BP to cut 3 percent of upstream jobs by year-end
(Reuters) – British oil giant BP Plc said it plans to cut 3 percent of jobs in exploration and production, as part of a restructuring of its global upstream business to make the division more efficient and competitive.
J.C. Penney CEO Ellison jumps ship to Lowe’s
(Reuters) – J.C. Penney’s Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe’s Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down 4 percent.
Wall Street gains as U.S.-China trade talks gather pace
(Reuters) – U.S. stocks rose on Tuesday, adding to gains from a day earlier, as the United States and China made progress on reducing trade tensions after agreeing to put their differences on hold.
Airbus says obeying WTO subsidy verdict as sanctions loom
PARIS (Reuters) – Airbus said on Tuesday it had taken steps to comply with a World Trade Organization (WTO) ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and Airbus.
Wall Street rises at open as U.S.-China trade talks progress
(Reuters) – Wall Street opened higher for the second straight day on Tuesday, boosted by gains in tech stocks as trade talks between the United States and China gained momentum.
Renault-Nissan-Mitsubishi VC invests first $50 million in startups
TEL AVIV (Reuters) – The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has agreed five investments in four months totaling $50 million and will present another to its supervisory board next week, the fund’s head said.
Stock futures rise as U.S.-China trade talks advance
(Reuters) – U.S. stock index futures rose on Tuesday on signs of further progress in trade talks between the United States and China as the world’s two largest economies pull back from the brink of a full-blown trade war.
China, U.S. near deal on ZTE reprieve; Beijing cuts auto tariffs
BEIJING (Reuters) – Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world’s two …
Tesla’s Musk admits Model 3 braking issue, promises fix
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk has sought to play down a report identifying “big flaws” in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days.
Russia and Japan warn U.S. of $1 billion in tariff retaliation
GENEVA (Reuters) – Russia and Japan have warned they could retaliate against U.S. tariffs on steel and aluminum by imposing sanctions worth almost $1 billion combined, filings published by the World Trade Organization showed on Tuesday.
