Guess Chairman Paul Marciano resigns after probe into improper conduct
(Reuters) – Guess Inc said on Tuesday its co-founder, Paul Marciano, had resigned as the company’s executive chairman after a special committee completed an investigation into allegations of improper conduct.
Dissident doyen set to rejoin Fed’s rate-setting panel
SAN FRANCISCO (Reuters) – The U.S. central bank’s staunchest advocate for faster interest-rate hikes is set to regain the power to vote at the Federal Reserve’s rate-setting meetings starting next month, but the shift is unlikely to mean faster rate hi…
S&P 500, Nasdaq end higher; investors turn focus to Fed
NEW YORK (Reuters) – U.S. stocks ended slightly higher on Tuesday, boosted by gains in technology and utilities shares, though investors were cautious ahead of the Federal Reserve’s policy decision.
AT&T wins court approval to buy Time Warner over Trump opposition
WASHINGTON (Reuters) – AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump’s administration to block the deal and likely setting off a wave of corporate mergers.
Bitcoin sinks to two-month low as downtrend persists
NEW YORK (Reuters) – Bitcoin fell to a two-month low on Tuesday, sliding in three of the last four sessions on nagging regulatory and security concerns after the weekend hacking of South Korean cryptocurrency exchange Coinrail.
Guess Chairman Paul Marciano reigns after probe into improper conduct
(Reuters) – Guess Inc said on Tuesday its co-founder, Paul Marciano, had resigned as the company’s executive chairman after a special committee completed an investigation into allegations of improper conduct.
Tesla cuts 9 percent of workforce in search for profit
(Reuters) – Electric car maker Tesla Inc is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan.
S&P 500 hovers near unchanged as focus turns to Fed
NEW YORK (Reuters) – U.S. stocks were near flat on Tuesday as investors became cautious ahead of the Federal Reserve’s policy decision, while a historic U.S.-North Korea summit failed to impress investors.
JPMorgan sued over Mexican property transfer
NEW YORK (Reuters) – A Mexican real estate developer has filed a $1.2 billion lawsuit accusing JPMorgan Chase & Co of fraudulently inducing it to transfer properties based on a false promise it would sell them.
Union leaders to meet General Electric in bid to save Virginia jobs
NEW YORK (Reuters) – Union leaders plan to meet with General Electric Co on Wednesday in a bid to avert closure of a Virginia factory that makes controls for GE’s power plants, the company and the union said on Tuesday.
