Thomson Reuters launches $9 billion buyback, sending shares higher
Thomson Reuters Corp on Tuesday launched a $9 billion share buyback, sending its shares higher, and said it would complete the sale of a majority stake in its Financial & Risk unit to Blackstone Group LP on Oct. 1.
U.S. energy companies fume over rejected steel tariff exemptions
The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration.
Barnes & Noble is sued by ex-CEO over termination
The former Barnes & Noble Inc chief executive who was fired last month for alleged policy violations sued the bookseller for breach of contract and defamation in connection with his sudden termination after just 14 months on the job.
Altice files opposition to T-Mobile and Sprint merger
U.S. cable TV provider Altice USA Inc called for regulators to intervene in the proposed merger between T-Mobile US Inc and Sprint Corp , in a filing published on Tuesday.
Wall Street flat after U.S.-Mexico trade deal high
U.S. stocks treaded water on Tuesday, with the benchmark S&P 500 and the Nasdaq hovering at all-time highs, a day after the United States and Mexico reached an agreement to overhaul the North America Free Trade Agreement (NAFTA).
U.S. consumer confidence races to near 18-year high
U.S. consumer confidence surged to near an 18-year high in August, as households remained upbeat on the labor market, pointing to strong consumer spending that should help to sustain the economy for the remainder of the year.
Tiffany’s results beat estimates, profit outlook up
Tiffany & Co’s results topped Wall Street estimates on Tuesday as a heavy advertising spend drew in both affluent and more price-conscious shoppers to its stores in the Americas and China, prompting the chain to raise its annual profit forecast.
Slowing online sales hurt Best Buy’s second quarter, shares drop
Best Buy Co Inc on Tuesday reported a drop in quarterly online sales growth and offered a profit forecast for the current quarter that fell short of analyst estimates, sending its shares down more than 5 percent in afternoon trading.
Wall Street flat after NAFTA deal high
U.S. stocks were little changed on Tuesday, with the benchmark S&P 500 and the Nasdaq hovering at all-time highs, a day after the United States and Mexico reached an agreement on an overhaul of the North America Free Trade Agreement (NAFTA).
Thomson Reuters says it will complete Blackstone deal on October 1
Thomson Reuters Corp said on Tuesday that it will complete the sale of a 55 percent stake in its Financial & Risk unit to private equity firm Blackstone Group LP on Oct. 1.
