Starbucks shuts 8,000 stores for anti-bias training
(Reuters) – Black leaders who are advising Starbucks Corp on its anti-bias training program, which begins Tuesday, hope it will reinvigorate decades-old efforts to ensure minorities get equal treatment in restaurants and stores, setting an example for…
Canadian government to buy Kinder Morgan’s Trans Mountain pipeline
OTTAWA (Reuters) – The Canadian government said on Tuesday it will buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline project for C$4.5 billion ($3.5 billion) but does not intend to be the long-term owner of the project, which has faced fierce env…
U.S. May auto sales expected to dip 1 percent: J.D. Power and LMC
(Reuters) – U.S. automobile sales are expected to decline 1 percent year-over-year in May, industry consultants J.D. Power and LMC Automotive said on Tuesday.
Wall Street futures fall as Italy, Spain worries turn investors risk averse
(Reuters) – U.S. stock index futures fell on Tuesday led by bank stocks as investors moved to low-risk assets due to a deepening political crisis in Italy and a leadership challenge in Spain.
Worsening Italian crisis batters European markets
LONDON (Reuters) – A worsening political crisis in Italy provoked a second day of selling on European markets, with the euro cut to an 11-month low, stocks punished and short-term borrowing costs surging for the government in Rome.
Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO
SHANGHAI (Reuters) – Alibaba Group Holding Ltd on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) Inc for $1.38 billion, as part of the e-commerce firm’s push into offline services.
In Portugal, trust in China is the art of the deal
LISBON (Reuters) – Utility company EDP may balk at the meager 5 percent premium offered for its shares by China Three Gorges (CT) but the battle for Portugal’s biggest business has largely played out already.
No antitrust probe for Lufthansa over fares after Air Berlin collapse
BERLIN (Reuters) – Lufthansa will not be investigated for market abuse over rising ticket prices following the collapse of local rival Air Berlin , the German cartel office said on Tuesday.
How the world’s biggest private equity oil and gas industry bid collapsed
MELBOURNE (Reuters) – Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world’s biggest private equity oil and gas industry deal last week.
Trump giving Japan’s Abe a hard time on trade despite close ties
TOKYO (Reuters) – Tariffs on steel, threats of car import levies and intense pressure for a two-way economic deal: despite warm personal ties, U.S. President Donald Trump is giving Japanese Prime Minister Shinzo Abe a decidedly tough time on trade.
