Stock futures add to losses after retail sales data
(Reuters) – U.S. stock index futures added to their losses on Tuesday after data showed retail sales increased moderately in April as rising gasoline prices weighed on discretionary spending.
U.S. retail sales increase moderately in April
(Reuters) – U.S. retail sales increased moderately in April as rising gasoline prices weighed on discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.
New Air France-KLM CEO must avert slow descent in France
PARIS/BERLIN (Reuters) – Air France-KLM’s next CEO faces an unenviable task if they want to avoid the fate of Alitalia. The manager needs to deal with union resistance to restructuring at its core Air France brand, keep increasingly frustrated KLM sta…
Soros foundation to shut its office in ‘repressive’ Hungary
BUDAPEST (Reuters) – Billionaire George Soros’s pro-democracy foundation said on Tuesday it would shut its office in Budapest and move to Berlin, leaving what it called “an increasingly repressive political and legal environment” in Hungary.
Home Depot misses comparable-sales forecasts as spring selling dips
(Reuters) – Home Depot Inc on Tuesday missed Wall Street forecasts for sales at established stores, as an unusually long winter hit sales of typical spring products like lawn-mowers and patio furniture.
A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many other models have struggled.
Air France-KLM finance chief named CEO after union standoff
PARIS (Reuters) – Air France-KLM on Tuesday promoted finance director Frederic Gagey to interim chief executive and named Anne-Marie Couderc as non-executive chairwoman in transitional appointments days after the former CEO resigned in a standoff over…
U.S. chipmaker Intel submits plans for $5 billion Israel expansion
JERUSALEM (Reuters) – Intel Corp said on Tuesday it had submitted plans to expand its production operations in Israel, with the government saying the U.S. chipmaker would invest about $5 billion.
Qualcomm-NXP deal still on hold in China, trade talks with U.S. eyed: sources
BEIJING/SHANGHAI (Reuters) – Qualcomm’s proposed $44 billion takeover of rival NXP Semiconductors is yet to see a concrete breakthrough in China, sources said, tempering hopes a lull in trade tensions with the United States had prompted Beijing to spee…
Uber will not require sexual assault victims to sign confidentiality deals
(Reuters) – Uber Technologies Inc [UBER.UL] said on Tuesday sexual harassment or assault victims will have the option to settle claims with the ride-hailing service without a confidentiality provision that prevents them from speaking about the incident…
