HP Inc tops revenue estimates, raises forecast on PC demand
(Reuters) – HP Inc reported better-than-expected quarterly revenue and raised its full-year profit forecast on Tuesday, helped by strong demand for its notebooks and desktops.
Wall Street falls on Italy worries; bank shares drop
NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average registered their biggest one-day percentage drops in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of U.S. banks tumbled.
HP Inc revenue beats Street on notebook PC demand
(Reuters) – HP Inc reported better-than-expected quarterly revenue on Tuesday, driven by strong growth in its personal systems business, which includes notebooks and desktops.
Rolls-Royce says tripling capacity to fix Trent 1000 engine problems
LONDON (Reuters) – Britain’s Rolls-Royce said it would add maintenance facilities and people to triple its capacity to fix problems with Trent 1000 engines that have grounded Boeing Dreamliner planes, but said this would not raise the cost of the work…
Wall Street falls on Italy political turmoil
NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average fell more than 1 percent on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone.
Canada to buy Kinder Morgan oil pipeline in bid to save project
OTTAWA/WINNIPEG (Reuters) – Canada will buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces formidable political and environmental opposition.
San Francisco subpoenas Uber, Lyft on driver classification
SAN FRANCISCO (Reuters) – San Francisco’s city attorney has subpoenaed Uber Technologies Inc [UBER.UL] and Lyft Inc to turn over records relating to how the ride-hailing firms classify drivers, as well as driver wages, health care and other benefits in…
Bayer wins U.S. nod for Monsanto deal to create agriculture giant
FRANKFURT/WASHINGTON (Reuters) – Bayer won U.S. approval for its planned takeover of Monsanto after agreeing to sell about $9 billion in assets, clearing a major hurdle for the $62.5 billion deal that will create by far the largest seeds and pesticid…
Fiat Chrysler investors want electric road map in CEO’s swan song
MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the ab…
Bayer wins U.S. approval for Monsanto deal
FRANKFURT/WASHINGTON (Reuters) – Bayer won U.S. antitrust approval for its planned takeover of Monsanto on condition that it sells about $9 billion in assets, the Justice Department said on Tuesday, clearing a major hurdle for the $62.5 billion deal…
