No sign of violations in Geely purchase of Daimler stake: Merkel
BERLIN (Reuters) – Germany is open towards its trading partners and at a first look, there are no obvious violations linked to Geely’s acquisition of a $9 billion stake in Daimler , Chancellor Angela Merkel said on Tuesday.
Homebuilder Toll Brothers profit beats on higher demand
(Reuters) – Toll Brothers Inc reported on Tuesday a first-quarter profit that beat analysts’ estimates, as it sold more luxury homes at higher prices, mainly in the Western United States.
German court backs city bans on diesel cars
LEIPZIG, Germany (Reuters) – A top German court ruled on Tuesday in favor of allowing major cities to ban the most heavily polluting diesel cars, a move set to hit the value of 12 million vehicles in Europe’s largest car market and probably force carma…
Comcast challenges Murdoch and Disney with $31 billion offer for Sky
LONDON (Reuters) – U.S. cable giant Comcast offered to buy Sky for $31 billion in an unsolicited approach, taking on Rupert Murdoch’s Fox and Bob Iger’s Walt Disney in the battle for Europe’s biggest pay-TV group.
JPMorgan raises profit goal on lower taxes, higher rates
(Reuters) – JPMorgan Chase & Co raised its key profit goal on Tuesday, and said lower taxes and higher interest rates could help increase its annual pretax net income by up to 17.5 percent in three years.
Stock futures dip ahead of Powell’s testimony
(Reuters) – U.S. stock index futures pointed to a pause in Wall Street’s recovery on Tuesday as investors turned cautious ahead of Federal Reserve Chairman Jerome Powell’s first congressional testimony.
Discovery’s revenue tops estimates on higher advertising
(Reuters) – Discovery Communications Inc’s revenue topped analysts’ forecasts in the fourth quarter as the owner of Discovery Channel and Animal Planet benefited from higher advertising income across its networks.
Israel’s Bezeq to name Paz as interim CEO amid police probe: source
JERUSALEM (Reuters) – Bezeq Israel Telecom on Tuesday is expected to name Yaakov Paz as interim chief executive for at least the next month while CEO Stella Handler remains under police investigation, a source close to the company said.
German court rules in favor of city bans on diesel cars
LEIPZIG, Germany (Reuters) – A top German court ruled on Tuesday in favor of allowing major cities to ban heavily polluting diesel cars, a move likely to hit the value of 12 million vehicles in Europe’s largest car market and force carmakers to pay for…
Starbucks opens first Reserve store, sees retail rents easing
LOS ANGELES (Reuters) – Starbucks Corp on Tuesday will open the first of 1,000 planned upscale Starbucks Reserve stores as part of a broad strategy to defend against high-end coffee rivals like Intelligentsia Coffee & Tea and Blue Bottle Coffee Co .
