U.S. arbitration court can rule on Vattenfall’s German nuclear claim: paper
A U.S. arbitration court has rejected a German government petition that said the panel had no right to rule on a damages claim by Sweden’s Vattenfall [VATN.UL] over a decision to pull out of nuclear power, a newspaper reported.
Citigroup CFO Gerspach to retire, be replaced by Mason: memo
Citigroup Inc’s longtime Chief Financial Officer John Gerspach will retire in March, to be replaced by Mark Mason, CFO of the institutional clients group, the third-largest U.S. bank told employees on Tuesday.
Oil rises ahead of Storm Gordon; gains capped by Cushing build
Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.
Getty family to buy majority stake in Getty Images from Carlyle
The Getty family said on Tuesday it would acquire Carlyle Group’s majority stake in photo agency Getty Images Inc.
U.S. SUV sales jump again in August
Top automakers pointed to a small increase in U.S. auto sales in August including another sharp rise in SUV sales, as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices.
Amazon joins $1 trillion club, on pace to overtake Apple
Amazon.com Inc on Tuesday joined Apple Inc to become the second $1 trillion publicly listed U.S. company after its stock price more than doubled in a year as it grew rapidly in retail and cloud computing.
Emerging markets under pressure as dollar rises
Stocks fell in major markets around the world on Tuesday and emerging markets currencies lost ground while the U.S. dollar rose as investors looked for safety as they braced for an escalation in the U.S.-China trade conflict.
Wall Street slips as internet stocks, Nike weigh
U.S. stocks were lower on Tuesday, with declines in Facebook, internet stocks and Nike leading to a bumpy start to September, as investors also grappled with rising trade uncertainties.
Atlanta Fed lifts U.S. third-quarter GDP view to 4.7 percent
The U.S. economy is growing at a 4.7 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity.
U.S. factory activity races to 14-year high in August
U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but growing concerns over rising raw material costs as a result of import tariffs could restrain further growth.
