Verizon offers separation plans to thousands of management employees
Verizon Communications Inc said on Tuesday it is offering voluntary separation buyout packages to thousands of management employees in the United States.
Facebook shares slip after Instagram founders quit
Shares of Facebook Inc fell more than 2 percent in early trading on Tuesday after the two founders of photo-sharing app Instagram left the social networking giant under unexplained circumstances.
Arby’s owner to buy drive-in chain Sonic for $1.57 billion
Arby’s-owner Inspire Brands Inc said on Tuesday it would buy Sonic Corp for about $1.57 billion in cash, adding more than 3,600 drive-in restaurants to its portfolio that includes brands such as Buffalo Wild Wings and Rusty Taco.
Michael Kors makes high-end fashion statement with $2.2 billion Versace buy
Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros ($2.15 billion) including debt on Tuesday, as the U.S. fashion group positions itself to take on larger European rivals.
Wall Street flat as losses in Facebook, chip stocks offset bank, energy gains
U.S. stocks were little changed on Tuesday, as higher oil prices lifted energy stocks and banks rose in anticipation of an interest rate hike, but losses in Facebook and chipmakers weighed on the market.
Qualcomm accuses Apple of stealing its secrets to help Intel
Qualcomm Inc on Tuesday accused Apple Inc of stealing its chip-making secrets and giving them to rival Intel Corp, paving the way for Apple to switch to Intel’s improved semiconductors, which may have cost Qualcomm billions of dollars in lost sales.
Denmark bolsters defenses against wider Danske Bank risks
Denmark has bolstered defenses against shocks to its financial system after a risk-assessment body said the sector’s stability could be threatened by the Danske Bank money laundering scandal.
Wall Street opens higher as energy, bank shares rise
U.S. stocks opened higher on Tuesday as the energy sector gained from oil prices hitting four-year highs, while bank stocks rose in anticipation of a Federal Reserve rate hike.
Canada’s PM sees possibility to build on U.S.-Mexico NAFTA deal
Canadian Prime Minister Justin Trudeau on Tuesday took a cautious line over talks to update NAFTA, saying he saw a possibility that Canada could build on a bilateral deal that the United States and Mexico have already agreed.
Oil above $80 lifts stocks, offsets trade and bond market chill
European shares rose and Wall Street was set for a stronger open on Tuesday, as oil above $80 a barrel lifted energy shares, despite worries around the latest U.S.-China tariff round and central bank rate hikes.
