German union to start pay talks for Ryanair cabin crew on Wednesday
German union Verdi will meet Ryanair in Dublin on Wednesday to start pay talks for around 1,000 cabin crew working in Germany for Europe’s largest low-cost airline, it said.
IATA still pursing complaint against Honeywell after CFM deal
The International Air Transport Association (IATA) is pursuing its complaint against Honeywell to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine maker CFM.
Home Depot second-quarter sales bounce back, results top estimates
Home Depot Inc’s profit and revenue topped estimates on Tuesday despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and as shoppers spent more to remodel their homes.
Earnings optimism, rebound in bank stocks lift Wall Street
U.S. stocks rose in a broad rally on Tuesday after three straight days of losses as strong earnings reports boosted optimism and bank shares rebounded after Turkey’s currency snapped its three-week slide.
Shares rebound as lira pulls out of nosedive
World share markets rebounded on Tuesday as Turkey’s lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China’s giant economy.
Einhorn’s Greenlight cuts back many top holdings, slices Apple
Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry’s worst returns, cut back several long-term holdings, including Apple Inc , Voya Financial Inc and Consol Energy Inc , a filing made on Tuesday sho…
Kate Spade sales drive strong Tapestry forecast, shares jump
The publicity around the untimely death of designer Kate Spade drew shoppers back to the handbag brand this summer, driving a 31 percent jump in fourth-quarter sales for its new owner Tapestry Inc that sent shares up 12 percent on Tuesday.
Amazon to open Colombia service center, employ 600 workers
Amazon.com Inc on Tuesday said it will open its first customer service center in Colombia in October and employ 600 people. The center, intended to prevent and resolve problems, will serve customers worldwide in Spanish, English and Portuguese, the world’s largest online retailer said in a statement.
Coca-Cola bets on Kobe sports drink in fight with Gatorade
(In this August 14 story corrects paragraph 2 to show Powerade is not ceding market share to Gatorade)
Tesla forms three-member panel to decide on any Musk deal
Tesla Inc’s board named a special committee of three directors on Tuesday to negotiate with Elon Musk on taking the electric carmaker private, although it said it was yet to see a firm offer from the company’s chief executive.
