Wal-Mart may have to unload stake in Brazilian unit at discount
SAO PAULO/NEW YORK (Reuters) – Wal-Mart Stores Inc is looking to sell part of its operations in Brazil, where it has struggled for a decade, yet missteps by the U.S. retail giant have narrowed the field of potential buyers and could lower the value of…
Wall Street edges higher on strong earnings
(Reuters) – Wall Street’s main indexes were higher in morning trading on Tuesday as upbeat results from Netflix, Travelers outweighed concerns of the potential impact of President Donald Trump’s decision to impose steep import tariffs.
Kimberly-Clark to cut workforce by 12-13 percent, shut facilities
(Reuters) – Kleenex and Huggies maker Kimberly-Clark Corp said on Tuesday it expects to eliminate 5,000-5,500 jobs, or 12-13 percent of its workforce, as part of its global restructuring program.
Apple launches HomePod voice speaker, taking on Google, Amazon
(Reuters) – After missing the critical holiday shopping season, Apple Inc has jumped into the voice speaker wars with the HomePod smart speaker, a device that will use its Siri voice assistant and compete against offerings from Amazon.com Inc and Alph…
JPMorgan rolls out $20 billion investment plan after tax law gains
(Reuters) – JPMorgan Chase & Co unveiled a $20 billion investment plan on Tuesday to increase wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the U.S. tax law and improved regulatory environment.
Apple launches HomePod smart speaker sales from January 26
(Reuters) – Apple Inc will start taking online orders for its HomePod smart speaker from Jan. 26 in the United States, United Kingdom and Australia, just over a month later than initially planned.
P&G profit falls on beauty brands sale, tax charge
(Reuters) – Procter & Gamble Co reported a 68 percent drop in quarterly profit on Tuesday, due to the sale of a chunk of its beauty brands to Coty Inc last fiscal year and a charge related to the recent U.S. tax overhaul.
J&J reports quarterly loss on $13.6 billion tax charge
(Reuters) – Johnson & Johnson reported a quarterly loss due to a $13.6 billion charge related to the new U.S. tax law, but beat adjusted quarterly profit estimate on strong demand for new cancer drugs and gains from its Actelion acquisition.
Verizon quarterly profit jumps, helped by tax reform
NEW YORK (Reuters) – Verizon Communications Inc on Tuesday reported quarterly revenue that exceeded analyst estimates as phone subscribers grew while tax cuts helped its profits soar, boosting its shares in premarket trading.
Futures higher on strong earnings, global growth hopes
(Reuters) – U.S. stock futures were slightly higher on Tuesday as a bunch of upbeat corporate results and robust global growth expectations lifted sentiment.
