Wall Street opens slightly lower on Italian concerns
U.S. stocks slipped at the open on Tuesday, with bank stocks the biggest drags, pressured by turmoil in European markets following an Italian lawmaker’s anti-euro comments and as relief from a reworked NAFTA deal faded.
Volkswagen ousts Audi CEO amid emissions probe
Volkswagen is terminating the contract of Rupert Stadler, the suspended chief executive of its premium brand Audi , with immediate effect, the carmaker said on Tuesday.
Italy’s Enel names Nicola Cotugno chief of Brazil operations
Italian utility Enel SpA on Tuesday named Nicola Cotugno as the country manager for its Brazilian operations, replacing Carlo Zorzoli, who will head global business development at Enel’s green power unit in Italy.
Amazon raises minimum wage to $15, urges rivals to follow
Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, giving in to critics of poor pay and working conditions at the world’s second most valuable company.
Tesla misses weekly Model 3 production target, flags tariff costs
Tesla Inc missed its weekly Model 3 production target on Tuesday and said it was facing a 40 percent import tariff in China due to the ongoing U.S-China trade war.
Kroger to test grocery pick-up program at Walgreens stores
U.S. grocer Kroger Co said on Tuesday it is exploring a partnership with Walgreens Boots Alliance Inc to allow its customers order online and pick up groceries at some of the drug retailer’s stores.
PepsiCo beats on international strength, North America beverage rebound
PepsiCo Inc posted stronger-than-expected profit on Tuesday, boosted by beverage sales in North America that rose after a year of declines and as investments in marketing and developing new products for emerging markets paid off.
Ryanair says willing to reach deals with unions by Christmas
Ryanair’s Chief Marketing Officer Kenny Jacobs on Tuesday said the company was working to reach deals with European trade unions by Christmas and get them implemented next year.
Futures lower as Italy worries weigh, trade relief fades
U.S. stock futures pointed to a lower open on Tuesday after anti-euro comments from an Italian lawmaker reignited investor worries over a euro zone breakup and relief from a reworked NAFTA deal faded.
Ghosn turns to Japanese to deflect Renault-Nissan succession question
Carlos Ghosn, head of the world’s largest automotive alliance by sales, gets a lot of questions about who could replace him, and at the Paris auto show on Tuesday he used a fresh way to postpone an answer.
