VW suspends company lobbyist over ‘repulsive’ diesel fume tests
BERLIN/FRANKFURT (Reuters) – Volkswagen suspended its chief lobbyist on Tuesday in response to reports the carmaker had sponsored tests that exposed monkeys and humans to toxic diesel fumes, methods condemned by its chief executive as repulsive.
Dow off 250 points as bond yields, health stocks weigh
(Reuters) – U.S. stocks opened lower for a second straight day on Tuesday, with the Dow down about 250 points, weighed down by a rise in bond yields and a drop in shares of healthcare companies.
Amazon, Berkshire, JPM form healthcare company to cut costs
(Reuters) – Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co will form a healthcare company aimed at cutting costs for their U.S. employees, they said on Tuesday, sending shares in the broad healthcare sector sharply lower.
Walmart to share inventory data with suppliers in battle with Amazon
NEW YORK (Reuters) – Wal-Mart Stores Inc said on Tuesday the company will share more data with suppliers to move faster in replenishing out-of-stock items as it tries to better compete with rivals like Amazon.com Inc
Pencil-maker Faber-Castell sharpens up for digital age
NUREMBERG, Germany (Reuters) – If the digital revolution is going to consign anything to the dustbin of history, you might think the humble pencil would be a leading contender.
Futures dip as bond yields, Apple again weigh
(Reuters) – U.S. stock index futures were lower for a second straight day on Tuesday, with Dow futures falling more than 150 points, weighed down once again by a drop in bond yields and a dip in Apple.
Amazon, Berkshire, JPM team up for cheaper employee healthcare
(Reuters) – Amazon.com Inc , Berkshire Hathaway and JPMorgan Chase & Co are forming a venture aimed at lowering healthcare costs for their U.S. employees, they said on Tuesday, sparking a slide in the shares of a host of healthcare-related companies.
Pfizer profit tops estimates, books $11 billion tax gain
(Reuters) – Pfizer Inc beat analysts’ estimate for adjusted profit on Tuesday, helped by strong demand for its pneumonia vaccine Prevnar and breast cancer drug Ibrance, while also reporting an $11 billion gain from the new tax law.
Amid angst over iPhone X, Wall Street braces for weak forecast from Apple
SAN FRANCISCO (Reuters) – When Apple Inc announces its first-quarter earnings on Thursday, investors will seek signs of whether the company’s $999 iPhone X launched last autumn was a Steve Jobs-style hit or, as more analysts suspect, a letdown.
Health insurer Aetna quarterly profit soars 75.5 percent
(Reuters) – Aetna Inc , which has agreed to be bought by CVS Health Inc , reported a 75.5 percent rise in quarterly profit on Tuesday, due to lower restructuring and transaction and integration-related costs.
