SEC says Rio Tinto, ex-CEO, ex-CFO must face fraud case
NEW YORK (Reuters) – The top U.S. securities regulator on Tuesday rejected arguments by Rio Tinto Plc and two former top executives that its civil lawsuit claiming they concealed the plunging value of coal assets owned by the big Anglo-Australian min…
United Air shares tumble as it vows to match low fares, expand capacity
NEW YORK (Reuters) – United Continental Holdings Inc shares fell more than 6 percent in after-hours trading on Tuesday as the airline said it plans to increase capacity, likely threatening its profit margin as it is locked in a price war with low-cost…
Texas Instruments’ revenue growth slowdown rattles investors
(Reuters) – Texas Instruments Inc on Tuesday posted the slowest revenue growth in four quarters on softer demand for its chips used in communications equipment, disappointing investors who expected sales for automotive chips to drive strong results.
SandRidge rebuffs Icahn, boosting ruckus over shale firm’s fate
(Reuters) – U.S. shale oil producer SandRidge Energy Inc rejected demands from activist investor Carl Icahn on Tuesday to replace two of its board members and amend its bylaws, saying any changes should be approved by a majority of shareholders.
Job creator, or job killer? Trump angers solar installers with panel tariff
WASHINGTON/LOS ANGELES (Reuters) – U.S. President Donald Trump signed into law a steep tariff on imported solar panels on Tuesday, a move billed as a way to protect American jobs but which the solar industry said would lead to thousands of layoffs and …
Facebook buys Boston software company that authenticates IDs
NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn more about the …
NAFTA negotiators open key round of talks amid upbeat signs
MONTREAL (Reuters) – Officials opened a key round of negotiations to modernize NAFTA on Tuesday amidst optimistic signs, as U.S. President Donald Trump said the talks were going “pretty well” and Canada’s chief negotiator said he had high hopes for pro…
United Airlines profit up on higher fares, last-minute purchases
NEW YORK (Reuters) – United Continental Holdings Inc reported a greater-than-expected jump in quarterly profit on Tuesday, helped by higher fares and more last-minute ticket purchases.
JPMorgan sees brick-and-mortar branches pivotal to U.S. expansion
NEW YORK (Reuters) – JPMorgan Chase & Co sees brick-and-mortar banking as essential to expanding into more than a dozen markets over five years, even though customers do 80 percent of their transactions online or at ATMs, a bank executive said on Tuesday.
Texas Instruments fails to beat earnings estimates, shares fall
(Reuters) – Chipmaker Texas Instruments Inc’s fourth-quarter earnings failed to exceed Wall Street expectations after several quarters of better-than-expected results, sending its shares down 5 percent on Tuesday.
