beating third quarter profit, weathering a storm of lower car sales, higher spending and new pollution rules which dented earnings at rivals Daimler and BMW .
Oil prices fall on rising supply, trade tensions
Oil prices fell on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran.
Stocks stumble as trade war nerves send yuan to 10-year low
European shares slipped back into the red and China’s yuan hit a 10-year low on Tuesday, as the prospect of another escalation in the U.S.-Sino trade war compounded the recent gloom in global markets.
Kroger set to place warehouse order with partner Ocado
U.S. supermarket chain Kroger Co is expected to order the first three of 20 high-tech warehouses from online grocer Ocado by the end of the year under the terms of a breakthrough deal agreed in May.
Apple expected to unveil iPads with facial recognition
Apple Inc on Tuesday is expected to unveil updates to its Mac computers and iPads that include facial recognition features that have been available in the iPhone lineup at an event in Brooklyn.
VW reviewing autonomous car alliances, Waymo seen as a leader: CFO
Volkswagen Chief Financial Officer Frank Witter on Tuesday said the carmaker was open to deeper alliances with outside companies, particularly in the area of autonomous driving, where Google’s Waymo is seen to be an industry leader.
Malaysia seeks payment relief by challenging 1MDB-IPIC settlement
Malaysia will file a legal challenge to a settlement agreement between scandal-plagued state fund 1MDB and Abu Dhabi sovereign fund IPIC negotiated during the premiership of former leader Najib Razak, its attorney general said on Tuesday.
Julius Baer expects ex-banker’s sentence to have no bearing on its U.S. legal issues
Swiss private bank Julius Baer does not expect the U.S. sentencing of one of its former Latin America executives to have any bearing on the bank’s U.S. legal issues, it said on Tuesday.
