New 3M CEO seeks to develop or buy way to higher growth
DETROIT (Reuters) – The new chief executive of 3M Co is looking at both buying companies and selling underperforming units while investing in developing the next blockbuster product in a bid to drive faster growth at the industrials group that makes p…
U.S. factory orders increase, equipment spending cooling
WASHINGTON (Reuters) – New orders for U.S.-made goods unexpectedly rose in May, pointing to a strengthening manufacturing sector, but business spending on equipment continued to show signs of slowing.
Wall Street higher as energy stocks gain
(Reuters) – U.S. stocks rose on Tuesday, boosted by energy stocks as oil prices rose, but gains were capped by a drop in technology stocks, with Facebook sliding on renewed concerns over its data scandal.
Facebook shares drop on report of widened probe on data scandal
(Reuters) – Shares of Facebook Inc fell 2 percent on Tuesday, after a report that a federal probe on the data breach linked to Cambridge Analytica had been broadened and would include more government agencies.
PSA to launch electric car-sharing scheme in Paris by year-end
PARIS (Reuters) – PSA will launch during the last quarter of 2018 a “free floating” car-sharing scheme in Paris, allowing drivers to pick up an electric vehicle at one location and leave it elsewhere in the city, the carmaker said in a statement.
Wall Street opens higher as energy stocks gain
(Reuters) – U.S. stock indexes opened higher on Tuesday as shares of energy companies rose on the back of rising oil prices, aiding Wall Street in a shortened trading day ahead of the Fourth of July holiday.
Firing fake pineapples, Pernod uses ‘influencers’ to drive sales
LONDON/CANNES, France (Reuters) – This spring, Pernod Ricard’s Malibu Rum paid American singer Nick Jonas to host a competition in Vietnam that began with 33 Instagram stars battling to catch fake pineapples while flying off a giant waterslide into th…
Facebook shares slip on report of widened probe on data scandal
(Reuters) – Shares of Facebook Inc fell more than 1 percent in premarket trade on Tuesday, after a report said that a federal probe on the data breach linked to Cambridge Analytica was broadened and will include more government agencies.
Ford’s U.S. auto sales rise about 1.2 percent in June
(Reuters) – Ford Motor Co on Tuesday reported an about 1.2 percent rise in U.S. auto sales in June, helped by a new record for sport utility vehicles for the month.
Exclusive: China presses Europe for anti-U.S. alliance on trade
BRUSSELS/BERLIN (Reuters) – China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said.
