Ackman’s Pershing Square unveils $900 million stake in Starbucks
William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp , betting the world’s biggest coffee chain can overcome stagnant sales in its home market.
Ackman’s Pershing Square unveils $900 million stake in Starbucks
William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp , betting the world’s biggest coffee chain can overcome stagnant sales in its home market.
EU nations agree to seek 35 percent CO2 cut on cars by 2030
European Union nations, voicing concern over a U.N. report on global warming, agreed on Tuesday to seek a 35 percent cut in car emissions by 2030, as Germany warned that overly challenging targets risked harming industry and jobs.
Self-driving cars may hit U.S. roads in pilot program: NHTSA
Fully self-driving cars may be on the fast lane to U.S. roads under a pilot program the Trump administration said on Tuesday it was considering, which would allow real-world road testing for a limited number of the vehicles.
Dollar weakens as bond yields retreat after rapid rise
Stocks on major world markets edged lower on Tuesday, with a decline in the materials sector offsetting rising energy shares, while long-dated U.S. Treasury yields pulled back from multi-year highs and helped weaken the U.S. dollar.
Wall Street edges lower on global worries despite falling yields
The Dow and S&P 500 ended slightly lower on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks but falling bond yields kept declines in check in the three major indexes.
U.S. agency says Tesla safety claim goes beyond its analysis
Tesla Inc claimed its Model 3 electric car has the lowest risk of occupant injury of any vehicle in U.S. government tests, but the National Highway Traffic Safety Administration on Tuesday said the claim goes beyond the scope of its analysis.
P&G gets steel tariff exemption for Gillette, Venus razors
Procter & Gamble Co was informed on Tuesday that it is now exempt from the 25 percent U.S. tariff levied on imported Japanese and Swedish steel that is used in its Gillette and Venus razor blades, a company spokesman told Reuters.
Wall St. stalls as global worries trounce materials stocks
Wall Street’s major indexes failed to make much progress on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks.
At least two U.S. attorneys general investigating Google glitch
At least two U.S. states are investigating a breach at Alphabet Inc’s Google that may have exposed private profile data of at least 500,000 users to hundreds of external developers.
