Amazon, Berkshire, JPMorgan’s healthcare venture names COO
The newly formed healthcare venture of Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co on Tuesday hired Jack Stoddard as chief operating officer.
Wall Street ends lower on lingering trade worries
U.S. stocks fell on Tuesday as trade concerns lingered and declines in Facebook and Nike shares weighed on Wall Street’s major indexes, though data showing U.S. manufacturing activity accelerated in August kept losses in check.
Oil steady ahead of Storm Gordon; weighed by dollar, Cushing build
Oil prices were little changed on Tuesday, as energy infrastructure on the U.S. Gulf Coast braced for a hurricane, but gains were capped as a stronger dollar and report of rising stockpiles at the Cushing, Oklahoma hub weighed.
Twitter CEO to defend company before Congress against bias claims
Twitter Inc Chief Executive Jack Dorsey will tell Congress on Wednesday the company “does not use political ideology to make any decisions,” according to written testimony made public on Tuesday.
ING penalty puts Europe’s money laundering controls on the spot
When Dutch prosecutors trawled through ING’s books they found a “women’s underwear trader” had been able to launder 150 million euros through the bank’s accounts without ringing alarm bells.
U.S. factory activity hits 14-year high; supply constraints rising
U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but increasing bottlenecks in the supply chain because of a robust economy and import tariffs could restrain further growth.
Twitter chief executive to defend company before Congress
Twitter Inc Chief Executive Jack Dorsey will tell Congress on Wednesday the company “does not use political ideology to make any decisions.”
Top U.S. regulator calls for ‘reset’ in relations with other countries
How the United States supervises cross-border derivatives is flawed and needs resetting to avoid fragmenting markets and placing undue burden on companies, a top U.S. regulator said on Tuesday.
Mercedes unveils electric car in direct German challenge to Tesla
Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm.
Wall Street slides on tech weakness, Nike drags on Dow
U.S. stocks fell on Tuesday, with Facebook leading a decline in the technology sector and Nike dragging on the Dow Jones Industrial index, setting a rough start for September as investors grappled with trade issues.
